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The Pound to Canadian Dollar (GBP/CAD) exchange rate strengthened on Wednesday after the Bank of Canada maintained interest rates and struck a cautious tone on the outlook for monetary policy. At the time of writing, GBP/CAD was trading at CA$1.8903, up around 0.4% on the day.
Forex
The Pound to Dollar (GBP/USD) exchange rate edged higher on Wednesday as investors continued to scale back Federal Reserve interest rate expectations following weaker-than-expected US inflation data. At the time of writing, GBP/USD was trading around $1.3404, up modestly on the day.
Silver Price Forecast: XAG/USD tumbles to near $57 as inflation projections remain de-anchored
Euro: Bullish bias builds above key support against US Dollar – UOB
USD/JPY Price Forecast: Dollar eases to 162.00, forming a triangle pattern
Pound Sterling Price News and Forecast: GBP/USD posts modest losses near 1.3535
GBP/USD Price Forecast: Maintains constructive uptrend above 1.3500 despite mild losses
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold falls, according to FXStreet data
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Pakistan Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Malaysia Gold price today: Gold falls, according to FXStreet data
AUD/JPY Price Forecast: Declines below 113.50, while maintaining bullish near‑term structure
Gold declines as Iran tensions fuel inflation risks, revive Fed hike bets and support USD
Sterling extended its rally after reports that incoming Prime Minister Andy Burnham has decided on a fiscally conservative Chancellor. The Pound outperformed broadly, with the strongest gains seen against the Euro and Swiss Franc as both EUR/GBP and GBP/CHF broke out of established technical channels, suggesting investors are beginning to price a more durable revaluation of UK assets rather than merely covering short positions.
EUR/JPY Price Forecast: Positions near ascending triangle top around 186.00
Silver Price Forecast: XAG/USD falls to near $57.00 amid Middle East tensions
Since forming the all‑time high at $121.6 on January 29, 2026, Silver (XAG/USD) has entered a pronounced correction. The decline has unfolded with a clear Elliott Wave structure, and the ideal extreme target remains the 100% Fibonacci extension at $38.8.
PBOC sets USD/CNY reference rate at 6.7909 vs. 6.7910 previous
