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 breaks critical support near 1.2710, signaling a bearish shift as price closes below key levels. Technical indicators confirm momentum favoring further declines, with next supports at 1.2625 and 1.2570 in focus. Market watchers should monitor UK economic data and USD strength, which continue to influence the pair’s trajectory. #Forex #GBPUSD #TechnicalAnalysis
GBP/USD breaks critical support at 1.2650, signaling strengthened bearish momentum amid US dollar strength and UK economic uncertainties. Key levels to watch: support near 1.2590 and 1.2500, resistance around 1.2650 and 1.2730. Traders should monitor RSI and MACD for potential trend continuation or reversal. Analysis by Economies.com, July 29, 2025.
The US dollar gains momentum against the euro ahead of the Federal Reserve’s policy decision. Strong US economic data and a hawkish Fed contrast with slowing Eurozone growth and ECB easing, keeping EUR/USD under pressure as markets seek clear signals on future monetary policy.
The U.S. Dollar gains momentum as traders focus on renewed optimism in U.S.-EU trade talks, elevated Treasury yields, and divergent central bank policies. EUR/USD faces downside pressure amid Eurozone weakness, while GBP/USD grapples with policy uncertainty. USD/CAD and USD/JPY respond to shifting risk sentiment and economic data. Market attention turns to upcoming data and central bank statements for clues on the dollar’s next moves. Analysis by Vladimir Zernov at FX Empire.
GBP/USD has fallen to 1.3401 as the Federal Reserve’s hawkish stance strengthens the dollar. Elevated inflation concerns, delayed rate cuts, and robust U.S. economic data boost the greenback, while UK growth doubts and BoE caution weigh on the pound. Market focus shifts to how these dynamics will shape the currency pair’s trajectory.
GBP/USD has plunged to 1.3401 as the Federal Reserve’s hawkish stance boosts the US dollar. With inflation concerns fueling expectations of further rate hikes, the pound faces pressure amid weaker UK data and political uncertainty. Traders eye key support levels as dollar momentum strengthens. #Forex #GBPUSD
The recent GBP/USD rally to 1.2800 has paused as markets await Wednesday’s Fed rate decision. With the Fed expected to hold rates but signal future moves, and the BoE’s policy outlook still uncertain, the pound’s short-term trajectory hinges on central bank cues and economic data this week.
The U.S. Dollar gained strength on July 29, 2025, ahead of the Federal Reserve meeting amid rising rate hike expectations and robust economic data. The Euro and Sterling weakened due to regional economic concerns and monetary policy divergence, while the Yen fell sharply as USD/JPY approached 160. Credit: Mitrade News Team
Original Source: Mitrade Live Forex News, July 29, 2025
GBP/USD has dipped to a one-week low amid rising concerns over EU-US trade tensions and persistently weak UK economic data. With ongoing volatility and risk aversion shaping markets, sterling faces pressure against a resilient US dollar. Watch this space for further developments.
GBP/USD remains under pressure as broad USD strength, supported by resilient US economic data and Fed hawkishness, limits Sterling’s recovery. Watch key supports around 1.2700 and upcoming US and UK data for directional cues. #FX #GBPUSD
— FXStreet News Team
