About 9.5% of daily trades. Referred to as “Cable,” it’s volatile but widely traded due to the strength of the UK and U.S. economies
GBP/USD extends gains for the fourth consecutive day as investors recalibrate expectations on the Bank of England’s rate outlook. Positive UK economic data, persistent inflation concerns, and a softer US dollar underpin the pound’s strength amid cautious market sentiment.
GBP/USD struggles to break sustained resistance above 1.3500, facing persistent selling pressure despite supportive UK data and cautious Fed policy. Key levels: support at 1.3350–1.3400, resistance 1.3500–1.3550. Watch for a decisive breakout to signal trend direction. Analysis by Continuum Economics team.
The US Dollar Index (DXY) declines as fresh US tariffs ignite global trade tensions and risk aversion. UOB highlights that escalating protectionism dampens dollar strength despite usual safe-haven demand, signaling limited near-term upside amid rising geopolitical uncertainties.
As we approach the week of February 22–27, 2026, major FX pairs face critical technical and fundamental tests. The US Dollar holds above key supports amid Fed’s “higher-for-longer” stance; watch DXY resistance near 105.10. EUR/USD battles resistance around 1.0890 with downside support near 1.0780. GBP/USD eyes 1.2740 resistance, supported above 1.2630, while USD/JPY nears 151.60—potential intervention zone. Key US and UK data could trigger volatility. Stay prepared and manage risks accordingly.
GBP/USD breaks below key range lows near 1.2620, testing critical support at the 200-day moving average around 1.2550. With BoE rate cut speculation rising and Fed policy divergence ongoing, the pair’s short-term direction is uncertain. Will the 200DMA halt the slide or is further downside ahead? Analysis adapted from Matt Weller, FOREX.com.
GBP/USD has resumed its decline, retreating from key resistance near 1.2650 and trading around 1.2540 as bearish momentum strengthens. Technical indicators and market sentiment suggest further downside risk unless the pair holds above immediate support at 1.2520. Economic uncertainties in the UK and a firm US dollar continue to drive this trend. Stay tuned for updates. #Forex #GBPUSD
GBP/USD is poised for a breakout after weeks of consolidation between 1.2500 and 1.2700. Technical signals show narrowing volatility and key support/resistance levels hold the key to the next directional move. Traders should watch 1.2500 support and 1.2700 resistance closely for trading opportunities. Analysis by Dr Michael Hunter, DailyForex.com. #Forex #GBPUSD #TechnicalAnalysis
UK headline CPI cools to 2.3%, edging closer to the Bank of England’s 2% target, yet services sector inflation remains sticky at 5.9%, reflecting ongoing wage and rental pressures. GBP/USD stays steady amid mixed signals, as BoE faces a cautious policy path ahead.
— Richard Snow, originally for Seeking Alpha
Chart of the Day: GBP/USD plunges as the UK economy signals mounting weakness and the Bank of England faces increasing pressure to cut rates. Stagnant growth, rising borrowing costs, and easing inflation expectations are driving traders to reprice the pound amid uncertainty. Full analysis by XTB Research Team.
GBP/USD has entered a consolidation phase, trading between support near 1.2700 and resistance at 1.2760, reflecting market indecision amid mixed UK economic data and cautious BoE signals. Meanwhile, USD/CAD is strengthening, supported by firm US dollar demand and resilient Canadian economic indicators. Traders should watch for breakouts tied to upcoming macro events and central bank commentary. Analysis by ActionForex.com.
