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 firm around 1.3500 as sterling balances persistent UK inflation pressures against cautious Bank of England policy, while the US dollar reacts to Federal Reserve’s steady approach to rate hikes. Markets await fresh data for clearer direction.
The U.S. dollar surged following stronger-than-expected housing starts and building permits data, signaling ongoing economic resilience. This lifted the dollar broadly against majors, pushing EUR/USD below key support at 1.0700 and GBP/USD to weekly lows. USD/CAD gained as oil prices dipped, while USD/JPY rallied to new multi-decade highs. Robust U.S. housing data strengthens the case for sustained Fed hawkishness, shaping near-term Forex dynamics across these pairs.
The Forex market faces notable volatility this week as the US dollar extends gains amid resilient economic data and hawkish Fed signals. Euro struggles with stagflation concerns, while the yen hits multi-decade lows on BoJ’s ultra-loose policy. Watch key data and central bank cues for direction. Source: Mitrade News Live (kimmy@mitrade.com) #Forex #USD #EURUSD #USDJPY
GBP/USD edges lower to around 1.3500 in early European trading amid a stronger US dollar and mixed UK economic data. Market watchers remain cautious as Fed’s hawkish outlook contrasts with the Bank of England’s cautious stance, keeping the pound under pressure.
GBP/USD eased to around 1.3500 in early European trade as the US dollar gained safe-haven appeal amid global uncertainties and vaccine concerns. Sterling remains under pressure below the 1.3600 resistance, with investors eyeing UK economic data and BoE signals for direction. Technical support near 1.3500 is key—breach could prompt further declines.
GBP/USD remains in a consolidation phase near key levels after last week’s rally halted below resistance around 1.2800. Support holds near 1.2620, with bulls eyeing a breakout toward 1.2900–1.3000. Caution advised as momentum indicators signal mixed short-term bias. Watch for catalyst-driven moves. #forex #GBPUSD
GBP/USD remains range-bound below major moving averages, with resistance near 1.2799 and support at 1.2633. A break above 1.2799 could spur a recovery toward 1.2876 and 1.2994, while failure here may see renewed downside pressure below 1.2633. Traders should watch key levels for directional cues. Analysis via ActionForex.com.
Last week’s forex market saw modest volatility amid mixed economic data and cautious central bank signals. The dollar held steady as Fed’s rate hike pause contrasts with dovish ECB and BoJ stances. Watch for US retail sales and central bank updates this week as key drivers for FX trends ahead.
EUR/USD remains under pressure amid heightened market volatility as divergent economic data and monetary policies drive investor caution. Focus shifts to upcoming Eurozone growth figures and US inflation releases for clues on the pair’s next move. Stay tuned for updates. #Forex #EURUSD
The Forex market on August 19, 2025, saw the US dollar strengthen amid cautious central bank policies and mixed global economic data. Emerging market currencies faced pressure as risk sentiment declined, while major pairs like EUR/USD and GBP/USD slid on weaker regional indicators. For detailed insights, credit to the original article by Mitrade News Team.
Source: Mitrade Forex Analysis, 19 August 2025
