GBP/USD rises above 1.3450 approaching 39-month highs, UK Retail Sales in focus
GBP/USD has nearly touched 1.3468, marking its highest level since February 2022 as of Wednesday. The UK’s retail sales could drop again in April, potentially marking three months of consecutive declines. The US 30-year bond yield has experienced setbacks after reaching 5.15% on Thursday, a peak not seen in 19 months. On Friday, GBP/USD gained […]
GBP/USD approaches 1.3450 as UK PMI data is awaited.
GBP/USD is poised to gain as the US dollar weakens following Moody’s downgrade of the US credit rating. Federal Reserve officials have expressed partial disapproval of recent changes to US trade policy, citing concerns over fluctuating consumer and business confidence. Pound Sterling is benefiting from unexpectedly high UK inflation data released on Wednesday. GBP/USD is […]
GBP/USD Price Outlook: Climbs toward February 2022 highs near 1.3450
GBP/USD encounters immediate resistance at 1.3445, marking the peak since February 2022. The 14-day relative strength index (RSI) rises above 50, reinforcing the bullish sentiment. Initial support is identified at the 9-day EMA of 1.3339. The GBP/USD pair is expected to continue its positive trend for the third day in a row, hovering around 1.3430 […]
GBP/USD rises slowly before upcoming UK and US data later this week
GBP is seeing some mild interest as USD weakens, approaching the 1.3400 mark. Market sentiment is focused on trade, with traders looking for clear information on tariffs. UK CPI inflation data is due Wednesday, with both UK and US PMI reports expected Thursday. On Tuesday, GBP/USD experienced a slight uptick, making its way toward the […]
GBP/USD holds steady above 1.3350 as the US Dollar declines due to economic worries
GBP/USD gained strength as the US dollar faced challenges after Moody’s downgraded the US credit rating from AAA to AA1. The greenback is under pressure due to inflation metrics, like the consumer and producer price indexes, indicating a potential easing of price increases. Traders are looking ahead to Wednesday’s UK CPI report for insights on […]
GBP/USD stabilizes at midrange as important UK and US data approaches.
GBP/USD is expected to face resistance again on Wednesday at the 1.3300 level. The market momentum has hit a snag mid-week, leading to decreased volatility. Upcoming UK GDP growth data and US PPI inflation will be key points to watch on Thursday. On Wednesday, GBP/USD retraced some of its recent gains, dipping back near the […]
GBP/USD experiences a turbulent period as market feelings shift.
GBP/USD climbed above 1.3300 on Tuesday as the US dollar weakened. The market has been reacting notably to US inflation data, with investors keeping a close eye on ongoing trade discussions. The UK’s GDP growth report is due on Thursday, and expectations are mixed. On Tuesday, GBP/USD found support and moved above 1.3300, recovering from […]
GBP/USD rises on weak CPI, increasing expectations for Fed rate cuts
US CPI Falls Short of Expectations; UK Labor Market Sees Slowdown US Consumer Price Index (CPI) misses forecasts, raising questions about two expected Fed cuts in 2025 and hints of stronger core inflation. UK labor market appears to be cooling as wage growth slows to 5.6%, the lowest since November 2024, alleviating pressure on the […]
GBP/USD rises to close to 1.3200 before UK employment and US CPI reports
The GBP/USD pair is expected to rise to about 1.3195 during the early European session on Tuesday. The Bank of England’s method of evaluating progressive policies positively influences GBP. The UK Employment and US CPI Inflation Report will receive attention later Tuesday. The GBP/USD is likely to approach 1.3195 in early trading on Tuesday. The […]
GBP/USD gains momentum on optimism for a US-UK trade agreement.
The GBP/USD bounced back on Tuesday, fueled by news regarding the upcoming US-UK trade agreement. While some specifics are still unclear, the GBP market found support amid hopes of dodging US tariffs. Pound Sterling gained 0.4% against the dollar after testing the 1.3400 mark. The GBP/USD climbed on Tuesday, moving up nearly one percent, as […]