The British pound experienced a notable increase against the US dollar, which is currently one of the weakest currencies following the release of the Non-Farm Payroll (NFP) job report. The report's data fell short of expectations, leading to a rise in GBPUSD of over 1.50%. The FTSE 250 index has also climbed for the sixth consecutive day, reflecting a renewed interest in UK assets.
Dollar weakness following today's release of NFP data from the US. Source: xStation 5
Market participants are now fully anticipating two rate cuts from the Bank of England next year, even though Governor Andrew Bailey suggested otherwise in a recent interview.
GBPUSD pair has surged to a six-week high, breaking through key technical resistance levels. The currency pair shows short-term strength. Source: xStation 5
Hopes for quick Iran/ US talks dashed, but market sentiment holds up
Economic Calendar - Final Eurozone Inflation and U.S. Industrial Production (16.04.2026)
Morning Wrap: Records on Wall Street in anticipation of the opening of the Strait of Hormuz (16.04.2026)
Daily summary: The market pauses at the top
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
