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
Pound sterling gains ground against the US dollar, with GBP/USD approaching 1.35 ahead of the crucial US ISM PMI release. Market participants await this key economic indicator to assess the trajectory for central bank policies and currency trends into late 2024. Investors remain watchful as UK resilience meets US economic crosscurrents.
The British pound edges closer to 1.35 against the US dollar as markets await the upcoming US ISM Manufacturing PMI. With mixed US economic signals and a resilient UK outlook, investors watch closely for clues that could shape Federal Reserve policy and influence GBP/USD momentum in 2025.
Pound to US Dollar (GBP/USD) nears 1.35 as markets await the upcoming US ISM PMI release. Recent moves reflect caution amid diverging UK and US economic signals, with traders watching key data to gauge the next direction for the pair. Stay tuned for potential volatility around this critical indicator.
GBP/USD edges closer to 1.35 as Sterling gains momentum amid robust UK inflation and wage growth. Attention now turns to the US ISM PMI data, a potential catalyst for Dollar direction. Will the Pound extend its rally or face resistance? Market eyes fixed on this key economic indicator. #Forex #GBPUSD #ISM_PMI
GBP/USD hovers near 1.35 ahead of the US ISM Manufacturing PMI report. Strong UK data keeps Sterling resilient, while mixed US signals and PMI outcomes will likely shape Fed policy expectations and market direction. Watch closely for volatility this week. #FX #GBPUSD
GBP/USD hovers at 1.3528, testing the crucial 1.3600 resistance level amid mixed UK economic data and cautious BoE signals. Market eyes remain on inflation trends, labor market dynamics, and Fed policy shifts as traders weigh the next move for the Pound-Dollar pair.
The U.S. dollar is pulling back as markets price in a more dovish Federal Reserve amid cooling inflation and moderating growth. Treasury yields retreat while risk sentiment improves, boosting currencies like the euro and pound. Watch EUR/USD, GBP/USD, USD/CAD, and USD/JPY for technical moves amid evolving Fed rate cut expectations.
GBP/USD hovers near 1.2799 amid mixed signals. Resistance at 1.2802 caps upside; support zone between 1.2730-1.2740 critical for bulls. Watch for a sustained break above 1.2800 for bullish momentum toward 1.2892 and beyond. Failure could see a pullback to 1.2665 or lower. Market sentiment remains cautious amid US and UK macro updates. #Forex #GBPUSD
EUR/USD remains pressured as the US dollar holds firm after stronger-than-expected ISM manufacturing data. Market focus shifts to the Federal Reserve’s upcoming decisions amid diverging economic signals from the US and eurozone. Technicals point to key support near 1.0730, with potential for further downside if the greenback stays resilient.
GBP/USD is under focus as the USD shows fragility amid growing expectations of a Fed rate cut later this year. Softer US inflation and labor data weigh on the Dollar, while stronger UK economic indicators and a cautious Bank of England support the Pound. Policy divergence and macro trends point to potential gains for GBP/USD as 2025 progresses.
