GBP/USD stays under 1.3650 before UK inflation reports
GBP/USD remains under pressure ahead of UK inflation and retail price index data release. The US dollar may struggle as the Federal Reserve is anticipated to execute 25 basis-point rate cuts on Wednesday. The likelihood of multiple rate cuts from the Fed this year seems stronger after positive US retail sales figures. The GBP/USD pair […]
What is the timing of the UK Jobs Report and what impact might it have on GBP/USD?
The unemployment rate in the UK held steady at 4.7% in the three months leading up to July. In August, claims in the UK increased by 17.4K. The GBP/USD pair has reached a two-month high, surpassing 1.3600 after the employment data was released. According to data released by the National Bureau of Statistics (ONS) on […]
GBP/USD Outlook for 15/09: Challenging Resistance (Chart)
Created on September 15th, 2025 The British pound dipped slightly early on Friday, but there seems to be a solid group of buyers ready to step in, potentially pushing the currency above the significant 1.36 mark. This level is a major resistance point, and breaking past it could trigger a wave of new buying interest. […]
Dollar Faces Stress Ahead of Possible Fed Rate Cut: Insights for EUR/USD, GBP/USD, USD/CAD, USD/JPY
In recent developments, a new cryptocurrency regulation proposal is stirring up discussions among financial experts and traders. The idea is to establish a more stringent framework that would govern digital assets, aiming to enhance market integrity and protect investors. This initiative comes amid ongoing concerns about the volatility of cryptocurrencies and the security risks involved […]
Weekly Currency Outlook for DXY, EURUSD, GBPUSD, and XAUUSD (September 15-19, 2025)
Is the US dollar poised to break out of its current range, or will we see more fluctuations next week? Last week, there were updates like a rate decision from the ECB, a softer CPI, and a hotter PPI. Yet, the charts suggest a clear conclusion. The weekly Forex forecast today discusses trade plans for […]
What are the UK data release dates and how might they influence GBP/USD?
UK Economic Update UK GDP showed no growth in July, matching the forecast. GBP/USD remains stable around 1.3550 after the economic report. The UK economy remained flat in July, with GDP recorded at 0%, following a 0.4% increase in June. Analysts had anticipated no growth during this period. Additionally, the service index for July showed […]
GBP/USD remains steady above 1.3500, maintains silence following RICS Housing Price Balance
GBP/USD remains stable as the UK’s RICS home price balance dropped to -19% in August. The US dollar may weaken due to easing PPI expectations that had relaxed in September. Stronger US consumer price index data for August could raise the chances of a potential FED rate reduction next week. GBP/USD hasn’t changed much for […]
GBP/USD keeps approaching 1.3550 as US CPI inflation data is expected.
GBP/USD saw modest gains on Wednesday while participants wait for the upcoming inflation report. US PPI inflation moderated in August, casting a favorable light on the Fed’s upcoming decision. US CPI inflation is set for release on Thursday, which may complicate the Fed’s path regarding future rate reductions. On Wednesday, GBP/USD made a slight bullish […]
GBP/USD Outlook for 10/09: Faces Challenges at Resistance (Video)
Created on September 10th, 2025 The British pound made an attempt to rise during Tuesday’s trading but faced challenges around the 1.36 mark. This level was previously significant resistance and has shown its influence again after the recent surge. The US remains the top player on the global stage It feels a bit odd to […]
GBP/USD Price Outlook: Key resistance level appears around 1.3600, traders look ahead to US PPI announcement
GBP/USD is expected to rise to around 1.3540 during the early European session on Wednesday. The optimistic outlook for the pair is evident beyond the 100-day EMA, reinforced by bullish RSI indicators. Immediate resistance levels seem to be in the 1.3585-1.3600 range, while the first support to monitor is at 1.3496. The GBP/USD pair is […]