GBP/USD ignores negative trends, bounces back to the 1.3400 area.
On Wednesday, GBP/USD saw a rise, returning to the 1.3400 mark after briefly dipping below, where it engaged the 200-day exponential moving average (EMA) around 1.3290. Tomorrow, a few mid-level UK economic reports are expected. However, the US reaction to this data has been quite subdued due to the ongoing government shutdown, which has stalled […]
What are the UK data release dates and how might they influence GBP/USD?
The UK saw a slight economic growth in August, with gross domestic product (GDP) updated to 0.1%, revising the earlier estimate of 0%. This followed a contraction of 0.1% in July, as reported by the Office for National Statistics (ONS) on Thursday. Analysts had anticipated a growth rate of 0.1% for this period. Conversely, the […]
GBP/USD Update 14/10: Formation of Head and Shoulders Pattern
Created on October 14, 2025 Bearish Outlook Sell the GBP/USD pair, targeting a profit at 1.3141. Set a stop loss at 1.3500. Timeframe: 1-2 days. Bullish Outlook Buy the GBP/USD pair, aiming for a profit at 1.3500. Set a stop loss at 1.3141. On Tuesday, GBP/USD held steady as traders awaited comments from Jerome Powell […]
What is the timing of the UK Jobs Report and what impact might it have on GBP/USD?
The ILO unemployment rate in the United Kingdom rose to 4.8% for the three months ending in August, up from 4.7% reported previously, according to data from the Office for National Statistics (ONS) released on Tuesday. This figure was higher than the anticipated rate of 4.7%. The report also highlighted that the number of individuals […]
GBP/USD falls as the Dollar strengthens, before UK data and Fed speeches.
GBP/USD closed Monday down by 0.13% as the dollar gained strength following a softer stance from US President Donald Trump regarding China over the weekend. Currently, the pair is trading at 1.3333 as Asian markets open on Tuesday. Stalemate in Government Shutdown Affects Currency Fluctuations The day saw a shift in market trends after President […]
GBP/USD Price Outlook: Approaches 38.2% Fibonacci level, above mid-1.3300s
The GBP/USD pair saw a positive shift for two consecutive days on Monday, buoyed by a dovish Federal Reserve outlook that has led to a decrease in the safe-haven US dollar (USD). During the Asian trading session, prices hovered just above the mid-1.3300s. We anticipate it to build on Friday’s significant rebound from the 1.3260 […]
GBP/USD remains steady above 1.3300 because of the Bank of England’s cautious view.
GBP/USD Sees Modest Gain After Recent Declines GBP/USD experienced a slight increase after three consecutive days of decline, hovering around 1.3310 during Asian trading on Friday. There’s a possibility for further upward movement as the British pound could find some strength, which is perhaps influenced by the cautious sentiment surrounding the Bank of England’s (BoE) […]
GBP/USD Price Outlook: Building momentum but might encounter resistance around 1.3465
The GBP/USD pair saw some buying interest during the Asian session on Thursday, pulling away from a nearly two-week low around 1.3370 reached the previous day. In fact, the spot price has climbed above the 1.3400 mark recently, seemingly breaking a two-day losing streak, largely due to a significant drop in the US dollar. From […]
GBP/USD maintains its position around 1.3500 as the Bank of England takes a careful approach.
The GBP/USD pair is finding support from the cautious comments of Bank of England officials. Bank of England’s Catherine Mann has expressed concern over the ongoing risk of “long-distance” inflation and continuous price pressures. The release of the September US non-farm payroll report will be delayed as the Labor Bureau has temporarily halted operations. GBP/USD […]
GBP/USD approaches 1.35 as the currency begins to rise.
GBP/USD showed some cautious gains on Wednesday after reaching the 1.3500 mark. Market momentum overall seems limited, with investors apprehensive about possible US government shutdowns. Key labor and inflation data from the BLS could be delayed or completely halted during this crucial time for interest rate monitoring. The GBP/USD pair eased into its fourth consecutive […]