GBP/EUR holds above 1.17 as the pound rallies on BoE’s hawkish tone versus ECB’s easing signals. Persistent UK inflation and wage strength support expectations of fewer BoE cuts this year, while the euro braces for ECB easing in June. Market focus: UK vs eurozone economic trajectories. #Forex #GBP #EUR
Canadian officials confirm upcoming talks between Mark Carney and Donald Trump, spotlighting key economic and political challenges ahead of the 2024 U.S. election. Their discussion may address trade, monetary policy, climate finance, and bilateral relations at a critical juncture in North American and global markets.
AUD/USD slips toward 0.6450 despite softer US Non-Farm Payrolls, highlighting that weaker US jobs data alone isn’t enough to weaken the dollar. Persistent Fed hawkishness, cautious risk sentiment, and concerns over China’s growth continue to weigh on the Australian dollar amid mixed domestic economic signals and a steady RBA stance.
GBP/USD edges closer to the mid-1.3200s, pressured by a firmer US Dollar and lingering Brexit uncertainties. With the Bank of England’s policy decision looming this week, downside appears limited as markets await guidance on monetary easing and economic outlook. Key support near 1.3050 may hold in the short term.
Forex Weekly Preview August 3-8 2025 highlights cautious optimism amid mixed data. EUR/USD shows bullish momentum testing resistance near 1.1100 after softer US payrolls. GBP/USD consolidates ahead of Bank of England meeting with a breakout possible. USD/JPY and AUD/USD remain sensitive to global cues. Stay tuned for key technical levels and macro updates shaping the week. Analysis by Mahmoud Abdallah at DailyForex.com.
The GBP has rebounded against the EUR, supported by strong UK data and a cautious BoE stance. However, upcoming UK labor & GDP figures and Eurozone inflation & industrial output reports could challenge this momentum. Diverging BoE and ECB policies remain key watch points. #Forex #GBP #EUR
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Pound to Euro ended last week on a strong note, breaking above 1.17 amid signs of UK economic resilience and a hawkish Bank of England outlook. With continued strength in services and consumer spending, sterling’s rally may have more room to run as markets weigh ECB and BoE dynamics. Traders should watch upcoming UK data and central bank cues closely for next week’s direction.
Weekly Forex Analysis by Dhwani Mehta at FXStreet highlights key moves in EUR/USD, GBP/USD, and USD/CAD amid shifting central bank policies and economic data. EUR/USD faces pressure from diverging Fed and ECB outlooks; GBP/USD remains choppy on BoE caution and domestic growth; USD/CAD reacts to commodity flows and Bank of Canada signals. Traders should watch upcoming inflation, employment, and geopolitical updates closely. Watch the full video for detailed technical levels and market insights.
EUR/USD’s sharp rebound from 1.0700 support has traders debating the next move. Will this mark a sustained uptrend or just a correction within ongoing consolidation? Key resistance at 1.0850 and above will be critical to watch in determining the pair’s direction in the weeks ahead. Credit: Matt Weller, FOREX.com
