
British Pound: Data mix limits sustained gains against US Dollar – BBH
British Pound: Data mix limits sustained gains against US Dollar – BBH
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British Pound: Data mix limits sustained gains against US Dollar – BBH

Gold continues to trade close to multi-month highs following its recent advance, which was supported by the latest US inflation data. July's CPI broadly matched market expectations, reducing the likelihood of a Federal Reserve rate hike in September.

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![EUR/USD to 1.1600? GBP/USD and AUD/USD test resist [Video]](https://static.pipvero.com/pipvero/uploads/2026-08/general-1-1786943594-3796b3faf78751b7.webp)
EUR/USD to 1.1600? GBP/USD and AUD/USD test resist [Video]

TL;DR: AUD/USD has broken out on external tailwinds — a weaker Dollar and rebounding risk appetite — but Thursday's jobs report lands in the middle of a genuine split between economists who think the RBA is done hiking and an RBA that keeps saying otherwise.

EUR/JPY Price Forecast: Tests rising wedge bottom near 184.00

Looking at the 4-hour chart, the pair tested the 1.1580 resistance. It settled well above the 100 simple moving average (red, 4-hour) and the 200 simple moving average (green, 4-hour).