GBP/USD rises due to US PPI drop and Trump’s possible dismissal of Powell
US PPI slowed to 2.3% year-on-year, raising speculations of a Fed cut in July. Trump reportedly believes he has displaced Federal Reserve Chairman Powell, adding to market volatility. UK CPI surged to 3.6% year-on-year, the highest since January 2024, diminishing BOE cut prospects. In currency news, GBP/USD has reversed its trend, gaining after the latest […]
GBP/USD drops further as rising CPI supports the Dollar.
GBP/USD fell for the eighth consecutive day on Tuesday. US CPI inflation increased in June, dampening expectations for a Fed rate cut. Upcoming data: UK CPI inflation and US PPI business inflation on Wednesday. On Tuesday, GBP/USD faced its eighth straight decline. Following the rise in the US consumer price index (CPI) for June, concerns […]
GBP/USD Forex Signal for Today 15/7: Tests Important Support Level (chart)
A strong view Buy GBP/USD pair and target a profit at 1.3600. Set a stop loss at 1.3300. Timeframe: 1-2 days. A bearish view Sell GBP/USD pairs with a target profit at 1.3300. Set a stop loss at 1.3600. The GBP/USD exchange rate has dropped significantly recently, falling from 1.3790 on July 1st to around […]
GBP/USD continues to drop as the new trading week begins
The GBP/USD continued its decline on Monday, approaching the 1.3400 mark. The pound has dropped over 2.5% from its peak of 1.3788 in July. Upcoming inflation data for both the US and the UK is still anticipated. The GBP/USD pair has seen a continuous drop, marking seven sessions of decline. It has now dipped below […]
GBP/USD declines as Trump’s tariffs disrupt currency markets, with CPI data approaching
GBP/USD Falls as Trump Imposes 30% Tariffs on EU and Mexico GBP/USD declines with mixed reactions in the market following tariff announcements. US inflation is projected to rise to 2.7% year-on-year, reflecting consumer impacts from tariffs. Slowdown in UK GDP may increase chances of a rate cut from the Bank of England. Pound Sterling (GBP) […]
GBP/USD remains stable close to 1.3500; appears weak near recent low
GBP/USD benefits from a slight USD retreat, yet upside growth appears constrained. Federal Reserve’s considerations for rate cuts and trade uncertainties might bolster safe havens, keeping major currencies subdued. Weak GDP figures from the UK on Friday reinforce expectations for a BOE rate cut in August, posing a potential challenge for the GBP. The GBP/USD […]
GBP/USD plummets as UK GDP underwhelms, rising trade tensions strengthen USD
UK’s GDP is set to decline for the second month in a row, raising the likelihood of a Bank of England rate cut in August to 78%. Trump intensifies the trade conflict by imposing a 35% tariff on Canadian imports, impacting market dynamics. Concerns about rate cuts and fiscal policies are weighing on the Sterling […]
GBP/USD drops to around 1.3550 as economic worries increase, focus on UK GDP
GBP/USD is expected to decline as the US dollar strengthens due to signals from Federal Reserve officials regarding monetary policy. Fed’s Goolsbee opposes the idea of cutting interest rates to lower government debt expenses. The FPC committee noted a significant risk of a sudden fall in high-risk asset prices. GBP/USD has enjoyed a six-day winning […]
Mid-Week Forex Analysis for DXY, EURUSD, GBPUSD, XAUUSD
Forex Market Update The Forex market is preparing for more trade announcements, with today’s FOMC minutes adding to the anticipation. Overall, the outlook seems quite positive for the upcoming days. If you’re interested in trading, check today’s Forex Reviews for insights on DXY, EurUSD, GBPUSD, and XAUUSD. US Dollar Index (DXY) Forecast This week, the […]
GBP/USD stays under 1.3600 because of a cautious sentiment and worries about UK finances.
GBP/USD is declining as the US dollar rises amid growing risk sentiment. President Trump plans to implement a 50% tariff on imported copper and a 200% tariff on drug imports. The UK’s Office for Budget Responsibility has issued a warning regarding unsustainable public finances. GBP/USD is likely to continue its downward trend, expected to trade […]