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
GBPUSD remains trapped in a tight range after multiple false breakouts. Are we on the verge of a genuine breakout fueled by shifting BOE and Fed dynamics, or is this just another stall in a choppy market? Dive deep into the technical and fundamental factors shaping the pair’s next move. #forex #GBPUSD #tradinganalysis
GBP/USD holds firm near 1.35 as rising bets on Fed rate cuts weigh on the dollar. With Fed signaling potential easing and UK economic resilience, the pair eyes upside, while 1.35 remains a key support level for traders to watch.
The Forex market on September 11, 2025, shows the US dollar’s resilience amid strong US data and Fed hawkishness, while the euro struggles with sluggish Eurozone growth and dovish ECB signals. The yen remains weak due to BoJ’s ultra-loose policy despite occasional safe-haven interest. Traders should watch central bank cues and global economic indicators for the next moves.
Credit: Mitrade News/Editor Team | Original Source: mitrade.com
US inflation data surprised to the upside, pushing the dollar higher and putting Fed rate cut prospects into question. Meanwhile, the pound remains cautious ahead of UK GDP figures as investors weigh growth outlooks on both sides of the Atlantic.
Forex Market Update: The US dollar remains strong ahead of key US inflation data, supported by resilient economic indicators and expectations of a patient Fed. Euro and pound ease amid cautious ECB and BoE outlooks, while the yen stays weak as the BOJ maintains ultra-low rates. Markets await CPI figures for further direction.
GBP/USD holds steady near 1.3520 as traders await key US CPI and UK GDP data releases. Market caution persists ahead of these reports that could shift expectations for Federal Reserve and Bank of England policy, keeping the pair range-bound for now.
DXY rebounds as the latest PPI data misses expectations, tempering market bets on a 50bp Fed rate cut. This shifts Fed easing speculation, underpinning USD strength. EUR/USD, GBP/USD, USD/CAD, and USD/JPY now face adjustments amid recalibrated U.S. monetary expectations. Full analysis at FXEmpire by James Hyerczyk.
EUR/USD regained ground as the US dollar softened following mixed economic data, including stabilizing inflation and a cooling labor market. This eased expectations for additional Fed hikes, supporting the euro despite ongoing Eurozone economic challenges. Traders now eye key technical levels for the pair’s next move.
The US dollar has shown resilience so far in 2024, supported by strong economic data and a cautious Fed. With key inflation figures due soon, expect potential volatility as markets react to readings that will signal the pace of future monetary policy. Traders should watch closely as the dollar’s next move hinges on this crucial data.
GBP/USD remains capped below 1.3550 as markets await US inflation data for direction. With hawkish Fed expectations and cautious sterling sentiment, traders eye CPI numbers for clues on the next move. Stay tuned.
— Azeez Mustapha | FXDailyReport.com
