Brazil Retail Sales (MoM) registered at 0.5% above expectations (0%) in March

May 13, 2026

GBP/USD Price Forecast: Extends decline below 20-day EMA

The GBP/USD pair is down 0.25% to near 1.3500 during the European trading session on Wednesday. The Cable faces selling pressure as the US Dollar (USD) trades firmly due to growing expectations that the Federal Reserve (Fed) will deliver at least one interest rate hike this year.

Gold hovers near $4,700 as higher-for-longer rate outlook limits upside

Gold (XAU/USD) consolidates minor losses on Wednesday as the US Dollar (USD) extends its recovery amid persistent uncertainty over US-Iran talks and growing expectations that the Federal Reserve (Fed) could keep interest rates higher for longer.