The British Pound dropped to 1.3097 against the US Dollar following market close on Tuesday, pressured by growing concerns over the UK’s widening fiscal gap. Weak public finances, rising debt, and political uncertainty are weighing heavily on Sterling sentiment. Technical indicators point to further downside risks unless fiscal outlook or market sentiment improve.
GBP/USD dropped to 1.3097 after UK fiscal concerns emerged post-market, highlighting widening deficits and investor uncertainty. Coupled with a strong USD and Bank of England policy doubts, sterling faces increased volatility ahead. Traders should watch fiscal developments and UK economic data closely.
GBP/USD tumbled to 1.3097 after market close as UK fiscal data revealed widening budget deficits, rattling Sterling. Rising borrowing concerns and slower growth outlook pressured the Pound, prompting heightened market volatility and gilt yield spikes. Traders watch closely for Bank of England policy impact. More details at TradingNews.com
Gold prices hold steady near $4,000 as a firm US Dollar and rising Treasury yields exert downward pressure. Safe-haven demand amid inflation concerns and geopolitical risks provides support, highlighting the complex dynamics shaping gold’s performance in today’s market.
GBP/USD weekly outlook: After a strong rally from May lows, the pair faces consolidation near 1.2650–1.2700 support amid fading bullish momentum. Key resistance at 1.2745 and 1.2859 may cap upside, while a break below 1.2650 could open the door to 1.2590 and 1.2500. US economic resilience supports the dollar, while markets await signals from the BoE and Fed. (Credit: Action Forex)
Forex Technical Major Pairs Analysis – October 31, 2025: EUR/USD nears key resistance at 1.0700 after bouncing from 1.0530 support; a break above 1.0800 could trigger a bullish trend. GBP/USD consolidates around 1.2200 within an upward channel, facing resistance at 1.2270 and 1.2380. USD/JPY, AUD/USD, and USD/CAD also exhibit mixed technical setups amid global economic shifts. Stay tuned for detailed insights by Aza Mahdi at FXDailyReport.com.
Forex Technical Major Pairs Analysis: October 31, 2025
As October closes, EUR/USD attempts to break above consolidation near 1.0630, eyeing 1.0700 resistance but must hold 1.0500 support to avoid deeper losses. GBP/USD remains range-bound between 1.2070 and 1.2300, awaiting a decisive breakout. AUD/USD trades within an ascending channel from 0.6270 to 0.6430 amid mixed risk sentiment. Monitoring moving averages and momentum indicators will be key heading into November.
Full details adapted from M Riska at FXDailyReport.com.
Following the Federal Reserve’s hawkish signals and expectations of further tightening, the GBP/USD has declined for a third consecutive day, breaking decisively below the 1.32 level. Stronger US dollar momentum is weighing on sterling amid diverging central bank policies and rising Treasury yields. Traders should watch key support near 1.3150 and resistance around 1.33.
GBP/USD has slipped below the 1.32 mark for a third consecutive day as a hawkish Federal Reserve stance fuels broad US dollar strength. Market focus shifts to diverging central bank policies amid weakening UK data and geopolitical uncertainties. Traders remain cautious ahead. #Forex #GBPUSD
GBP/USD has slipped below the 1.32 level for the third straight day amid a hawkish Federal Reserve outlook. Fed signals of potential rate hikes and sustained restrictive policy have boosted the US dollar, putting pressure on the pound. Divergent central bank policies and mixed UK data add to the downside momentum. Stay tuned for updates from VT Markets Analysts.
