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
GBP/USD attracted buyers just below 1.3400 at the close of the previous week, subsequently rebounding above 1.3450 as the dollar experienced a decline triggered by a specific event: legal proceedings against Fed Chair Jerome Powell, which directly impacted the perception of Fed independence. The subpoenas issued by the Department of Justice regarding building renovation testimony … Read more
GBP/USD is currently positioned between 1.3470 and 1.3485, reflecting an increase of approximately 0.5 to 0.6% for the day, following a significant rebound from a near three-week low slightly above 1.3400. The pair has turned directly on the 200-day moving average cluster at 1.3380–1.3400 and moved back into the mid-1.34s, reversing a four-session losing streak. … Read more
The GBP/USD pair has entered a distinctly positive territory, oscillating throughout the day between 1.3520 and 1.3560 after reaching a new three-month peak at 1.3562 during early Asian trading and subsequently surging again towards 1.3567 later in the session. The market has moved past the 1.3500 level, trading confidently above it, which aligns with expectations … Read more
GBP/USD is currently positioned between 1.3420 and 1.3450 following a minor bearish gap and an unsuccessful effort to maintain levels above the mid-1.3400s. The recent movement is primarily influenced by the USD side: the US Dollar Index is approaching the 98.6–98.7 range, bolstered by safe-haven flows following the US operation in Venezuela and the capture … Read more
The GBP/USD pair is currently stabilizing at approximately 1.3450, following a year that commenced near 1.21, which marked a 15-month low, and reached a peak of 1.3790, representing a four-year high. The trajectory of that price is significant as it establishes the two thresholds that govern behavior in 2026. 1.35 is not merely a round … Read more
GBP/USD starts 2026 trading in the range of 1.3400 to 1.3500, with the spot consistently moving towards 1.3450–1.3475. During the initial sessions of the year, the pair momentarily advanced toward 1.3490–1.3500 before retreating below 1.3450 following a rejection near 1.3475. The recent rebound from the 1.3400 level maintains a positive short-term outlook: sellers are present … Read more