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: 2025.08.13
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GBP extends Tuesday's jobs-driven rally - Scotiabank
Breaking news
GBP extends Tuesday's jobs-driven rally - Scotiabank
New
2025.08.13 20:28
2025.08.13 20:28
2025.08.13 20:28
The Pound Sterling (GBP) is up 0.6% against the US Dollar (USD) and outperforming most of the G10 currencies into Wednesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
GBP might face a possible break to fresh local high
"This week's gains have been notable, extending the bull run that began on August 1 with GBP's latest strength resulting from stronger domestic employment data and an outlook for relative central bank policy that reflects expectations for greater Fed easing. The UK-US spread has climbed to a fresh three month high, pushing above 15bpts for the first time since early May."
"The GBP's latest gains have easily cleared the 50 day MA (1.3503) and the latest rally is now threatening a break of the late July high in the upper 1.35s. Momentum is bullish, and the RSI is now pushing above 60. We see little in terms of medium-term resistance ahead of the early July high in the upper 1.37s and look to a near-term range bound between 1.3500 support and 1.3620 resistance."
Last updated
: 2025.08.13
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GBP/USD rallies as Fed cut bets soar despite hot core CPI
The GBP/USD advances during the North American session, up by 0.56% as the Greenback gets battered amid increasing bets that the Federal Reserve might resume its easing cycle as soon as September. The pair trades at 1.3572 after bouncing off lows of 1.3487.
New
2025.08.14 00:19Euro climbs to near three-week high amid US Dollar weakness and Fed rate cut bets
The Euro (EUR) extends gains for the second consecutive session on Wednesday, climbing above $1.1700 to its highest level in nearly three weeks, supported by broad US Dollar (USD) weakness after the latest US Consumer Price Index (CPI) report.
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2025.08.14 00:16EUR/CHF Price Forecast: Bulls eye breakout above 0.9430 as Swiss Franc under pressure on US tariff shock
The EUR/CHF cross is trading flat but remains resilient above the 0.9400 level on Wednesday, consolidating its recent gains after a strong rebound from the lower end of its multi-month trading range.
New
2025.08.13 23:33EUR/GBP weakens as Pound holds firm ahead of UK, Eurozone GDP data
The Euro (EUR) extends its decline against the British Pound (GBP) on Wednesday, with EUR/GBP coming under renewed selling pressure after failing to sustain Tuesday's overnight bounce. At the time of writing, the pair trades near 0.8625 in the early American session, down around 0.25% on the day.
New
2025.08.13 22:31Gold holds above $3,350 as mild inflation data weighs on US Dollar
Gold (XAU/USD) extends its rebound on Wednesday, advancing for a second day after recovering from over a one-week low near $3,330.
New
2025.08.13 21:26US Treasury Sec. Bessent: Good chance of 50 basis point rate cut
In an interview with Bloomberg on Wednesday, United States (US) Treasury Secretary Scott Bessent said that there is a good chance that the Federal Reserve (Fed) could opt for a 50 basis points rate cut at the next meeting.
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2025.08.13 21:22Gold Price Forecast: XAU/USD ticks up to near $3,360, wobbles around 20-day EMA
Gold price (XAU/USD) trades marginally higher to near $3,360.00 during the European trading session on Wednesday.
New
2025.08.13 20:41JPY gains on broader developments ahead of GDP - Scotiabank
The Japanese Yen (JPY) is up 0.4% against the US Dollar (USD) and a relative underperformer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.13 20:28GBP extends Tuesday's jobs-driven rally - Scotiabank
The Pound Sterling (GBP) is up 0.6% against the US Dollar (USD) and outperforming most of the G10 currencies into Wednesday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New
2025.08.13 20:27USD/CAD remains limited below 1.3800, Loonie lacks bullish momentum
The Canadian Dollar is drawing some support from the generalised US Dollar weakness, as the moderate US inflation figures seen on Tuesday boosted expectations of Fed monetary easing in September. The pair, however, remains within previous ranges, as the Loonie lacks upside momentum.
New
2025.08.13 20:26Disclaimer:
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