The currency market is at a highly volatile and dynamic period, particularly with the GBP/USD pair, which is still facing strong bearish pressure 3. As of Thursday, the GBP/USD exchange rate fell to its lowest level since mid-May, nearing the 1.3200 area. This drop in usage occurs in the context of larger market transitions and uncertainty associated with trade tariffs.
The EUR/USD pair has shown resilience, maintaining its gains near the 1.1430 mark following the release of US economic data. It’s fallen back from those highs, though, coming back into the 1.430 territory. The contrasting performance among these two of the seven major currency pairs continue to show the heightened market volatility at hand.
The Federal Open Market Committee (FOMC) is divided on whether to ease monetary policy due to these tariff uncertainties. This divide is further contributing to the volatility in currency values. Time to sell the news Traders are watching these headlines closely as they’re moving the market sentiment.
Against this backdrop of currency fluctuations, gold has made an encouraging come-back, recently trading positive at just over $3,300 per troy ounce on Thursday. The bounce is more a function of a daily retracement in US yields across the curve. It is a measure of the fickle price movement of the US dollar. The precious metal’s decline is sometimes seen as a sign of recovery as investors go looking for risk, pulling back from safe haven assets.
If you’re actively seeking to trade the EUR/USD pair, many brokers offer impressive spreads on this popular pair in 2025. Many of these brokers offer quick execution and advanced platforms intended to increase the trading experience. An updated ranking of brokers will help traders identify the best brokers available to trade EUR/USD in 2023 and beyond.