Forex Today: Pound Sterling gains support from rising inflation, focused on FOMC Minutes
Here’s what’s happening on Wednesday, August 20th: The pound is maintaining its ground after a couple of days of decline, as market participants examine the UK’s inflation figures from July. Later in the US trading session, the Federal Reserve is set to release the minutes from its meetings on July 29th to 30th. Additionally, several […]
Pound Sterling fluctuates against the US Dollar before the Trump-Zelenskyy meeting.
The Pound Sterling is projected to trade around 1.3550 against the US dollar ahead of the upcoming meeting between President Trump and Ukrainian President Zelensky at the White House. Many traders are optimistic about a potential interest rate cut by the Federal Reserve in September. Economists predict a steady increase in the UK’s core CPI […]
Pound Sterling drops close to 1.3550 due to slight strength in the US Dollar
GBP/USD dips to about 1.3555 during early Asian trading on Monday. A careful attitude prevails ahead of the US-Ukraine discussions, lending support to the US dollar. The UK economy is projected to grow in the second quarter, showing a better than anticipated 0.3% quarter-on-quarter increase. The GBP/USD exchange rate has softened, hovering around 1.3555 in […]
Pound Sterling gains against US Dollar, reducing some losses tied to PPI.
The pound saw a slight increase against the US dollar after reaching a peak near 1.3600, primarily impacted by high PPI data from the US. Inflation among US producers is rising at the fastest rate in three years due to tariffs, which is bolstering the US dollar. Investors are keenly awaiting data on US retail […]
GBP/USD Forex Signal for 14/08: Additional Gains for the Pound (Chart)
Created on August 14th, 2025 Optimistic Outlook Buy the GBP/USD pair with a target at 1.3675. Set a stop loss at 1.3425. Expected timeframe: 1-2 days. Pessimistic Outlook Sell GBP/USD pairs targeting 1.3425. Place a stop loss at 1.3675. The GBP/USD pair gained momentum as investors focused on earlier highs, thanks in part to a […]
Pound Sterling reaches a one-month peak as UK GDP figures exceed expectations.
The British pound has gained against other currencies as UK GDP rose more than anticipated in June and for the second quarter overall. The UK’s manufacturing sector is back in expansion mode following a significant contract secured in May. The US Treasury Secretary has expressed support for potential interest rate cuts by the Federal Reserve […]
Pound Sterling gains from Q2 GDP, while US Dollar looks forward to mid-level data.
Key Updates for Thursday, August 14th The British pound is showing strength, supported by positive data releases, and seems likely to hold its ground against competitors this Thursday. Later today, the U.S. economic calendar will feature producer inflation figures for July along with the first weekly unemployment claims. This week’s US Dollar Price The table […]
Pound Sterling remains stable as GBP/USD retains gains after BoE’s cautious reduction
The GBP/USD is steady at 1.3437 as the dollar makes a slight recovery. The Bank of England (BoE) decreased the rate by 25 basis points in a close 5-4 vote, indicating a cautious stance. Market expectations suggest there’s an 87% chance of no changes in September. There are rumors that the Trump administration favors Gov. […]
Pound Sterling drops below 1.3450 as demand for US Dollar increases
During the Asian trading session on Friday, GBP/USD is expected to decline to around 1.3440. Traders are anticipating two rate cuts by the Federal Reserve this year. On Thursday, the Bank of England reduced interest rates from 4.25% to 4.0%, which was widely anticipated. On Friday during Asian trading, the GBP/USD pair registered a slight […]
Pound Sterling remains mostly steady ahead of BoE decision
The pound is expected to trade steadily prior to the Bank of England’s (BOE) financial policy announcement at 11:00 GMT. Analysts are anticipating that the BOE will lower interest rates by 25 basis points, reducing them to 4%. With increasing worries about the labor market, the growing consensus among Federal Reserve officials may influence rate […]