GBP/USD paves the way for a move towards 1.3600
GBP/USD has seen a notable recovery, surpassing the 1.3500 mark. The US dollar is starting the week on a weak note, dropping to several-week lows. The US market will be closed on Monday for Labor Day. The British Pound (GBP) rebounded quickly from some earlier setbacks on Friday and stabilized as Monday rolled around, pushing […]
U.S. Dollar Weakens Even with Positive GDP Figures: Insights on EUR/USD, GBP/USD, USD/CAD, USD/JPY
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GBP/USD rises past 1.3500 as strong US data limits US Dollar
GBP/USD Gains Amid Mixed Economic Data GBP/USD increases by 0.19% despite disappointing US GDP figures. Jobless claims remain low at 229K, though NFP revisions point to a weaker labor market. UK inflation continues as producer prices rise, complicating BOE rate predictions. During the North American trading session, GBP/USD saw a rise following economic reports from […]
GBP/USD falls near 1.3500 as US GDP exceeds expectations, with PCE in view.
GBP/USD Movement After US GDP Growth GBP/USD has dipped below the 1.3500 mark following a robust 3.3% growth in US GDP for the second quarter. The US dollar is facing some pressure as expectations of a dovish Federal Reserve grow. Traders are looking forward to the upcoming July PCE Inflation Report for insights on financial […]
GBP/USD holds steady near 1.3500 before Q2 US GDP figures.
GBP/USD may recover due to increasing worries about the Federal Reserve’s autonomy. The departure of Fed Governor Cook might enhance the likelihood of interest rate cuts. CBI retail sales improved slightly from -34 in July to -32 in August, diverging from expectations of -33. GBP/USD has remained stable after two days of gains, trading around […]
GBP/USD Update 26/08: On the Verge of a Bullish Shift (Chart)
Created on August 26, 2025 Positive Outlook Buy GBP/USD and aim for a target of 1.3600. Set a stop loss at 1.3350. Time frame: 1-2 days. Negative Outlook Sell GBP/USD and target 1.3350. Implement a stop loss at 1.3600. The GBP/USD exchange rate has declined as the US dollar index made a recovery on Monday. […]
GBP/USD Price Prediction: Positive outlook continues around 1.3450
GBP/USD is projected to show a slight loss around 1.3450 in the early hours of the European session on Tuesday. Despite a generally positive outlook for the pair beyond the 100-day EMA, further integration seems to be the preference as the RSI indicators sit around neutral levels. The immediate resistance level is identified at 1.3585, […]
GBP/USD sees selling pressure beneath 1.3500 due to increased demand for the US Dollar.
GBP/USD is expected to decline to about 1.3495 during Monday’s Asian session. Federal Reserve Chair Powell has hinted at potential interest rate cuts. High UK inflation figures from July decrease the chances of a BOE rate cut this year. The GBP/USD pair is likely to face selling pressure, nudging down to around 1.3495 in the […]
Weekly Currency Outlook for DXY, EURUSD, GBPUSD, USDCHF, and XAUUSD (August 25-29, 2025)
The forex market has transformed what seemed like a calm Friday into quite a tumultuous scene, thanks to remarks from Fed Chair Powell. It’s worth taking a look at some strategies for next week, especially for trading plans regarding DXY, EURUSD, GBPUSD, USDCHF, and XAUUSD. US Dollar Index (DXY) Outlook The DXY stayed positive for […]
GBP/USD rises above 1.3500 as Powell adopts a dovish stance
The GBP/USD is hovering around 1.3500 as Federal Reserve Chairman Jerome Powell hints at a possible easing cycle in his speech at Jackson Hole. Powell noted, “The risk of setbacks in the labor market is increasing,” with the probability of cuts in September rising from 75% to 90%. Regarding the Fed’s balance, he mentioned that […]