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GBP/JPY rebounds sharply on Wednesday as the British Pound (GBP) strengthens across the board following an upward revision to UK economic growth. At the time of writing, the cross trades around 208.65 after recovering from 206.89 earlier in Asian trading hours, the lowest since December 2025. However, the upside may remain limited in the near term, with intervention warnings from Japanese officials keeping the Japanese Yen’s (JPY) losses in check. Pound Sterling Price Today The table below shows the percentage change of British Pound (GBP) against listed major currencies today. British Pound was the strongest against the Australian Dollar. USDEURGBPJPYCADAUDNZDCHFUSD-0.12%-0.41%-0.13%-0.01%0.32%-0.04%0.06%EUR0.12%-0.27%-0.02%0.11%0.42%0.10%0.19%GBP0.41%0.27%0.25%0.40%0.70%0.39%0.48%JPY0.13%0.02%-0.25%0.11%0.46%0.09%0.22%CAD0.01%-0.11%-0.40%-0.11%0.34%-0.01%0.11%AUD-0.32%-0.42%-0.70%-0.46%-0.34%-0.33%-0.22%NZD0.04%-0.10%-0.39%-0.09%0.01%0.33%0.10%CHF-0.06%-0.19%-0.48%-0.22%-0.11%0.22%-0.10%…

The rupee appreciated 13 paise to close at 95.81 (provisional) against the US dollar on Wednesday as crude oil prices retreated from their elevated levels and tracking an overnight decline in the US Dollar index.Forex traders said easing US Treasury yields from multi-decade highs also supported the rupee. However, weak domestic markets capped sharp gains for the domestic unit.At the interbank foreign exchange market, the rupee opened at 95.87, then lost ground and touched an intraday low of 95.98 against the American currency. At the end of Wednesday’s trading session, the domestic unit was quoted at 95.81 (provisional) against the…

The Reserve Bank of India likely intervened in the foreign exchange market on Wednesday, four traders told Reuters, signalling that the central bank intends to keep up its support for the currency amid a volatile global backdrop.The rupee was last quoted at 95.97 per dollar, little changed on the day.State-run banks were spotted offering dollars, most likely on behalf of the RBI, the traders said. Offers were concentrated around the 96 per dollar mark, one of them added.The RBI has been managing the rupee via frequent interventions by using its increased FX reserves firepower to prevent external pressures from translating…

USD/CHF continues its winning streak for the sixth successive trading day, trading near its 16-month high of 0.8358 during Asian hours on Wednesday. The currency pair appreciates as the US Dollar (USD) gains ground, backed by firming market expectations for additional Federal Reserve (Fed) interest rate hikes.CME FedWatch Tool data indicates that traders are currently pricing in nearly a 68% probability of a rate hike in October and a 95% likelihood of a 25-basis-point increase in December. Market focus now shifts to Friday’s upcoming US Nonfarm Payrolls report, with economists anticipating an addition of 90,000 jobs in September and the…

The rupee faces a less challenging backdrop on Wednesday, after ​a fall in US rate-hike expectations and slightly softer ‌oil tempered pressure on a currency that has ​needed regular central bank support.The rupee ⁠is expected to open at 95.94-95.99 per dollar, according to traders after closing Tuesday at 95.98. It fell to ‌a two-month low of 96.1475 before recovering amid likely Reserve Bank of India ‌intervention.Over the past few weeks, the rupee ‌has ⁠repeatedly needed RBI intervention to moderate its ⁠decline, with high oil prices, rising US Treasury yields, weak portfolio flows and increased hedging demand weighing on it.The RBI…

The dollar stood near this year’s high versus the euro on Wednesday and was poised for the largest monthly rise against it for 14 months, powered by US growth and rising US interest rates in contrast to the energy and debt worries swirling in Europe.Overnight, the euro dipped to its lowest since May 2025, at $1.1312, and traded nearby at $1.1339 in Asia. The euro is also testing support around 178 yen.Through September the dollar is up nearly 2.5% on the euro, and the rising greenback also pushed its Australian counterpart below 70 cents for the first time since early…

Mediators are making a renewed push to advance an agreement between the United States (US) and Iran, the Financial Times reported on Tuesday. This move came after US President Donald Trump said he had rejected an Iranian proposal to reopen the Strait of Hormuz and restart talks on ending the war.Any further talks are expected to focus on the latest amended draft of a proposed interim agreement to Iran last week on the sidelines of the United Nations General Assembly, an official briefed on the negotiations said.Under the terms of the deal, which mediators hope will revive talks on a…

Alexander DeMarco, the Governor of the Central Bank of Malta and member of the Governing Council of the European Central Bank (ECB), crossed the wires on Tuesday, saying that “stronger core inflation” could be a reason for the central bank to act, saying that he supports a rate hike in October.In the September 10 meeting, the ECB decided to lift rates in the three key ECB interest rate facilities by 25 basis points, mentioning that the “Middle East continues to generate inflation pressures, and inflation is set to remain well above target for an extended period.”As of writing, money markets…

European Central Bank (ECB) José Luis Escrivá said on Tuesday that they are still in not restrictive territory, as reported by Reuters.Escrivá flags long-term rate risks but stops short of calling policy restrictiveFXS Speechtracker scores Escrivá at 6.2/10, slightly above the historic 6/10 baseline, pointing to a modestly more cautious tone. By stating that policy is “still not in a restrictive territory,” Escrivá leans mildly dovish on near-term Euro rate settings, yet the focus on the global upward trajectory of long-term rates and the pressure this can add to interest rates introduces a clear warning signal for bond markets.The concern…

Kolkata: The Indian rupee breached the 96 level against the US dollar Tuesday for the first time since mid-July while likely central bank intervention helped the currency close almost flat at 95.98 a dollar.The rupee was seen at 96.1450 level in early trades, down 17 paise from Monday’s close of 95.9825. It opened weaker at 96.05 level, as renewed surge in crude oil prices deepened concerns over imported inflation.Persistent intervention by the Reserve Bank of India helped the currency bounce back to 95.95 before closing steady, treasury professionals said.The RBI has been intervening to prevent the rupee from trading past…