GBP/USD stays above 1.3400 before Fed Powell’s speech
Traders of GBP/USD are exercising caution ahead of Jerome Powell’s speech at the Jackson Hole Symposium. The preliminary S&P Global US Composite PMI increased to 55.4 in August from 55.1 previously. UK consumer confidence has improved, rising from -19 in July to -17 in August. GBP/USD has shown minimal movement following four days of losses, […]
GBP/USD falls more as US PMI strengthens Dollar before Jackson Hole.
GBP/USD Continues to Decline Amid US Dollar Strength The British Pound (GBP) has seen its value drop for the fourth consecutive day against the US Dollar (USD) on Thursday, falling below the 1.3450 mark. As of now, GBP/USD is trading around 1.3435, largely driven by the strength of the dollar and mixed economic signals from […]
Midweek Forex Forecast for DXY, EURUSD, GBPUSD, and XAUUSD
The market is still moving sideways, but the overall situation isn’t looking very enticing anymore. Today would be a good time to check out the Forex market, specifically how you’re trading DXY, EURUSD, GBPUSD, and XAUUSD. US Dollar Index (DXY) Outlook DXY seems to be at a crucial point. It recently rebounded from the 97.70 […]
GBP/USD falls as Fed Governor Cook faces fraud claims, UK inflation rises
GBP/USD declines as traders reduce risk following allegations against Fed Governor Cook regarding mortgage fraud. Trump contemplates firing Governor Cook, creating uncertainty about monetary policy and impacting the dollar’s performance. The UK Consumer Price Index (CPI) climbs to 3.8% year-on-year. 5% Trim BOE Rate Service CPI lowers 2025 forecasts. During the North American trading session, […]
GBP/USD maintains position around 1.3500 as ceasefire optimism balances Fed and UK inflation concerns
The GBP/USD is recovering from earlier losses, with increasing optimism regarding a potential resolution to the war, as discussions between Trump and Zelensky in Moscow seem possible. Fed’s Bowman continues to foresee three interest rate cuts by 2025, underlining a focus on employment while inflation cools down. The UK’s July CPI is anticipated to be […]
GBP/USD weakens before a week full of important data
GBP/USD declined on Monday, dropping 0.4% as the trading week began. The dollar saw a rebound after significant losses last week. This week’s quiet start will give way to important data releases and policy statements. GBP/USD kicked off a softer trading week, easing by about a quarter of a percent in the opening session. The […]
GBP/USD stays close to 1.3540 as traders look forward to the Ukraine-Russia outcome and Powell’s speech.
GBP/USD remains steady amid hopes for a ceasefire between Trump and Putin, offsetting a quiet economic calendar. Market awaits Powell’s speech at Jackson Hole, along with FOMC Minutes and US PMI data. The UK’s CPI is anticipated to be 3.7%, adding pressure on the BOE after a 25 bps cut in the last meeting. The […]
GBP/USD rises to nearly 1.3550 as US Retail Sales figures approach
GBP/USD climbed to roughly 1.3545 during early European trading on Friday. Traders are reassessing their expectations regarding interest rate cuts from the Fed after the latest PPI data came in hotter than anticipated. The UK economy showed a remarkable growth rate of 0.3% for the three months leading up to June. The GBP/USD exchange rate […]
GBP/USD ends its winning run following strong US PPI inflation data
GBP/USD decreased on Thursday, influenced by a rise in demand for the US dollar. US PPI inflation spiked in July, leading to a flight towards dollar safety. The market has adjusted its expectations for multiple Federal Reserve rate cuts by the year’s end. On Thursday, GBP/USD pulled back due to increasing US inflation data, which […]
GBP/USD Forex Signal for 14/08: Additional Gains for the Pound (Chart)
Created on August 14th, 2025 Optimistic Outlook Buy the GBP/USD pair with a target at 1.3675. Set a stop loss at 1.3425. Expected timeframe: 1-2 days. Pessimistic Outlook Sell GBP/USD pairs targeting 1.3425. Place a stop loss at 1.3675. The GBP/USD pair gained momentum as investors focused on earlier highs, thanks in part to a […]