GBP/USD has surged from the mid-1.34 range to trade between 1.3540–1.3600, reaching a four-month high and confirming a distinct macro shift in favor of Sterling. The catalyst is not emotion but concrete information. In December, UK Retail Sales experienced a 0.4% month-over-month increase, surpassing expectations of a -0.1% decline. Additionally, annual growth improved from 1.8% … Read more
GBP/USD is currently fluctuating within a narrow yet assertive range of 1.3490–1.3535, having reversed a three-week downturn from the early-January peak close to 1.3568 and rebounded from the demand zone situated between 1.3340–1.3355. The pair is currently approaching a significant resistance zone at 1.3500–1.3570, where previous sellers have successfully upheld the downtrend. The macro backdrop … Read more
GBP/USD is constrained. The spot has been fluctuating within the 1.3420–1.3450 range, with this week’s low approaching 1.3350 and a recent two-day high recorded at 1.3475. The price is currently positioned just below the 1.3430–1.3450 range, where multiple upper wicks have formed, indicating the presence of supply in that area. A quote of 1.1357 is … Read more
The GBP/USD pair is currently positioned between 1.3430 and 1.3460, following a spike towards 1.3490 and consistently maintaining the 1.3390 to 1.3430 range. The pair has shown three consecutive positive sessions, driven by stronger UK data, a US Dollar Index hovering around 98.60, and a significant shift in global positioning in response to Trump’s tariff … Read more
GBP/USD is currently positioned within the 1.3430–1.3490 range, having successfully breached the significant 1.3450 resistance that had persisted for several days. Intraday peaks are noted around 1.3483–1.3486, with market participants evidently focusing on the psychological level of 1.3500. The pair is experiencing upward pressure from two converging influences. On the UK side, the latest labour … Read more
The GBP/USD pair is currently fluctuating within a narrow range of 1.3380–1.3415, following a retreat from the year-to-date high of 1.3565–1.3567. The current level represents a decline of approximately 1.1–1.4 cents from the peak, yet it remains well above the November low of 1.3015. On the day, one snapshot has GBP/USD near 1.3414, up about … Read more
The primary factor keeping GBP/USD around 1.3380 is the change in expectations regarding the Federal Reserve, rather than any domestic news from the UK. US inflation remains persistent: the headline CPI is currently at 2.7% year-on-year, consistent with the previous month, whereas the PPI has increased to approximately 3.0% from 2.8%. The labor market contributes … Read more
GBP/USD is currently positioned around 1.3380, having struggled to maintain momentum towards 1.3413 and subsequently retreating beneath the 200-day SMA at 1.3405. Spot has established a four-week low in the range of 1.3366–1.3370 and is currently fluctuating slightly above that level, aligning with short-term support near 1.33612 as indicated by the intraday technical analysis. The … Read more
GBP/USD is finding stability in the 1.3430–1.3440 range as recent UK data prompts traders to reassess the true weakness of the British economy. In November, GDP experienced a 0.3% month-over-month increase, effectively reversing the -0.1% contraction observed in October and surpassing the consensus estimate of 0.1%. The latest monthly figure represents the most robust performance … Read more
GBP/USD is confined within a narrow range, with the price hovering between approximately 1.3390 and 1.3520, facing challenges in maintaining levels above 1.3500. The pair has been fluctuating between 1.3430 and 1.3470, encountering resistance near the 1.3490 to 1.3500 area while consistently attracting buyers just above 1.3390. On the daily chart, the January 13 high … Read more