GBP/USD is currently at 1.3310 on Tuesday, influenced by two opposing forces: a pound that is showing modest recovery and has performed relatively well compared to other G10 currencies amid the Iran conflict, and a US Dollar that remains resilient as geopolitical risk premiums, safe-haven demand, and a hawkish Federal Reserve scenario continue to support … Read more
GBP/USD is currently positioned at $1.3225–$1.3316 on Monday, marking a break from a four-day decline with a modest rebound from Friday’s three-month lows beneath $1.3250. The bounce is evident; however, the context lacks optimism — the pair continues to trade beneath the 20-period Simple Moving Average at $1.3325 and significantly below the gradually declining 100-period … Read more
GBP/USD is currently positioned at $1.3361-$1.3380 on Wednesday, showing a slight recovery from the session’s lows but struggling to maintain a definitive break above the $1.3400 psychological threshold that has characterized the pair’s upper limit since the onset of the Iran conflict. The session high reached $1.3403 before sellers regained dominance — a clear rejection … Read more
GBP/USD concluded Friday at 1.3483, having dipped to daily lows around 1.3450 during the afternoon session — effectively reversing the entire mid-week rally that had momentarily reached 1.3575, driven by Nvidia’s earnings-driven equity surge. The pound currently finds itself influenced by three converging factors that exert similar pressure: a Monday gap driven by developments in … Read more
The GBP/USD pair is currently situated in the 1.3530–1.3565 range, with the spot price fluctuating approximately between 1.3531 and 1.3540 during European trading and reaching around 1.3565 in Asia. The price is positioned nearly precisely on the 20-day EMA at 1.3562, indicating a market that is currently in a state of equilibrium rather than exhibiting … Read more
GBP/USD has continued its upward trajectory for the fourth consecutive session, currently trading in the range of 1.3516–1.3530, steadily moving higher within a narrow band of 1.3467–1.3560. The price has been consolidating around the 1.3500 level, with repeated buying interest emerging at dips toward 1.3470, while supply is accumulating in the 1.3535–1.3560 range. Over the … Read more
GBP/USD is currently positioned around 1.3470–1.3488, influenced by the Bank of England’s shift towards easing measures and a USD that remains resilient. MPC member Alan Taylor discussed the possibility of “two or three” additional cuts before the Bank Rate attains a neutral level, highlighting the risks leaning towards lower inflation and increased unemployment, while conveying … Read more
GBP/USD declined past the 1.3500 support level, reaching four-week lows beneath 1.3450, with the current price lingering in the 1.34–1.35 range despite robust UK economic data. In January, the public-sector surplus reached £30.4 billion, a significant increase from £14.5 billion in the same month last year. Additionally, the budget deficit for the first ten months … Read more
GBP/USD is currently positioned in the 1.3460–1.3485 range following a three-week low, managing to recover some of the overnight decline. However, it remains distinctly below the 1.35–1.36 range, which previously served as support earlier this week and is now becoming a point of resistance. The uptrend observed in November has been disrupted, with the pair … Read more
GBP/USD is currently positioned within the 1.34–1.35 range following a significant reversal from the 1.3866 peak attained earlier this year. The pair has recorded lows in the vicinity of 1.3480–1.3482, reflecting a decline of approximately 2.7% from the peak and reverting to levels observed around 23 January. The breach below the 1.3510 support level and … Read more