Weak U.S. payrolls cut October Fed hike bets, but elevated yields keep DXY firm as EUR/USD breaks support and GBP/USD struggles below 1.3250.
GBP/USD starts the new week of October at 1.3237. The pound is seizing every opportunity to rebound from three-month lows after a weak US labour market report put pressure on the dollar.
British Pound: Rebound capped as downside bias lingers against US Dollar – UOB
GBP/USD Price Forecast: YTD low near 1.3140 to act as key support level
The Pound-Euro could consolidate near ten-week highs if UK data remains resilient, although stronger Eurozone releases may help the single currency recover. The Pound Euro (GBP/EUR) exchange rate strengthened last week, as growing expectations of a Bank of England (BoE) interest rate hike and stronger UK growth helped Sterling outperform.
GBP/USD multi-dimensional structural breakdown — Overhead 8TF supply fortress and downward liquidity vacuum
Pound Sterling Price News and Forecast: GBP/USD rebounds from 0.618 Arc
GBP/USD price outlook: British Pound/US Dollar rebounds from 0.618 arc
DXY holds above 101.76 as higher Treasury yields support the dollar, while EUR/USD and GBP/USD attempt recoveries ahead of September NFP.
The Pound-Australian Dollar could remain sensitive to risk appetite, with geopolitical tensions potentially weighing on the Aussie and supporting GBP/AUD. The Pound Australian Dollar (GBP/AUD) exchange rate touched a near six-week high on Wednesday night before retreating through Thursday as profit-taking set in and positive Australian.
GBP/USD Price Forecast: Likely retest YTD low near 1.3140
Pound Sterling Price News and Forecast: GBP/USD buckles as DXY nears 102 on US jobs, factory strength