ForexNewsPlus Updates

GBP/USD Retreats from 1.3850 Peaks

The week began with GBP/USD positioned at approximately 1.3660, indicating a sustained period of pound strength in contrast to a weaker USD. Initial trading remained stable, but by Tuesday, the pair ceased its gradual movement and began to surge rapidly. A surge of dollar selling impacted global foreign exchange markets, causing GBP/USD to rise sharply, … Read more

ForexNewsPlus Updates

GBP/USD Approaches 1.38 as Senate Deal Boosts Dollar

GBP/USD is currently positioned around 1.3760, reflecting a decline of approximately 0.30% for the day after struggling to maintain levels above 1.3800. The pair retreated from Thursday’s peaks slightly above 1.3850 as the USD gained traction from developments in Washington. The advancement of a spending deal by the US Senate, which mitigates the risk of … Read more

ForexNewsPlus Updates

GBP/USD Nears Four-Month High on BoE–Fed Divergence

The GBP/USD pair has surged from the October–November low range of approximately 1.3000–1.3016 to the 1.3680–1.3730 zone, surpassing all significant resistance levels observed since mid-2025. The pair reached a new four-month high slightly above 1.3680 and is currently testing the 1.3700–1.3730 range, which coincides with the September 2025 high at 1.3730 and is positioned just … Read more

ForexNewsPlus News

GBP/USD Approaches 1.37 Dollar Dips as UK Data Shines

GBP/USD is currently positioned within the 1.3660–1.3690 range, marking its highest point since mid-September 2025, following a significant upward movement from the 1.3400 level. During the intraday session, the pair rebounded from 1.3642 and reached highs just below 1.3700, maintaining a distinctly bullish short-term structure. The recent rally has contributed approximately 2% over several sessions, … Read more

ForexNewsPlus Updates

GBP/USD Hits 1.3450 as UK CPI at 3.4% Meets Trump Tariffs

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

ForexNewsPlus Updates

GBP/USD Stuck Around 1.3450 as Fed Cut Speculation

GBP/USD is currently positioned between 1.3450 and 1.3465, undergoing consolidation following its inability to maintain the 1.3560–1.3570 peak, marking the highest point since mid-September. The pair is currently confined within a distinct short-term range, with support located around 1.3400 and resistance positioned between 1.3520 and 1.3560. The US Dollar Index is currently positioned between 98.70 … Read more

ForexNewsPlus Updates

GBP/USD Stays at 1.35 as Dollar Dips Ahead of ISM and NFP

The US Dollar Index is currently positioned within the 98.50–98.65 range, forming an ascending triangle pattern. Support levels are identified near 98.50 and 98.15, while resistance is concentrated between 98.85 and 99.07. The current structure indicates that the Dollar has established a support level, yet there hasn’t been a clear breakout to the upside. This … Read more