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 holds steady at the key 1.3500 level after weeks of volatility, signaling a critical juncture for traders. How will UK inflation trends, BoE policy, and Fed decisions shape the next directional move? Our latest analysis dives into technical cues and fundamental drivers behind this pause. Stay tuned for what’s next.
The British pound surged past $1.28 against the US dollar after May’s US inflation data beat expectations, boosting hopes for Federal Reserve rate cuts later this year. Oil and gold prices also reacted, reflecting shifting market sentiment amid expectations of softer monetary tightening.
Pound remains steady above $1.27 against the dollar amid cautious market sentiment ahead of key US inflation data and central bank meetings this week. Traders brace for potential volatility as the Fed, BoE, and ECB set the tone for interest rates and economic outlooks.
GBP/USD has pulled back below its 100-hour moving average, currently trading near 1.3449. This signals a pause in recent bullish momentum amid a stronger US dollar and mixed UK economic signals. Traders will watch key support at 1.3420 and resistance around 1.3500 for clues on the next directional move.
Gold presents a strategic buy opportunity as geopolitical tensions and inflation concerns drive demand. Technical analysis shows strong support near $2,280–$2,320 and resistance around $2,420–$2,450. A breakout above could target $2,500 and beyond. Stay alert for trend shifts as the market consolidates ahead of potential gains. Insights from FXStreet’s Ross J. Burland.
Fed signals hinting at rate cuts are stirring volatility in the US Dollar ahead of May’s PCE report. Markets watch closely as GBP/USD and EUR/USD respond to shifting inflation expectations and dovish Fed tones. Key support and resistance levels now guide potential moves for DXY and major pairs.
The US dollar faces uncertainty as Fed signals hint at possible rate cuts in 2024, stirring volatility ahead of the key May Core PCE inflation data. Market eyes remain on GBP/USD and EUR/USD pairs, with dollar moves hinging on inflation outcomes and shifting Fed expectations. Traders await clarity on the dollar’s near-term direction. (Credit: James Hyerczyk, FX Empire)
GBP/USD is testing the crucial confluence zone around 1.3500, where the nine-day EMA offers dynamic support. This level acts as a psychological and technical pivot amid cautious market sentiment and mixed fundamentals. Watch for price action near this zone to signal the pair’s next direction. Analysis by Anil Panchal on FXStreet.
GBP/USD is testing the key confluence zone around 1.3500, supported by the nine-day EMA. With hawkish Fed signals strengthening the dollar and the BoE maintaining a cautious tone, this area will be crucial for determining the near-term direction of the pair. Traders should watch for a clear break or hold here to gauge the next move.
GBP/USD is showing signs of bullish momentum, testing key resistance around 1.2700 amid encouraging UK economic data and technical support near 1.2600. Traders will watch for a sustained break above this level to confirm further upside. Insights from Economies.com (Aug 29, 2025). #Forex #GBPUSD
