GBP/USD Forecast: Dollar Strength Persists – 24 October 2025
The British pound fell sharply against the U.S. dollar on Thursday, testing key support near 1.32 amid persistent dollar strength and range-bound pressure.

        
            The British pound fell sharply against the U.S. dollar on Thursday, testing key support near 1.32 amid persistent dollar strength and range-bound pressure.
        
            Nvidia edged higher on Thursday, maintaining its uptrend near the 50-day EMA, with a breakout above $185 likely triggering a move toward $195–$200.
        
            The U.S. dollar continued its bullish push against the yen on Thursday, testing the crucial ¥153 level amid rising yields and diverging monetary policies.
        
            Gold rallied on Thursday, testing the $4,200 level as support after heavy losses, but remains vulnerable to a drop toward $4,000 if bullish momentum fades.
        
            The euro remained flat on Thursday, consolidating below key technical levels, with a break under 1.1550 potentially opening the door to deeper losses toward 1.14.
        
            The delayed US September CPI is set to be released at 14:30 CET. We forecast headline CPI at 3.1% y/y from 2.9% and core CPI inflation at 3.1% y/y from 3.1%. We see risks skewed towards a higher reading but think the bar for the Fed skipping its planned rate cut on 29 October is…