GBP USD

GBP/USD holds steady amid trade deal hopes & ahead of the BoE rate decision. EUR/USD slips as USD rebounds on trade deal hopes.

DAX falls, snapping a 9-day rally on trade uncertainty. GBP/USD rises ahead of central bank bonanza.

The Bank of England (BoE) meeting may produce headwinds for the British Pound as the central bank is expected to implement a 25bp rate cut.

EURUSD, GBPUSD Forecast: While the DXY maintains an inverted head-and-shoulders formation, EURUSD and GBPUSD continue to hold their respective reversal patterns — a head-and-shoulders for EURUSD and a double top for GBPUSD — awaiting a key market catalyst to drive directional confirmation.

The GBP/USD forecast remains largely rangebound heading into a pivotal week for the pair, with both the Federal Reserve and Bank of England set to make policy decisions.

It was a big week for the USD and next week is another, as the FOMC rate decision takes place on Wednesday and DXY is still holding on to a bounce.

GBPUSD, Nasdaq Outlook: Markets remain range bound as mixed data fuels investor uncertainty. U.S. GDP turned negative, Core PCE hit 0.0%, and jobless claims rose. Strong earnings offer some support, but trade risks persist. What’s next with today’s NFP report?

USD/CAD eyes a bounce from key support, GBP/USD faces mean reversion risk, and gold’s sharp drop pauses at support — but bears may not be done yet.

May has historically seen weakness in EUR/USD, GBP/USD, and AUD/USD going back to the Bretton Woods Agreement in 1971 - will that be the case this year?

British Pound surged more than 11% off the yearly low with the rally stalling this week at the 2024 highs. Battle lines drawn on the GBP/USD short-term technical charts.

GBP/USD is on the cusp of testing the 2024 high (1.3434) as it breaks out of the range bound price action from the end of last week.