Credit Agricole forecasts the GBP/USD exchange rate to reach 1.33 by the end of 2026. Their outlook reflects expected monetary policy divergence, with the Bank of England likely more cautious on rate cuts than the Fed, and a gradual UK economic rebound supporting Sterling strength. Full analysis by James Harte on ExchangeRates.org.uk.
Pound sterling rises 0.26% against the US dollar amid ongoing US government shutdown. Political gridlock is fueling dollar weakness and shifting investor sentiment, driving GBP/USD higher despite broader risk-off market conditions. Traders watch for further volatility as the fiscal impasse continues.
Sterling gains 0.26% against the US dollar as the US government shutdown fuels uncertainty. Despite risk-off sentiment and weaker US economic data, the pound benefits from relatively stable UK outlook and a less dovish Bank of England. Market eyes Fed policy shifts amid ongoing US political deadlock. Credit: VT Markets (https://www.vtmarkets.com/live-updates/as-the-us-government-shutdown-continues-the-pound-sterling-gains-0-26-against-the-dollar/)
Pound sterling gains momentum as the US government shutdown drags on, fueling uncertainty and weighing on the US dollar. Traders eye GBP/USD pushing higher amid delayed US data and political gridlock. Market volatility persists with dollar weakness benefiting rival currencies. Credit: VT Markets Analysts.
GBP/USD steadies near 1.3480 amid growing speculation of a Federal Reserve rate cut. As US monetary policy expectations shift and UK economic data remains mixed, the pair balances on a technical range with key levels to watch ahead. Traders remain focused on Fed signals and upcoming data releases.
US government shutdown could last up to 3 weeks, raising uncertainty across financial markets. Forex traders expect increased volatility in the US dollar, with risk aversion pushing flows toward safe-haven currencies. Delayed economic data and political gridlock heighten pressure on major currency pairs.
GBP/USD heads into a critical week as sterling consolidates within a well-defined range amid mixed macroeconomic signals. Technicals show a neutral to slightly bullish bias with key support at 1.2600 and resistance near 1.2800. Watch BoE commentary and US data for cues shaping the next directional move.
GBP/USD remains range-bound this week, consolidating between support at 1.2583 and resistance near 1.2816. A break above resistance could target 1.2892 and 1.3141, signaling bullish momentum. Conversely, a drop below 1.2583 risks deeper declines toward 1.2442 and 1.2306. Market watchers await clearer directional cues amid muted technical momentum.
— Based on original analysis by ActionForex.com
As we enter October 6–10, 2025, DXY faces key resistance near 107.30–107.70, risking a pullback if bearish signals confirm. EURUSD tests long-term support around 1.0430–1.0450, with possible relief rallies if holds, but a break points to 1.0250. GBPUSD’s range remains tight, eyeing 1.2200 resistance and 1.2000 support. Gold (XAUUSD) consolidates near $1,950 amid mixed drivers; a push above $1,980 could signal bullish momentum. Stay alert for price action signals across these markets this week.
—Adapted from Justin Bennett, Daily Price Action
Weekly Forex Forecast (Oct 6-10, 2025) by Justin Bennett, Daily Price Action:
• DXY shows strong bullish momentum, consolidating above 106.30; watch resistance at 107.25 and 107.90. A drop below 106.30 risks a correction toward 105.60.
• EURUSD remains pressured below 1.0680, testing channel support near 1.0530. A break lower targets 1.0500–1.0480, while a bounce could reach 1.0680 resistance.
• GBPUSD continues downside move beneath 1.2100 amid cautious BOE signals, key support at 1.2000. Resistance lies near 1.2200.
• XAUUSD (Gold) holds above key support at $1940, eyeing resistance at $1975; watch inflation data and dollar strength for direction.
Focus on technical patterns and fundamentals for opportunities this week.
