GBP/USD stabilizes before central bank events – FXStreet
GBP/USD hovers around 1.3300 as Fed and BOE prepare to make announcements. Fed likely to maintain current interest rates while policymakers’ discussions take center stage. BOE anticipated to introduce another quarter-point rate reduction this week. GBP/USD began the new trading week, breaking a short-term losing streak and stabilizing near the 1.3300 mark. While the pair […]
GBP/USD holds steady above the mid-1.3200s as traders pause before the Bank of England meeting this week – FXStreet
GBP/USD is finding it tough to make significant progress as a new week begins. Rising expectations for aggressive Fed rate cuts are bolstering the dollar, affecting the pairing. GBP bulls seem hesitant ahead of Thursday’s Bank of England (BOE) policy meeting. The GBP/USD pair opens the week on a cautious note, trading within a narrow […]
GBP/USD Price Forecast: Rises toward 1.3400 barrier near seven-month highs – FXStreet
GBP/USD can encounter primary resistance at a psychological level of 1.3400 The 14-day RSI travels above 70, suggesting that potential drawback corrections may be on the horizon. Immediate support is at the 9-day EMA, near 1.3194, followed by a lower boundary of the rising channel at around 1.3150. The GBP/USD pair continued their winning streak, […]
GBP/USD Price Forecast: Hovers around 1.2950 near nine-day EMA – FXStreet
GBP/USD challenges immediate resistance near a four-month high of 1.3014. The pair will climb above the nine-day EMA, bolstering the bullish outlook for short-term price action. The 9-day EMA of 1.2936 serves as the closest level of support. The GBP/USD pair has been stable profitable from the previous session, hovering around 1.2950 during Asian trading […]
GBP/USD remains above 1.2650 near two-month highs – FXStreet
GBP/USD reached a two-month height at 1.2674 as the US dollar struggled in unemployed claims data. The US unemployment claims rose to 219,000 the previous week, exceeding the expected 215,000. Traders are cautious as they continue to be concerned about the UK's economic outlook. GBP/USD traded around 1.2670 at the time of writing during the […]
GBP/USD holds below 1.2400 on firmer US Dollar – FXStreet
GBP/USD softened to around 1.2390 in Monday's Asian session, losing 0.14% of the day. Trump said he will announce mutual tariffs in many countries this week. Boe's Bailey reiterated that “a progressive and prudent approach to monetary policy remains appropriate.” The GBP/USD pair will weaken to near 1.239 during Asian trading hours on Monday. The […]
GBP/USD Price Forecast: Trades near 1.2350 after rebounding from nine-month lows – FXStreet
GBP/USD has retreated into a descending channel pattern, indicating that the bearish bias is prevailing. It could test the nine-month low of 1.2321 hit on Wednesday. Immediate resistance appears at the top of the descending channel near the 9-day EMA at 1.2447. The GBP/USD pair remains under pressure for the third consecutive session, hovering around […]
GBP/USD extends into a two-day win streak as Pound recovers – FXStreet
GBP/USD gained 0.7% after receiving bids on Monday. PMI statistics softened on both sides of the Atlantic. The ease of the flow on Greenback gave Cable a chance to catch his breath. GBP/USD continues its second consecutive day of gains, rising 71% in tenths to begin the new trading week, pushing the bid back above […]
GBP/USD holds positive ground near 1.2450 on US Dollar bullish – FXStreet
GBP/USD rebounded to around 1.2440 in early European trading on Monday. Fed officials emphasized the need to balance controlling inflation with maintaining a strong labor market. Dovish bets on the BOE could cap upside in the short term. The GBP/USD pair extends its recovery to around 1.2440 in early European trading on Monday. However, the […]
GBP/USD plunges to new lows to kick off the new trading year – FXStreet
GBP/USD fell on Thursday, falling below 1.2400 for the first time since April. January has only just begun, but cable is already on pace to end the month on a tough note. Friday's US PMI data will wrap up this week's economic calendar. On Thursday, GBP/USD saw moderate price action, falling more than 1% at […]