The post GBP/USD could test sub-1.3200 levels/200-day SMA appeared on BitcoinEthereumNews.com. GBP/USD Forecast: Could test sub-1.3200 levels/200-day SMA; focus shifts to Fed’s Powell The GBP/USD pair attracts heavy selling during the early part of the European session on Tuesday and drops to mid-1.3200s, or its lowest level since early August, in reaction to the disappointing UK labor market report. Data published by the Office for National Statistics (ONS) showed that the UK ILO Unemployment Rate edged up to 4.8% in the three months to August, compared to 4.7% recorded in the previous month and consensus estimates. Further details revealed that the number of people claiming jobless benefits rose 25.8K in September, against a revised fall of 2.0K in August. Meanwhile, Average Earnings, including Bonus, increased by 5.0% during the quarter through August, beating expectations and the previous reading of 4.7%. That said, regular pay growth, excluding Bonus, eased to 4.7% during the reported period, down slightly from 4.8% previously and marking the weakest pace since March–May 2022. The data fuels speculations that the Bank of England (BoE) could continue cutting interest rates gradually and weighs heavily on the British Pound (GBP). This, along with renewed US Dollar (USD) buying, is seen exerting pressure on the GBP/USD pair. Read more… GBP/USD is under pressure after labour data GBP/USD is diving toward the two-month low of 1.3260 following the release of disappointing UK labor market figures. The unemployment rate unexpectedly rose to 4.8% in the three months to August, up from 4.7% in the previous quarter, while employment levels declined, adding pressure to the British pound. The pair is nearing a medium-term ascending trendline, which may act as a support level. A potential rebound from this area could shift attention toward the 23.6% Fibonacci retracement level at 1.3370, followed by resistance at the mid-level of the Bollinger Band and the 50-day simple moving… The post GBP/USD could test sub-1.3200 levels/200-day SMA appeared on BitcoinEthereumNews.com. GBP/USD Forecast: Could test sub-1.3200 levels/200-day SMA; focus shifts to Fed’s Powell The GBP/USD pair attracts heavy selling during the early part of the European session on Tuesday and drops to mid-1.3200s, or its lowest level since early August, in reaction to the disappointing UK labor market report. Data published by the Office for National Statistics (ONS) showed that the UK ILO Unemployment Rate edged up to 4.8% in the three months to August, compared to 4.7% recorded in the previous month and consensus estimates. Further details revealed that the number of people claiming jobless benefits rose 25.8K in September, against a revised fall of 2.0K in August. Meanwhile, Average Earnings, including Bonus, increased by 5.0% during the quarter through August, beating expectations and the previous reading of 4.7%. That said, regular pay growth, excluding Bonus, eased to 4.7% during the reported period, down slightly from 4.8% previously and marking the weakest pace since March–May 2022. The data fuels speculations that the Bank of England (BoE) could continue cutting interest rates gradually and weighs heavily on the British Pound (GBP). This, along with renewed US Dollar (USD) buying, is seen exerting pressure on the GBP/USD pair. Read more… GBP/USD is under pressure after labour data GBP/USD is diving toward the two-month low of 1.3260 following the release of disappointing UK labor market figures. The unemployment rate unexpectedly rose to 4.8% in the three months to August, up from 4.7% in the previous quarter, while employment levels declined, adding pressure to the British pound. The pair is nearing a medium-term ascending trendline, which may act as a support level. A potential rebound from this area could shift attention toward the 23.6% Fibonacci retracement level at 1.3370, followed by resistance at the mid-level of the Bollinger Band and the 50-day simple moving…

                                                                               BitGo’s move creates further competition in a burgeoning European crypto market that is expected to generate $26 billion revenue this year, according to one estimate.                     BitGo, a digital asset infrastructure company with more than $100 billion in assets under custody, has received an extension of its license from Germany’s Federal Financial Supervisory Authority (BaFin), enabling it to offer crypto services to European investors. The company said its local subsidiary, BitGo Europe, can now provide custody, staking, transfer, and trading services. Institutional clients will also have access to an over-the-counter (OTC) trading desk and multiple liquidity venues.The extension builds on BitGo’s previous Markets-in-Crypto-Assets (MiCA) license, also issued by BaFIN, and adds trading to the existing custody, transfer and staking services. BitGo acquired its initial MiCA license in May 2025, which allowed it to offer certain services to traditional institutions and crypto native companies in the European Union.Read more