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
In 2025, the British Pound is expected to hold below key resistance against the Euro while likely advancing against the US Dollar. Bank of England policy moves, UK political clarity post-2024 election, and relative economic performance will be critical in shaping sterling’s path.
GBP/USD remains rangebound heading into the week of Aug 31–Sep 5 amid mixed UK data and Fed uncertainty. Watch UK Manufacturing PMI and US Non-Farm Payrolls for key market moves. Technicals show support near 1.2670 and resistance at 1.2890. A breakout either way could set the tone for September’s trading.
GBP/USD reversed just ahead of its March lows, sparking a three-day rally that recaptured some of March’s losses. The turnaround reflects shifting rate expectations for both the Bank of England and the Fed, mixed UK economic data, and profit-taking on dollar longs. Key resistance near 1.2740-1.2750 will be critical for continued upside momentum.
GBP/USD reversed sharply after testing March lows near 1.2545, sparking a three-day rally amid dollar weakness, BoE caution on rate cuts, and stronger UK economic data. Market sentiment shifts as traders weigh inflation and central bank signals heading into mid-April.
GBP/USD reversed just above March’s key support, sparking a three-day rally fueled by softer US data and Fed dovishness. Technicals show improved momentum with resistance near 1.2650-1.2700 in focus. Watch for next moves as traders weigh UK resilience against US dollar trends. Credit: Fiona Cincotta, FOREX.com
GBP/USD rebounds sharply after testing March lows, sparking a steady three-day rally. Technical support, shifting BoE and Fed policy expectations, and improved risk sentiment have fueled the turnaround. Matt Weller’s in-depth analysis highlights a cautiously optimistic outlook for Cable ahead. #Forex #GBPUSD
GBP/USD has reversed course just ahead of its March low, sparking a three-day rally that pushed the pair back above 1.2600. Supported by UK economic resilience and cautious Fed rate expectations, the pair now eyes resistance near 1.2650–1.2680. Traders should monitor central bank signals and economic data for clues on the next move.
GBP/USD has paused its recent selloff, carving a bullish engulfing candlestick on the daily chart—a classic signal that bears may be losing control. Supported near 1.2600, this pattern hints at a potential short-term reversal amid evolving UK fundamentals and shifting BoE expectations. Traders should watch key resistance levels around 1.2700–1.2800 for signs of sustained recovery or renewed selling pressure.
Don’t overprice a September Fed rate cut. Despite market bets on easing, the US Dollar remains supported by resilient labor data, sticky inflation, and cautious Fed guidance. Mixed economic signals suggest that premature dovish expectations risk reversal—trade the USD with discipline ahead. #Forex #USD #Fed
As mid-2024 unfolds, the US Dollar stays firm amid strong economic data and Fed caution. Investors should be wary of overpricing a September rate cut, as inflation and labor markets remain robust. The Fed signals patience, keeping the dollar supported near multi-week highs.
