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See latest Pound forecasts including against the euro, US dollar and Swiss Franc here. The Pound to Swiss Franc exchange rate has climbed strongly in July, with GBP/CHF trading around 1.0830 after reaching a fresh 2026 high above 1.0880.
Forex
Summary:USD/CNY slipped below 6.78 after the People's Bank of China set another stronger-than-expected daily fixing, reinforcing support for the Chinese yuan. Markets see the PBOC allowing gradual yuan appreciation while avoiding excessive volatility through its daily reference rate and liquidity operations.
A medida que comienza la semana de negociación, el euro vuelve a mostrar un sesgo alcista de corto plazo después de la publicación de los datos de inflación en Estados Unidos, que han ayudado a relajar la fuerza del dólar estadounidense.
As the trading week begins, the euro is once again showing a short-term bullish bias after the release of inflation data in the United States, which has helped ease strength around the U.S. dollar.
The gold market rallied after the CPI numbers came out weaker than anticipated.
Silver rallied early on Tuesday, as we continue to see a lot of noisy behavior. At this point, the markets are confused as far as I can see.
British pound, GBP/USD and U.S. inflation are back in focus as Sterling struggles to extend its recovery. Michael Boutros, Senior Market Analyst at FOREX.com, examines the key technical levels that could determine the next move for GBP/USD, explains why resistance remains intact, and discusses how upcoming U.S. CPI, PPI and retail sales data could shape the outlook for the U.S. dollar and Sterling in the days ahead.
Euro: Rate support at risk against US Dollar with energy shock – ING
GBP/JPY Price Forecast: Buyers defend 216.50 as bullish trend continues
Gold managed to meet the target of 4050 and broke below it. Prices are still searching for support with the medium term support being at 3886.
USDJPY managed to pass above the short-term resistance zone of 161.95 which shows a strong advance still ongoing. Prices fell toward 160.50-70 on the suspected intervention before bouncing back.
GBPUSD managed to test the resistance zone at 1.3400-30 last week before a market correction. As we see over the previous chart and as long as prices remain below this resistance, another retreat toward 1.3305 and 1.3160 could hit the market.
EURUSD is still holding above the Intraday support at 1.1380 as traders await the U.S inflation data today. Traders need to watch the support of 1.1380 as the market still has a chance to move higher.
In the latest bank forecasts, the Indian rupee could recover against the US dollar over the coming months as foreign bond inflows return and domestic liquidity conditions improve, according to HSBC. The bank recommends selling the USD/INR exchange rate, arguing that recent policy measures should encourage overseas investment into India.
Escalating tensions between the US and Iran have once again pushed crude oil prices higher, providing further support for the US dollar. The greenback has performed particularly well against lower-yielding currencies, such as the Swiss franc, as investors seek both safety and higher returns while reassessing the inflation outlook.
AUD/USD Price Forecast: 20-day EMA continues to be key barrier
Gold clings to $4,000 as traders brace for US CPI
The US dollar posted its best day in three weeks on rumours of a US military blockade of the Strait of Hormuz. The escalation of the conflict in the Middle East enabled Brent to post its best daily percentage growth since 2020.
EUR/GBP has slid to its weakest level in a year, as the two currencies continue to follow increasingly divergent paths. The ECB's June hike—its first since 2023—was meant to signal renewed hawkishness, but the very next inflation print undercut that narrative: price growth cooled from 3.2% to 2.8%, enough for markets to now assign an 88% probability that policymakers will simply hold steady at their July 23 meeting.
Gold Price Forecast: XAU/USD rebounds above $4,000 with US CPI in focus
