ForexNewsPlus Updates

GBP/USD Stays Strong at 1.34 as Supreme Court Axes Trump Tariffs

GBP/USD has experienced a decline of over 3% from its peak in late January and is currently trading within the 1.34–1.35 range. Price is currently trading in the range of 1.3460 to 1.3498, positioned nearly at the 2026 yearly open of 1.3474. This follows the significant re-rating phase that commenced in 2025, when the initial … Read more

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GBP/USD Pauses at 1.35 Before US Data

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

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GBP/USD Plummets as BoE Shift Meets Stronger Dollar

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

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GBP/USD at 1.3550 as BoE Cut Bets Eye 1.3400

GBP/USD is experiencing significant pressure, currently hovering between 1.3550 and 1.3570, following a decline from the 1.3810 to 1.3875 range. The pair has already breached a short-term bullish trend line and is now testing the lower boundary of the larger structure that originates from the 1.3340 base. Immediate downside markers are positioned at 1.3510–1.3500 and … Read more

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GBP/USD Dips Under 1.36 as UK Jobless Rate Soars to 5.2%

GBP/USD is currently positioned near the 1.3600 mark following a dip to approximately 1.3550–1.3552 in response to the jobs report, before regaining some of the lost ground. The current price is positioned beneath a concentrated group of short-term reference levels: intraday and 20-day averages in the range of 1.3620–1.3635, and below the previous horizontal support … Read more

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GBP/USD Stays Above 1.3600 as Dollar Dips

GBP/USD concluded the session near 1.3651 following a decline to approximately 1.3592 on Friday, a shift that momentarily breached 1.3600 before buyers re-entered the market, driving the pair upward into the close. The observed behavior validates 1.3600 as a true demand zone, rather than merely a psychological round figure. Currently, GBP/USD remains positioned beneath the … Read more

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GBP/USD Stays Around 1.3630 as UK GDP Disappoints

GBP/USD is currently positioned between 1.3630 and 1.3640, showing minimal movement during the session following a test of the 1.3600 level earlier today. The pair remains approximately 1.6% higher year-to-date, indicating that this movement represents a pause within an ongoing uptrend rather than a reversal. Intraday ranges are tight: price is oscillating in a narrow … Read more

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GBP/USD Stays Above 1.3650 as Dollar Weakens Before NFP

GBP/USD is currently positioned in the mid-1.36s to high-1.36s range, maintaining a solid stance above the 1.3650–1.3660 zone following a recovery from the significant decline observed after the Bank of England’s announcement. The price was unable to establish acceptance above the 1.3700–1.3729 resistance level; however, the pattern of higher lows from 1.3600–1.3632 remains intact. The … Read more

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GBP/USD Stays Above 1.37 Before BoE and Fed Moves

GBP/USD is maintaining the majority of its January recovery following a significant 4% increase from the monthly low. The price reached a multi-year high of 1.3869 on 27 January, marking the strongest level since September 2021, before experiencing a pause. Recent sessions indicate that GBP/USD commenced near 1.3665, reaching intraday peaks of approximately 1.3707, and … Read more

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GBP/USD Range-Bound as Strong US Data Meets Hawkish BoE Support

GBP/USD is currently positioned within the 1.3650–1.3700 range following a significant rejection at 1.3847, with the latest value hovering around 1.3690–1.3695. The recent shift is not arbitrary; it signifies a direct confrontation between a revitalized US Dollar, bolstered by robust economic data, and a Pound that continues to be underpinned by a persistently hawkish stance … Read more