
GBP/USD Price Forecast: Bulls press toward 1.3600 as uptrend strengthens
GBP/USD Price Forecast: Bulls press toward 1.3600 as uptrend strengthens
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GBP/USD Price Forecast: Bulls press toward 1.3600 as uptrend strengthens

There will be some key data from the UK to watch this week, which could set the tone for the pound, while the macro calendar in the US is a lot quieter. Once again, much of the market's direction may therefore come down to crude oil.

Gold prices hold firm as a softer dollar and lower Treasury yields offset oil-driven inflation risk before Fed minutes.

Sterling enters this week on a mixed footing. Last month's Bank of England decision struck a notably hawkish tone, with the vote split 6-3 in favor of holding rates, three members pushed for a hike, a signal the Bank remains genuinely worried about inflation as Middle East-driven energy costs work through the economy.

Gold holds near $4,400 as fading Fed rate hike bets weigh on US Dollar

Pound Sterling Price News and Forecast: GBP/USD stretches to three-month highs at 1.3570

EUR/JPY Price Forecast: Bulls eye 185.00 resistance area

Gold Price Forecast: XAU/USD holds bullish bias near $4,400

The Pound-Australian Dollar rate could push higher if strong UK jobs and inflation data lift BoE rate expectations, while softer Australian employment may weigh on the Aussie. The Pound to Australian Dollar (GBP/AUD) exchange rate wavered last week amid a shifting market mood and thin trading conditions.

TL;DR: Gold's rally paused exactly at major trendline resistance near 4,450, but shallow follow-through selling suggests consolidation, not reversal — with this week's Iran truce deadline and early-September US data now the two catalysts that will decide the next move.

Silver prices rise as softer inflation, lower hike odds and a weaker dollar bring buyers back toward last week's $66.80 high.

Silver price today: Silver rises, according to FXStreet data

The British Pound could rebound against the Canadian Dollar if softer inflation weighs on the Loonie, while firmer UK jobs and CPI data support Sterling. The Pound Canadian Dollar (GBP/CAD) exchange rate wavered down to a two-week low last week, despite UK GDP figures, as oil prices rose.

EUR/USD at eight-week high: What happens next

EUR/USD begins the week around 1.1588, reaching its highest level in eight weeks. The euro has been supported by dollar weakness following fresh US economic data, which revived doubts about the stability of the US economy and reduced expectations of imminent Federal Reserve tightening.