GBP/USD stays above 1.3500 as USD weakens after CPI
GBP/USD is trading slightly above 1.3500 today. The US dollar seems to be struggling compared to its competitors after the latest inflation figures. Both the CPI and Core CPI showed more modest increases than anticipated in May. After experiencing a drop on Tuesday, GBP/USD is rebounding, surpassing 1.3500 during Wednesday’s US trading session. Currently, there’s […]
GBP/USD weakens after disappointing UK data, while US CPI remains a concern.
GBP/USD dips following UK wage and employment data that exceeded expectations. US CPI inflation data is imminent and expected to have a significant impact. Mid-tier trade data from the UK and US consumer sentiment metrics are still to come later this week. The GBP/USD saw a decline on Tuesday, weighed down by unexpected results in […]
GBP/USD Price Prediction: Stays near 1.3550, with support seen around the nine-day EMA
Market Update on GBP/USD GBP/USD might hit a significant resistance at 1.3616, the highest level since February 2022. The bullish outlook is expanding as the 14-day RSI stays above 50. Initial support is identified at the 9-day EMA of 1.3526. The GBP/USD pair has retraced some of its recent gains, currently hovering around 1.3540 during […]
GBP/USD remains in a tight range before important labor and inflation figures
GBP/USD Stability and Upcoming Economic Data The GBP/USD remains steady after dropping below the 1.3600 mark. Key UK labor statistics along with US inflation data are set to be released soon. GBP/USD maintains a strong position, though there’s a noticeable short-term ceiling. GBP/USD has shown stability during recent consolidation on Monday, hovering around the 1.3550 […]
GBP/USD reaches new highs as the US dollar weakens
The GBP/USD Hits 1.3600 for the First Time in Nearly Four Years The GBP/USD crossed the 1.3600 mark during intraday trading. Sterling faces pressure due to USD flows through Krampur. Market sentiment is influenced ahead of the major U.S. non-farm payroll (NFP) data due on Friday. On Thursday, GBP/USD experienced a notable uptick, surpassing the […]
GBP/USD stays under 1.3550 as US Dollar gains strength, indicating a technical adjustment
GBP/USD could regain ground as the US dollar might face downward pressure due to economic uncertainty in the United States. Softening US economic indicators have raised the possibility of the Federal Reserve implementing two interest rate cuts in 2025. Trump has provided British exporters with temporary relief from a sudden 50% tariff on steel and […]
GBP/USD remains near short-term peaks as important labor data approaches
GBP/USD remains near its recent high as the dollar doesn’t seem to be in sync. US ADP jobs data showed a sharper decline than anticipated on Wednesday, dampening investor confidence. The forthcoming NFP report on Friday is gaining significance for the market, particularly regarding tariffs. On Wednesday, GBP/USD received support, recovering from losses experienced the […]
GBP/USD hovers around 1.3500
The GBP/USD pair lost some of its upward momentum on Tuesday as it hovered around the 1.3500 mark. Positive US data boosted investor confidence, particularly with job openings exceeding expectations. The major US ISM service PMI figures for April are set to be released on Wednesday. On Tuesday, the GBP/USD softened slightly, traversing a narrow […]
GBP/USD shows a downward trend above 1.3500 before the Bank of England’s Monetary Policy Report Hearings
GBP/USD is likely to pull back from recent highs with rising USD purchases evident on Tuesday. Concerns over a dovish stance from the Fed and ongoing US financial issues seem to overshadow significant gains for the dollar. Traders are focusing on the Bank of England’s monetary policy report, anticipating insights before upcoming job data is […]
GBP/USD stabilizes around 1.3540 as the US Dollar faces worldwide challenges
GBP/USD Shows Weekly Losses as US Dollar Weakens Over Trade and Growth Concerns UK Manufacturing PMI revised upward for May, suggesting less deterioration in the sector. Bank of England’s MPC to discuss monetary policy in a hearing this Tuesday, with a focus on future guidance. Federal Reserve Chairman Powell highlights Fed speakers and upcoming Non-Farm […]