GBP/USD is currently positioned at approximately 1.3510 following a two-day surge that propelled the pair past 1.3450, establishing a narrow range between 1.3470 and 1.3518, just below the resistance level. The price remains firmly above the 1.3500 level, indicating that buyers have effectively absorbed the initial spike following the Bank of England’s 25 bps reduction … Read more
GBP/USD is currently positioned at approximately 1.3490, having struggled to break through the 1.3530–1.3550 range. Nonetheless, the market continues to exhibit a clearly defined upward trajectory. The price is fluctuating between 1.3485 and 1.3490 following a peak in Asia around 1.3510 and a slight decline in Europe. Nevertheless, the pair continues to operate within a … Read more
GBP/USD commenced the week at approximately 1.33785 and concluded near 1.34978, resulting in an approximate gain of 120 pips over the span of five trading days. The current price is positioned within a well-established short-term range, spanning from 1.34310 to 1.35430, with Friday’s closing value situated close to the upper boundary of this interval. The … Read more
The GBP/USD pair is currently positioned just below the $1.35 mark, with the spot rate at approximately 1.34994 according to the forecast feed and around 1.3492 in the cross-market wrap. The price is currently consolidating following a robust pre-Christmas rally that elevated the pair to an 11-week high close to $1.35. The current market activity … Read more
GBP/USD is currently positioned in the mid-1.34s to 1.35s range, having struggled to surpass the recent swing high close to 1.3535. On the short-term chart, GBP/USD is positioned slightly above the 50-EMA at approximately 1.3470, while more substantial structural support can be found near the 100-EMA around 1.3340. Provided that the 1.3410–1.3470 range remains intact, … Read more
GBP/USD is currently positioned at $1.3501, maintaining Wednesday’s closing level as we approach the December 25 holiday, while adhering to a clear ascending channel that has been instrumental in the uptrend since late November. The US Dollar Index, currently around 97.95, is confined within a descending channel that has restricted every upward movement since mid-November. … Read more
GBP/USD is currently positioned within the 1.3470–1.3535 range following a two-day surge that elevated the pair to its highest level since September. The market is currently fluctuating around 1.3500 following intraday peaks close to 1.3534–1.3535. The shift is influenced more by the divergence in monetary policies than by the strength of the UK economy: the … Read more
The GBP/USD pair is currently fluctuating between 1.3470 and 1.3518 following a two-day surge that brought it to its peak levels since early October, nearing a 12-week high. Buyers stepped in aggressively after the Bank of England moved Bank Rate down by 25 bps to 3.75%. However, a narrow 5–4 split vote and persistent inflation … Read more
GBP/USD is currently at 1.3450, reflecting an increase of 0.59% for the session, having recorded a daily low of 1.3374 and reaching a new monthly high of 1.3457. The recent shift is not attributed to “mystical Sterling strength” — rather, it reflects a thin-liquidity surge triggered by a single positive UK data release in a … Read more
GBP/USD is currently positioned between 1.337 and 1.338, remaining just below the 1.3400 resistance level that has consistently deterred buyers. The price movement observed throughout the week has exhibited volatility without a clear trend: the pair approached 1.3400, encountered resistance, and subsequently declined, indicating uncertainty rather than a definitive breakout. The market is currently confined … Read more