GBP/USD Price Outlook: Remains positive above 1.3550, staying above the 100-day EMA
GBP/USD shows a slight gain of around 1.3440 in Monday’s Asian trading session. The pair maintains an optimistic tone above the 100-day EMA, though some consolidation might happen soon. Immediate resistance is identified at 1.3588, while initial support is at 1.3365. During Monday’s Asian hours, GBP/USD managed a modest profit, nearly reaching 1.3440. This comes […]
GBP/USD moves nearer to the mid-1.3400s as trade optimism weakens the safe-haven USD.
GBP/USD Currency Pair Overview GBP/USD is facing a challenge in gaining further purchases but begins the week on a positive note. The US-EU trade deal is boosting risk sentiment, weakening the USD, and providing support. Traders seem hesitant with upcoming central bank events and potential data releases from the US. The GBP/USD pair showed some […]
GBP/USD Weekly Outlook – 27/07: Indications of Enthusiasm (Chart)
Last Thursday, the GBP/USD reached around 1.35900, but by the weekend, the pair had dipped to approximately 1.34365. The highs from last Thursday approached marks last seen on July 10, though they fell short of the July 1 high of 1.37850, which faced some contention. The decline in GBP/USD that began on Thursday was notably […]
GBP/USD drops below 1.3500 before UK Retail Sales announcement
The GBP/USD pair is expected to drop further, reaching around 1.3490 in Friday’s Asian trading session. Uncertainty surrounding Fed interest rates is dampening risk appetite and impacting the pound sterling. Market participants are anticipating the UK retail sales report for June, due later on Friday. During Asian trading hours on Friday, the GBP/USD pair fell […]
GBP/USD approaches Friday with weakness following disappointing PMI data
GBP/USD ended its three-day winning streak on Thursday, dropping to 1.3500. Despite some positive momentum, the currency faces new challenges at critical technical points. The UK PMI figures fell short on Thursday, but Friday offers another chance for better UK data. On Thursday, GBP/USD reversed a three-day bullish trend, declining from 1.3600 down to 1.3500. […]
GBP/USD pulls back from 1.3600 due to robust US employment figures
Jobless claims decrease to 217k, surprising some; however, PMI data is encouraging. UK Flash PMI points to rising layoffs, bolstering expectations for a BOE rate cut in August. Interest rate disparity supports the dollar as the BOE considers cuts while the Fed stays put. The GBP/USD rally has hit a snag, with the dollar recovering […]
GBP/USD approaches 1.3600 as optimism grows, attention on UK PMI data
GBP/USD could see further valuation as the US dollar weakens due to improved market sentiment. The European Union and the US are nearing an agreement to impose 15% tariffs on EU goods. Traders are anticipating index data from the S&P Purchase Managers in the UK on Thursday. GBP/USD has been holding steady after four days […]
GBP/USD keeps rising as optimism over trade deals drives down the dollar.
GBP/USD Performance and Outlook GBP/USD has seen gains for three consecutive days, nearing the 1.3600 mark. Anticipation for a last-minute trade deal to avoid high tariffs is boosting investor confidence. The US Dollar is experiencing renewed pressure as traders react to tariff negotiations. On Wednesday, GBP/USD moved upward, achieving solid profits for the third day […]
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 […]