Forex Market Today | XForex Trade

GBP/USD Plummets to Seven-Month Low Amid Reeves’s Tax Alert

November 6, 2025November 5, 2025 by XForex Trade Updates

The GBP/USD saw a drop on Wednesday, reaching 1.3041, its lowest level since April 2025. This movement showcases how traders are adapting to fresh fiscal uncertainties and the growing gap between the Bank of England and the U.S. Federal Reserve. The recent shift indicates Sterling’s third consecutive weekly downturn, extending its two-week decline to over … Read more

USD/JPY Rises as Yen Strengthens in Risk-Off Trade

November 5, 2025November 4, 2025 by XForex Trade Updates

During a risk-off session on Tuesday, the Japanese yen emerged as the strongest among the major currencies, with the US dollar closely trailing behind. A notable drop in Palantir’s stock, despite an optimistic forecast, along with cautions from the CEOs of Goldman Sachs and Morgan Stanley that a pullback might be “healthy,” significantly impacted market … Read more