GBP

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[ Recommended by James StanleyGet Your Free JPY Forecast](https://www.dailyfx.com/free-trading-guides#forecastschoices=JPY) [JPY](https://www.dailyfx.com/jpy) may be your pair… But, on that topic, caution is warranted as the [USD/JPY](https://www.dailyfx.com/usd-jpy) pair is now testing the 150.00 level which raises questions around how policy-makers in Japan might handle the matter. We saw this zone first tested through on Monday, with price pushing all the way up for a test of the 170.00 [psychological level](https://www.dailyfx.com/education/support-and-resistance/psychological-levels-and-round-numbers.html), which was then followed by a pullback. This puts focus on the next item of support, around .8650, which then opens the door for support at .8585. [ Recommended by James StanleyGet Your Free GBP Forecast](https://www.dailyfx.com/free-trading-guides#forecastschoices=GBP) Price action did adhere to the previously-defined range, which has been in-place for more than five years now, but price moved all the way up for a test of two-year-highs at .9270. [price pulled back to find support at prior resistance around 1.0932](https://www.dailyfx.com/analysis/british-pound-technical-analysis-gbp-usd-gbp-jpy-eur-gbp-20221010.html). [breakout](https://www.dailyfx.com/education/market-conditions/breakout-ballistics-in-trading-and-analysis.html) has been a theme that’s been brewing for the past few months as this current resistance zone held bulls in April and June and is now being traded through. [GBP/USD](https://www.dailyfx.com/gbp-usd)has shown a number of short-term trends of late, longer-term price action continues to consolidate inside of the range built in late-September through early-October. A bullish break of 1.1350 would look to a re-test of yesterday’s high at 1.1440 and then the longer-term zone that runs from 1.1460-1.1500. To learn more about price action or chart patterns, check out our [DailyFX Education](https://www.dailyfx.com/education)section.

The Pound Australian Dollar (GBP/AUD) exchange rate fell further today despite stronger performance for the Pound (GBP). The resignation of UK Prime Minister ...

The gains for the Australian Dollar may be coming off the back of an uptick in iron ore prices today. The Pound Australian Dollar (GBP/AUD) exchange rate fell further today despite stronger performance for the Pound (GBP). Furthers calls for PM Truss’ resignation may continue to cause market jitters amid the prospect of another leadership contest. A retreat in risk appetite may keep gains for the ‘Aussie’ capped, however. Additionally, a contentious vote on fracking in the House of Commons saw chaotic scenes in the voting lobby amid confusion over the true nature of the vote. A drop in UK government bond prices may also be weighing on the currency pair.

The late-US low in cable has given way and so it's a new post-post-Truss low with the pair shaving off 33 pips already. GBPUSD 10 mins.

Below that, the 1.1000 level and 1.0924 low from Oct 12 offer some solid short-term support. If that morphs into another rout in equities (and today's price action wasn't constructive), then the pound could be right back down to 1.04. There's a chance only one UK Conservative gets the support of 100 MPs on Monday and is acclaimed as PM, so that's the date to watch.

"UK political uncertainty is a key downside risk to our new forecasts. We see a high risk that UK PM Liz Truss resigns which suggests GBP can remain ...

"UK political uncertainty is a key downside risk to our new forecasts. I have made a mistake; I accept responsibility; I resign.” How much those words need to be said by *many* others - especially the ones now grinning as they assume power again," Every added. Obviously it’s a political coup," says Michael Every, a global strategist at Rabobank. One can understand why foreign investors will want to steer clear of sterling until the political environment becomes a lot clearer," he added. 1) the information she sent out related to a new policy to let in more high skilled workers, and stimulate growth - which was relevant to the [@OBR_UK]assessment of... Dollar during early trading on Thursday while also rising against most other major counterparts but with European and some Asia Pacific currencies proving to be exceptions to that rule.

At time of writing the GBP/NZD exchange rate is around $1.9861, relatively unchanged from this morning's opening levels. Pound (GBP) Exchange Rates Under ...

Their goal is to connect clients with ultra competitive exchange rates and a uniquely dedicated service whether they choose to trade online or over the telephone. Save money on your currency transfers with TorFX, voted International Money Transfer Provider of the Year 2016 - 2020. With China reporting the highest number of Covid cases in four months, and Premier Xi Jinping’s recent comments of maintain the country’s zero-Covid stance, investors remain concerned. With inflation for New Zealand coming in hotter-than-expected at 7.2%, further interest rate hike bets are bolstered. Chancellor Jeremy Hunt’s sweeping reversals of the mini-budget has seen a relative calmness return to the bond markets. Compounding the cost-of-living crisis, poverty charities are warning that without government intervention of rising benefits in line with inflation, millions of households will be lunged into worse poverty. This Government surely cannot wish to be remembered for withholding either cash or stability from families.’ The biggest driver was surging food prices, the fastest pace of soaring prices since 1980. [Meanwhile, the New Zealand Dollar (NZD) failed to find much support either as the global markets turned cautious in the wake of troubling news from China and Ukraine.](https://www.exchangerates.org.uk/go/loading.php?q=torfx2) Providing some support to Sterling today is the return to lower gilt yields. Rebecca McDonald, Chief Economist at the Joseph Rowntree Foundation, said: The Pound New Zealand Dollar (GBP/NZD) exchange rate initially weakened on Wednesday in the wake of UK annualised CPI hitting 40-year highs once again.

At time of writing the GBP/USD exchange rate is at around $1.1126, which is down roughly 0.8% from this morning's opening figures. Pound (GBP) Slips as Retail ...

A new Prime Minister could be chosen as early as Monday, although a closer race could lead to jitters in the markets. For the US Dollar, Monday’s PMI figures could lend support to the currency if they print as expected. Tuesday’s data releases from the Confederation of British Industry (CBI) could also weigh on the Pound if they print as forecast. Bets on Sterling are likely being limited as markets await the outcome of the contest. Drastically higher-than-forecast UK government borrowing is also likely pushing the Pound lower today. A sharp rise in government borrowing could also be denting enthusiasm for the pair.

The pound sterling -- regarded as the world's oldest currency still in use since its inception more than a thousand years ago -- is almost as volatile as ...

It’s been almost a year since Bitcoin hit a record around $68,000. It’s now trading at about $19,000. Here’s a look at the 30-day volatility for both:

This daily timeframe highlights how the dollar has dominated over the course of 2022, with a clear downtrend bringing repeated revisits to trendline resistance.

[AUD/USD](/uk/forex/markets-forex/aud-usd) has failed to muster much of a recovery of late, with the price only managing to rise into the prior swing low of $0.6363. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. [GBP/USD](/uk/forex/markets-forex/gbp-usd) has seen selling pressure taking hold over the back end of the week, with the price having rallied back up into trendline resistance once again. With the UK finding itself without a leader once again, there is certainly some uncertainty over the direction of the country. No representation or warranty is given as to the accuracy or completeness of this information. The wider trend does remain resolutely bearish, with expectations of higher interest rates and economic contraction likely to bring additional dollar strength. A break below $0.617 brings a confirmation signal that the next leg lower is starting. This daily timeframe highlights how the dollar has dominated over the course of 2022, with a clear downtrend bringing repeated revisits to trendline resistance. We use a range of cookies to give you the best possible browsing experience. [EUR/USD](/uk/forex/markets-forex/eur-usd) has been largely consolidating over the past week, with the gains seen in the early part of the week giving way to a drift lower as we head towards the weekend.

GBP/USD is trading close to weekly lows below 1.1200. Economists at ING believe that the pair could be back at 1.05 by year-end. EUR/GBP may struggle.

The author makes no representations as to the accuracy, completeness, or suitability of this information. Broad dollar’s weakness and a suspected intervention sees the pair trading below the 147.00 threshold. Financial markets suffered a dramatic U-turn ahead of the weekly close. Over the past month, whales holding one million or more ETH collectively accumulated 3.5 million more Ethereum. The author will not be held responsible for information that is found at the end of links posted on this page. The author has not received compensation for writing this article, other than from FXStreet. It also does not guarantee that this information is of a timely nature. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. [EUR/USD recovers beyond 0.9800 ahead of the weekend](https://www.fxstreet.com/currencies/eurusd) Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress.

(Updated 15:15, 21/10/22) The Pound Australian Dollar (GBP/AUD) exchange rate continued to tumbled today as economic and political instability rocks the UK.

Looking ahead, we may see the volatility that has characterised the Pound in recent weeks continue. Previous leadership hopefuls Rishi Sunak and Peny Mordaunt are in the top three, alongside former PM Boris Johnson, who was deposed by the parliamentary party earlier this year. The conflict seemingly entered a new stage in early October, dashing hopes that there might soon be an end to the crisis. This in turn is denting consumer spending, thereby slowing the economy. Domestic sales in the UK contracted by a whopping 1.4% in September, far worse than the expected 0.5% contraction. More political uncertainty or drama will likely hurt Sterling. Markets seem concerned that whoever wins will struggle to unite a divided Conservative Party and lead the country in a time of economic crisis. These drones have allegedly been Following Liz Truss’s resignation yesterday, the Tories are holding their second leadership election this year. With rising interest rates and 40-year-high inflation, people are struggling with the cost of living. [Pound Australian Dollar (GBP/AUD) exchange rate](https://news.torfx.com/categories/gbp-to-aud/) slipped this morning as UK retail sales revealed a further contraction, raising concerns about the UK economy at a critical juncture. (Updated 15:15, 21/10/22) The Pound Australian Dollar (GBP/AUD) exchange rate continued to tumbled today as economic and political instability rocks the UK.

We're seeing another fresh round of bids in the dollar as Treasury yields continue to pull higher on the day. 10-year yields are up nearly 10 bps to 4.32% ...

"On the balance of things, it's still tough to look at the pound with much confidence and the daily chart also points to some technical resistance via a trendline from the recent highs. "As the UK gilts crisis dies down, the focus for the currency turns towards the economic outlook and BOE outlook again. Considering the fact that the pound itself is short of any confidence amid a rather bleak UK outlook, it's tough to fight the prevailing narrative.

British Pound Sterling 30-day volatility is almost as high as Bitcoin as the United Kingdom economy faces a tough month of uncertainty.

[CoinGecko](https://www.coingecko.com/en/coins/bitcoin). [recently forecasted](https://beincrypto.com/author-predicts-us-dollar-crash-2023-precede-bitcoin-buying-opportunity/) the U. Kiyosaki believes that investors are becoming alarmed by the British Pound and the Euro instability. This market trend emerged as [inflation](https://beincrypto.com/learn/protect-yourself-from-inflation-using-cryptocurrency/) hits living costs, gas prices soar, and the pound weakens in the international market. “We have only seen it in developing countries’ currencies like with the Turkish Lira. Which also sparked £6 billion worth of Bitcoin-pound trading in the following days. Reports also recently noted that the pound moved sideways with respect to the U.S. What will be the crypto impact based on sentiments and regulations? This has been a notable event considering that BTC, which was born in 2009, seems to be no more volatile than one of the world’s oldest currencies, the British Pound. dollar after the September mini-Budget. They are advating for less centralized control over currencies. [volatility](https://beincrypto.com/learn/what-causes-bitcoins-volatility/) is almost as high as [Bitcoin](https://beincrypto.com/price/bitcoin/) as the U.K.