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
ING projects the Pound Sterling to strengthen against the US Dollar, targeting a GBP/USD range of 1.36 to 1.38 by August 2025. Key drivers include monetary policy normalization, easing inflation, and improved UK growth prospects. Investors should watch BoE moves and global risk sentiment closely. #FX #GBPUSD #INGForecast
GBP/USD is testing a key bearish trend line amid subdued momentum and mixed fundamental signals. Failure to break above resistance near 1.2900 could accelerate downside toward 1.2665 and lower supports. Stay tuned for full technical and fundamental insights from Economies.com’s August 8, 2025 analysis.
Credit: Original article by Mitrade News Team.
This week in forex, the US dollar rebounded strongly on robust economic data, while the Japanese yen hit multi-decade lows amid persistent policy divergence. Euro and pound faced pressure from weak European growth signals. Market volatility remains elevated as traders weigh central bank actions and economic outlooks.
The GBP/USD exchange rate rallied sharply after the Bank of England’s MPC revealed a narrow 6-3 vote to hold interest rates at 5.25%. This unexpected hawkish tone underscores persistent inflation concerns and signals the BoE’s cautious approach, boosting sterling strength amid a softer US dollar. Markets now eye key resistance near $1.3000 as momentum builds.
The British pound rallied sharply against the US dollar after the Bank of England’s August 2025 MPC vote revealed a narrower split than expected, signaling caution on rate cuts. This hesitation boosted GBP/USD, hitting multi-week highs as markets reassess the Bank’s policy path amid persistent inflation concerns. Source: Foreword and base information from Gary Howes, ExchangeRates.org.uk.
GBP/USD surged following the Bank of England’s unexpected split vote, with 7 members backing no change at 5.25% and 2 favoring a cut to 5.00%. The divided stance fueled volatility as markets recalibrated rate cut expectations, reflecting ongoing uncertainty over inflation and growth in the UK.
Is the EUR/USD top in? Recent price action shows the pair struggling near 1.1138 resistance with lower highs forming. Key levels to watch: support at 1.0830 and 1.0720, plus the trend line from 2022 lows. A break below support could confirm a pullback, while a push above 1.1138 may spark further gains. Stay tuned. Original analysis by Justin Bennett, Daily Price Action.
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Mid-week Forex Outlook:
The US Dollar Index (DXY) retains bullish momentum, supported by strong US labor data, persistent inflation, and hawkish Fed signals. EUR/USD faces downward pressure as ECB’s dovish tone and weak Eurozone data widen divergence with the Fed. GBP/USD is sensitive to Brexit developments and UK inflation figures. Gold remains range-bound amid mixed risk sentiment and fluctuating real yields. Key technical levels and yield spreads will shape the next moves across these markets. Stay tuned for critical updates.
Sterling faces pressure as markets price in a dovish BoE rate cut, leaving GBP/USD and GBP/JPY vulnerable. Soft UK data and cautious BoE guidance contrast with a hawkish Fed, intensifying downside risks for the pound in the near term. Monitoring support levels will be key amid ongoing policy divergence.
