The Pound to Euro (GBP/EUR) exchange rate edged higher at the start of the week as softer German consumer data weighed on the single currency while an upward revision to UK manufacturing activity provided modest support for Sterling. At the time of writing, GBP/EUR was trading around €1.1555, up roughly 0.2% on the day.
The Pound to Dollar (GBP/USD) exchange rate moved lower on Monday as escalating tensions in the Middle East and stronger-than-expected US economic data boosted demand for the safe-haven US Dollar. At the time of writing, GBP/USD was trading around $1.3423, down more than 0.2% on the day.
GBP/USD Price Forecast: Trades just above mid-1.3400s; Iran peace doubts cap upside
The short‑term Elliott Wave outlook for GBPUSD indicates that the rally from the March 31, 2026 low is progressing as a five‑wave impulse. From that date, wave 1 concluded at 1.3658, followed by a corrective pullback in wave 2 that ended at 1.33.
Pound Sterling Price News & Forecast: GBP/USD posts modest gains near 1.3460
The British Pound found support at 1.3300 against the US Dollar. GBP/USD started a recovery wave above 1.3380 and 1.3420 before the bears appeared.
Pound Sterling Price News and Forecast: GBP/USD holds firm as US-Iran tensions boost Greenback
The US dollar has seen a little bit of strength against other currencies on Monday, but we continue to see more or less a range for most currency pairs at this point in time.
GBP/USD Price Forecast: Pound hesitates around 1.3450 amid geopolitical woes
With the stable Middle East truce reducing geopolitical risk premium, the Dollar gained ground amid shifting risk sentiment. DXY held steady at $99.03, EUR/USD defended blue trendline support, and GBP/USD maintained bullish structure above $1.343.
The Pound to Canadian Dollar (GBP/CAD) exchange rate edged lower last week as concerns over the UK's labour market outlook offset weakness in the Canadian Dollar caused by softer oil prices and disappointing economic data. At the time of writing, GBP/CAD was trading around CA$1.8519, down approximately 0.2% over the week.
The Pound to Australian Dollar (GBP/AUD) exchange rate experienced significant volatility last week as shifting expectations surrounding the Middle East conflict and Australian interest rates drove sharp swings in sentiment. At the time of writing, GBP/AUD was trading around AU$1.8761, down approximately 0.5% over the week.