GBP/USD Weekly Forecast: A Bumpy Road for GBP/USD

GBP/USD Weekly Forecast: A Bumpy Road for GBP/USD

August 22, 2020 at 09:00PM

UK-EU trade talks remain at an impasse. Chair Powell Jackson Hole speech the main focus. Continue Reading…

From: Justin McQueen
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DailyFX - Market News Justin McQueen Topbanner

Eurozone CFTC EUR NC Net Positions up to €990K from previous €91.8K 12 December 2025

Eurozone CFTC EUR NC Net Positions up to €990K from previous €91.8K

United States CFTC S&P 500 NC Net Positions fell from previous $-163.9K to $-1474K 12 December 2025

United States CFTC S&P 500 NC Net Positions fell from previous $-163.9K to $-1474K

Australia CFTC AUD NC Net Positions fell from previous $-71.6K to $-759K 12 December 2025

Australia CFTC AUD NC Net Positions fell from previous $-71.6K to $-759K

United States CFTC Oil NC Net Positions up to 692K from previous 74.9K 12 December 2025

United States CFTC Oil NC Net Positions up to 692K from previous 74.9K

Japan CFTC JPY NC Net Positions up to ¥312K from previous ¥51.3K 12 December 2025

Japan CFTC JPY NC Net Positions up to ¥312K from previous ¥51.3K

United States CFTC Gold NC Net Positions: $2103K vs $202.3K 12 December 2025

United States CFTC Gold NC Net Positions: $2103K vs $202.3K

United Kingdom CFTC GBP NC Net Positions dipped from previous £-55K to £-793K 12 December 2025

United Kingdom CFTC GBP NC Net Positions dipped from previous £-55K to £-793K

Trump eyes Warsh and Hassett as top contenders to replace Powell in 2026 - WSJ 12 December 2025

In an interview with the Wall Street Journal, the US President Donald Trump revealed that he is leaning on former Fed Governor Kevin Warsh and also on the National Economic Council Director Kevin Hassett to lead the Federal Reserve since May 2026.

Silver Price Analysis: Drops after hitting all-time high, retracement risk looms 12 December 2025

Silver prices plunges after hitting an all-time high (ATH) of $64.65 losses 2.75% as investors book profits ahead of the weekend, as Federal Reserve officials remain divided about future monetary policy meetings. At the time of writing, XAG/USD trades at $61.84.

Gold remains bid as lack of Fed clarity and geopolitical frictions persist 12 December 2025

Gold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353. At the time of writing, XAU/USD trades at $4,302 as traders digest comments from Federal Reserve (Fed) officials.

Dow Jones Industrial Average retreats from record highs but poised for weekly gain 12 December 2025

The Dow Jones Industrial Average (DJIA) retreated from record intraday highs on Friday alongside its major index peers as investors continued rotating out of technology and into value-oriented sectors. The Dow briefly hit a new intraday record before pulling back 0.30%.

AUD/USD steadies as focus shifts to PMIs, US Nonfarm Payrolls and CPI 12 December 2025

The Australian Dollar (AUD) holds firm against the US Dollar (USD) on Friday as traders look past this week’s Reserve Bank of Australia and Federal Reserve (Fed) monetary policy announcements and reassess the near-term interest-rate outlook.

United States Baker Hughes US Oil Rig Count increased to 414 from previous 413 12 December 2025

United States Baker Hughes US Oil Rig Count increased to 414 from previous 413

Pound Sterling Price News and Forecast: GBP/USD drops as UK GDP shrinks for second straight month 12 December 2025

The Pound Sterling (GBP) faces selling pressure against its major peers on Friday following the release of the United Kingdom (UK) Gross Domestic Product (GDP) data for October. The GDP report showed that the economic growth contracted again by 0.1%, missing expectations of a 0.1% expansion.

EUR/USD stable near 1.1740 as Fed officials suggest a pause in easing 12 December 2025

EUR/USD holds firm at around 1.1741 on Friday, virtually unchanged, amid a parade of Federal Reserve (Fed) officials crossing the wires, following last Wednesday's 25 basis points rate cut.

GBP faces headwinds despite budget relief – Rabobank 12 December 2025

The Pound Sterling (GBP) remains under pressure heading into 2026 amid flat UK growth and the Bank of England’s ongoing easing cycle.

Copper hits record near $12,000 – Commerzbank 12 December 2025

Copper prices surged to nearly $12,000 per ton following the Fed’s rate cut, up 36% year-to-date amid concerns that supply may lag rising demand.

Silver hits record high at $64.3 – Commerzbank 12 December 2025

The price of Silver is currently skyrocketing. Yesterday, the price reached a new record high of $64.3 per ounce, Commerzbank's commodity analyst Carsten Fritsch notes.

JPY softens ahead of BoJ policy decision – Scotiabank 12 December 2025

The Japanese Yen (JPY) is slightly weaker versus the US Dollar (USD), underperforming most G10 currencies, as markets await next week’s BoJ meeting where a 25bps rate hike is widely expected.

WTI Price Forecast: Bearish technical setup keeps WTI capped below $60.00 12 December 2025

West Texas Intermediate (WTI) Crude Oil remains under pressure on Friday, with prices struggling to find traction as persistent oversupply concerns continue to dominate market sentiment.

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August 22, 2020 at 09:00PM

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