The GBP/USD pair stays near 1.3150 as ongoing US government uncertainties weigh on market sentiment. US political gridlock, debates over the debt ceiling, and cautious Federal Reserve signals support the dollar, while the Bank of England’s hawkish tone counters weak UK growth. Traders remain watchful amid this complex backdrop. Credit: VT Markets
GBP/USD holds near 1.3150 as concerns over the US government, including shutdown risks and debt ceiling debates, shape market sentiment. Investors remain cautious amid mixed Fed signals and UK economic data, eyeing key developments for direction.
Weekly Forex Forecast Nov 10–14, 2025:
DXY remains bullish above 104.80, eyeing resistance near 106.50 amid Fed pause and global risks. EURUSD battles descending trendline resistance around 1.0750; support at 1.0620 crucial. GBPUSD consolidates between 1.2250–1.2450, reflecting mixed UK data. USDJPY tests 148.00 resistance amid cautious BoJ stance. XAUUSD struggles below $2000, influenced by USD strength and inflation cues. Trade wisely.
Analysis adapted from Justin Bennett’s Daily Price Action.
GBP/USD faced resistance near 1.3150 despite a sharp drop in US job growth, which weakened the dollar. However, sterling’s gains stalled amid ongoing UK economic concerns and market hesitation ahead of key UK data and Bank of England guidance. Uncertainty keeps the pair volatile.
GBP/USD remains around 1.3150 as markets weigh the risk of a US government shutdown, which is dampening household sentiment and fueling uncertainty. The dollar sees mixed flows amid safe-haven demand and concerns over fiscal gridlock, while the pound shows resilience on moderating UK inflation and steady labor data. Traders await clearer economic signals before making decisive moves.
The Bank of England’s dovish hold at 5.25% and cautious tone have intensified market bets on a December rate cut. This shift is weighing on the British Pound, prompting declines against both the Euro and the US Dollar. Expect GBP volatility to persist as monetary policy expectations evolve. For deeper analysis, see James Elliott’s full report at Currency News UK.
Pound sterling gains ground against the US dollar as the Bank of England holds rates steady, signaling a “higher for longer” approach amid persistent inflation concerns. Meanwhile, uncertainty over a potential US government shutdown weighs on the dollar, fueling GBP/USD volatility and supporting the pound’s recent rally.
The Pound Sterling gains ground against the US Dollar as the Bank of England holds interest rates steady, signaling cautious optimism amid persistent inflation concerns. Meanwhile, looming US government shutdown fears weigh on the Dollar, contributing to GBP/USD reaching multi-week highs. Market attention remains fixed on evolving monetary policies and political developments shaping currency flows. #Forex #GBPUSD #BoE #USD
The Pound Sterling has gained against the US Dollar following the Bank of England’s decision to hold interest rates steady. The BoE’s cautious “higher for longer” stance amid persistent UK inflation contrasts with rising US political uncertainty, including fears of a government shutdown, which has weighed on the Dollar. Traders view this as a signal that GBP/USD may remain supported in the near term as markets price in divergent monetary policies and risk outlooks.
Pound sterling gains strength against the US dollar as the Bank of England holds interest rates steady amid persistent inflation concerns. Meanwhile, uncertainty over a potential US government shutdown weighs on the dollar, keeping GBP/USD elevated near 1.23. Markets watch closely for next moves from both central banks. #Forex #GBPUSD
