Fundamental Overview Last week, despite the higher-than-expected inflation figures and a less dovish Powell, the US Dollar couldn’t extend the gains. The market’s pricing remained largely unchanged at three rate cuts by the end of 2025. This might be a signal that the market is now fine with the current pricing, and we will need […]
GBP/USD Price Forecast: Steadies at around 1.2600 The GBP/USD fluctuates, yet it remains virtually unchanged at the beginning of the week as UK traders await the release of UK inflation figures and Retail Sales data. In the meantime, aside from Fed speakers, a scarce economic docket in the US might pave the way for some consolidation on […]
The Pound Sterling faces mild selling pressure on Friday even though the BoE favored a more gradual rate-cut path. Both the Fed and the BoE cut interest rates by 25 bps on Thursday. The Fed is expected to cut its key borrowing rates by 25 bps again in December. The Pound Sterling (GBP) trades lower against the US Dollar […]
GBP/USD Price Forecast: Climbs post weak US jobs report, eyes 100-day SMA The Pound Sterling erased some of its Thursday’s losses against the Greenback and rose 0.56% above its opening price after a dismal US jobs report reassured investors the Federal Reserve would continue to ease policy. At the time of writing, the GBP/USD trades at1.2970. Read More… […]
The Pound Sterling gains sharply as traders pare BoE dovish bets. The BoE is expected to cut interest rates only once in the remaining two meetings this year. US NFP and the ISM Manufacturing PMI remained weak in October. The Pound Sterling (GBP) jumps to near 1.2950 against the US Dollar (USD) in Friday’s New York session after posting a […]
GBP/USD Price Forecast: Climbs to three-day peak, approaches 1.3000 The Pound Sterling recovered some ground and traded at around three-day highs of 1.2998 yet remained unable to crack the 1.3000 figure at the time of writing. Market mood has improved slightly, a headwind for Greenback, which, despite that, is headed to sustain weekly gains of more […]
The Pound Sterling consolidates after recovering slightly on Thursday as BoE’s Mann said services inflation needs to decline further for more rate cuts. The UK flash PMI report shows that business activity continued to expand in October but at a slower pace. Traders seem to be increasingly betting that Donald Trump will win the US […]
The Pound Sterling declines to a fresh two-month low against the US Dollar ahead of BoE Bailey’s speech. Bailey may reiterate a dovish stance on the interest-rate outlook, signaling that more interest-rate cuts are on the way. The US Dollar outlook remains upbeat as uncertainty increases ahead of the US presidential election. The Pound Sterling (GBP) […]
GBP/USD Forecast: Pound Sterling struggles to extend recovery as mood sours GBP/USD stays under modest bearish pressure and declines toward 1.3000 to start the new week, after posting daily gains on Thursday and Friday. A daily close below 1.2960 could open the door for another leg lower. Pound Sterling held its ground in the second […]
GBP/USD found the gas for a thin rally on Friday. Upbeat UK Retail Sales figures helped the Pound find its footing. A broad-market pivot out of the Greenback further aided Dollar pairs. GBP/USD extended a near-term recovery rally to wrap up the trading week, inching back in a familiar congestion zone and clawing back meager […]
GBP/USD Weekly Forecast: Pound Sterling at risk as UK inflation to impact on BoE’s rate prospects The Pound Sterling (GBP) booked the second straight weekly loss against the US Dollar (USD), sending the GBP/USD pair to the lowest level in a month below 1.3050. A surprisingly strong United States (US) Nonfarm Payrolls (NFP) report for […]
GBP/USD fails to gain traction amid mixed US economic data. Sellers remain in charge if prices remain below 1.3055; key support levels are eyed at 1.3001 and 1.2939. Buyers could regain control above 1.3055 and target the 50-DMA The Pound Sterling remains on the backfoot against the Greenback, yet it bounced off a four-week low of […]
