GBP/USD rises above 1.3500 as the US Dollar weakens
GBP/USD is expected to rise to around 1.3525 during the early European trading on Wednesday. Concerns regarding customs policies and the independence of the Federal Reserve may weaken the US dollar. Increased fiscal pressure in the UK and potential cuts to BOE rates could enhance the pair’s appeal. The GBP/USD pair is projected to extend […]
GBP/USD maintains upward trend as the Dollar keeps losing strength
GBP/USD climbed above 1.3500 for the first time in over a week. The US dollar is continuing its retreat, which has increased demand for GBP. The PMI data is set to be released on Thursday, while trade and Fed news remain in focus. On Tuesday, GBP/USD saw its second consecutive day of gains, primarily due […]
GBP/USD rises slightly even with UK borrowing increasing as the Dollar falls further.
GBP/USD climbs to 1.3504 as the US dollar weakens for two days in a row. UK borrowing hit £20.7 billion in June, raising doubts about Reeves’ fiscal strategy. Investors are looking forward to key data from the UK PMI and the US, including unemployment claims and durable goods orders. Despite the significant rise in UK’s […]
GBP/USD slips below 1.3500 as uncertainty grows before August 1 tariff deadline
GBP/USD struggles as the US dollar remains steady amid heightened risk aversion. The U.S. Secretary of Commerce, Lutnick, has stated that August 1 is a firm deadline, though discussions will progress beyond that date. The Bank of England may cut or temporarily halt long-term bond sales due to diminished demand from usual buyers. After gaining […]
GBP/USD stabilizes as the US Dollar declines
The UK Pound Shows Signs of Strength Against the US Dollar The UK pound is trading at approximately 1.3470 GBP/USD as the US dollar faces pressure. In June, UK inflation rose to 3.6%, but unemployment climbed to 4.7%, complicating the Bank of England’s (BOE) rate outlook. Currently, the market expects a 70% chance the BOE […]
GBP/USD Price Outlook: Stays above 1.3400 even with a continued downward trend
GBP/USD Update GBP/USD might find initial support at 1.3365, reaching a two-month low. The 14-day relative strength index has dipped below 50, which strengthens the bearish outlook. Key resistance seems to be around the 1.3460 area, near the 9-day EMA. The GBP/USD pair is trading near 1.3420 during Asian trading hours on Monday, showing a […]
GBP/USD approaches 1.3450 as market sentiment improves, focus on UoM Consumer Sentiment
GBP/USD shows appreciation as the US dollar weakens following dovish comments from the Federal Reserve. Mary Daly, President of the San Francisco Fed, described the expectation of two interest rate cuts this year as a “rational” perspective. The pound found support from mixed employment figures in the UK. GBP/USD is poised to gain after trading […]
GBP/USD may decline further as sellers hold the upper hand.
GBP/USD breaches channel support, yet doji candles on the daily chart indicate a momentary pause in the trend. Momentum indicators suggest potential for deeper corrections as volatility rises and bulls find it hard to regain dominance. The GBP/USD weekly chart hints at a deterioration in the medium-term outlook. GBP/USD stands at a crucial point, caught […]
GBP/USD falls under 1.3400 before UK employment figures.
GBP/USD is set to drop as traders focus on upcoming UK employment data. The US dollar benefits from Fed expectations amid rising interest rate probabilities for July. Recent inflation figures from the UK have enhanced the chances that the Bank of England will keep its tight monetary policy. GBP/USD has lost value after a profitable […]
GBP/USD ends its decline as new weakness in the Dollar shifts market trends.
GBP/USD experienced significant volatility on Wednesday, breaking an eight-day losing streak. Political tension surrounding Trump, aimed at Powell, boosted the Greenback. US PPI inflation eased in June, reducing inflation concerns. On Wednesday, GBP/USD saw gains, ending its streak of losses as buyers stepped in to halt further declines. The Greenback faced pressure following President Trump’s […]