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The Pound to Canadian Dollar (GBP/CAD) exchange rate slipped last week as mounting anxiety surrounding the UK’s upcoming autumn budget continued to weigh on Sterling sentiment. Latest — Exchange Rates: Pound to Canadian Dollar (GBP/CAD): 1.84439 (+0.19%) Euro to Canadian Dollar (EUR/CAD): 1.61887 (+0.2%) Dollar to Canadian Dollar (USD/CAD): 1.40672 (+0.36%) WEEKLY RECAP: The Pound (GBP) spent much of last week under pressure amid deepening concerns over the UK’s fiscal outlook.

The Pound to Australian Dollar (GBP/AUD) exchange rate came under pressure last week as fears surrounding the UK’s upcoming autumn budget weighed heavily on Sterling sentiment.

The Pound to New Zealand Dollar (GBP/NZD) exchange rate weakened last week as mounting UK autumn budget concerns weighed on Sterling, before stabilising into the weekend.

The Pound Euro (GBP/EUR) exchange rate plunged to a near two-and-a-half-year low last week as growing anxiety around the UK autumn budget weighed heavily on Sterling. Latest — Exchange Rates: Pound to Euro (GBP/EUR): 1.13981 Pound to Dollar (GBP/USD): 1.31507 Euro to Dollar (EUR/USD): 1.15377 DAILY RECAP: The pound slumped last week as concerns deepened over the UK’s fiscal outlook ahead of the autumn budget.

The Pound US Dollar (GBP/USD) exchange rate slumped to a six-month low last week as UK fiscal anxiety intensified ahead of the Autumn Budget and markets repriced Bank of England easing risks.

Pantheon Macroeconomics UK Forecast: Softer Inflation Brings December Rate Cut into View Growth Resilient, Inflation Softens UK economists at Pantheon Macroeconomics expect the UK economy to grow 0.2% in Q3, citing firm activity data and improving sentiment. “GDP and retail sales have held up better than feared,” the firm said. “The flash PMI also shows business confidence edging higher.” The consultancy believes growth will remain modest but steady.

The Euro to US Dollar (EUR/USD) exchange rate ended the week near 1.1607, after briefly dipping below 1.16 as the US dollar strengthened across G10 currencies. EUR/USD has eased around 0.4% this week, slipping from highs near 1.165 earlier in the week despite slightly better-than-expected Eurozone GDP data. Danske Bank described the euro’s pullback as part of a “tactically bearish but strategically bullish” outlook.

The gold price ended the week at $4,002 per ounce, down 0.94% on Friday after a volatile few sessions that saw the metal briefly dip below $3,950 before recovering. Despite the recent correction from record highs, UBS says the pullback is temporary and continues to forecast gold at $4,200 per ounce, with an upside scenario of $4,700 if geopolitical or market risks intensify. “The much-anticipated correction has taken a breather,” UBS said.

The euro held firm on Thursday after the European Central Bank opted to keep interest rates unchanged, signalling growing confidence that inflation has returned sustainably to target. With inflation steady at 2%, growth slightly better than expected, and the euro supported by a cautious but stable policy stance, the ECB’s meeting proved relatively smooth compared with the hawkish tone seen from the Fed and BoC a day earlier.

The Australian dollar has traded broadly firmer across the G10, posting gains of 1.70% against the Swiss franc, 1.68% versus the pound, and modest losses of 0.51% against the US dollar and 0.75% versus the euro. The AUD/NZD cross is holding firm at 1.1451. Rabobank said the RBA may be nearing the end of its rate-cutting cycle, with the stronger-than-expected Q3 CPI print reinforcing the case for a pause at next week’s meeting.