What is the timing of the UK CPI data and what impact might it have on GBP/USD?
On Wednesday, data from the Office for National Statistics (ONS) indicated that the UK’s composite consumer price index (CPI) experienced a year-on-year increase of 3.0% in January, following a 3.4% rise in December. The market had anticipated a 3.0% growth during this period. It’s important to note that UK inflation remains significantly above the Bank […]
GBPUSD Analysis: GBPUSD approaches important retracement level following two-part drop
GBPUSD Analysis GBPUSD is showing two clear downward trends. The trading order is crucial, especially after reaching a high of 1.3661 yesterday. During the latter part of the Asian session and into the European session, the currency pair dropped from 1.3661 to 1.3550. This initial decline had momentum; sellers took charge and pushed prices past […]
GBP/USD Price Outlook: Critical point around 1.3600
GBP/USD Dynamics in European Trading On Tuesday, the GBP/USD pair managed to recover some of its earlier losses during European trading but is still down about 0.23%, hovering around the 1.3600 mark. The British pound faced notable selling pressure following the release of UK labor market data for the last three months of 2022, indicating […]
GBP/USD Forex Signal 16/02: a Recovery Expected (Chart)
Created on February 16, 2026 Bullish Perspective Consider buying the GBP/USD pair with a take profit set at 1.3785. Place a stop loss at 1.3550. Timeframe: 1-2 days. Bearish Perspective Think about selling the GBP/USD pair, aiming for a take profit at 1.3550. Set a stop loss at 1.3785. The GBP/USD exchange rate experienced some […]
Westpac aims for 1.22 in EUR/USD and 1.41 in GBP/USD over the long term
Westpac Forecasts a Weaker Dollar Amid Global Economic Shifts Westpac has indicated that the outlook for the dollar is leaning towards a decline, suggesting that risks are predominantly negative. Looking forward, U.S. economic growth is anticipated to exceed the trend in 2026, largely driven by consumer expenditure and technological investments. Despite this positive forecast, inflationary […]
GBP/USD Price Prediction: Approaching 1.3600 support close to the lower edge of the ascending channel
The GBP/USD has seen declines for four days straight, hovering around 1.3600 during European trading hours on Friday. A look at the daily chart suggests the bullish trend remains intact as the pair moves within an ascending channel. The 14-day Relative Strength Index (RSI), which reflects momentum, stands at 51. This indicates a neutral stance […]
GBP/USD declines as Thursday trading approaches
On Wednesday, the pound dropped from a four-year peak, influenced by a dovish outlook from the Bank of England (BoE) and ongoing political uncertainties in the UK. This occurred alongside a weaker dollar, which was affected by disappointing labor market data. In its February meeting, the BoE maintained interest rates, but the Monetary Policy Committee […]
GBP/USD Price Outlook: Stays above nine-day EMA around 1.3650
GBP/USD Trading Update GBP/USD has bounced back from its earlier losses and is currently sitting around 1.3680 during European trading hours on Wednesday. Looking at the daily chart, there’s a clear bullish enthusiasm as the pair continues within an upward channel pattern. The 14-day Relative Strength Index (RSI), which indicates momentum, is at 55.94, comfortably […]
GBP/USD leans positive as markets head towards mid-week NFP report.
GBP/USD Analysis GBP/USD continues to show a generally bullish trend on the daily chart. The price is notably higher than the 50 Exponential Moving Average (EMA) at 1.3507 and the 200 EMA at 1.3310, reinforcing the ongoing uptrend that began after the November 2025 low around 1.2300. But, there was a significant drop from the […]
GBP/USD falls as US Dollar strengthens with Senate agreement, BoE meeting ahead.
As of the latest update, GBP/USD is trading near 1.3760 on Friday, showing a decline of 0.30% for the day, as the US dollar is gaining some strength. The dollar has found support following news that the U.S. Senate progressed on a spending agreement aimed at preventing a federal government shutdown, which has also reduced […]