U.S. dollar tests weekly highs amid persistent inflation and strong jobs data, fueling speculation on Fed policy. EUR/USD faces pressure around 1.0650 support, GBP/USD struggles with BoE caution, while USD/CAD and USD/JPY reflect divergent central bank outlooks. Full analysis by James Hyerczyk on FXEmpire.
GBP/USD update for 7 October 2025: Price remains range-bound between support at 1.2050–1.2000 and resistance near 1.2120–1.2175. Technicals show bearish moving averages and neutral RSI, signaling consolidation. Watch for a breakout above 1.2175 to confirm upside momentum amid mixed UK data and a cautious Fed stance. Stay alert to economic releases impacting volatility.
— Gary Christie, DailyForex.com
The US dollar remains steady as traders await this week’s FOMC minutes and the delayed June Non-Farm Payrolls report, scheduled for July 5 due to the holiday. Focus is on signals about the Fed’s rate cut timing and labor market strength, with key attention on GBP/USD and EUR/USD amid differing central bank paths and upcoming UK election uncertainty.
GBP/USD is showing renewed strength as it gathers momentum above key support levels. Improved UK inflation data and easing Fed rate hike expectations are fueling bullish sentiment. Watch for a potential breakout above 1.2740 as technical indicators signal further upside.
GBP/USD is building on recent gains, trading above the 1.2500 support zone with bullish momentum supported by improving UK economic indicators and a softer US dollar. Key resistance lies near 1.2655 and 1.2710. Watch for potential continuation amid positive fundamentals and strong technical signals. #Forex #GBPUSD
GBP/USD has slid to a multi-week low of 1.3433 amid broad US dollar strength and renewed economic uncertainty in the UK. Hawkish Fed signals, stalled UK growth, and central bank divergence continue to weigh on the pound. Technicals suggest further downside risk, with key support near 1.3400 in focus. Traders should watch upcoming UK inflation and labor data for direction.
GBP/USD tumbles to 1.3433 amid a stronger US dollar and dovish Bank of England signals. Geopolitical risks, resilient US data, and Brexit uncertainties weigh on the pound. Key support at 1.3400 and resistance near 1.3500 to watch in the coming days. #Forex #GBPUSD
The Fed’s dovish shift contrasts with the Bank of England’s cautious inflation fight, placing pressure on sterling as GBP/USD navigates diverging monetary policies. Market focus sharpens on economic data and geopolitical factors amid heightened volatility and political uncertainty.
The U.S. dollar strengthens sharply amid political turmoil in France, as investors seek safe-haven assets. Macron’s snap elections and rising far-right influence fuel euro weakness, impacting EUR/USD and GBP/USD. Meanwhile, USD/CAD and USD/JPY also react to shifting risk sentiment and yield differentials. Analysis by Alexander Kuptsikevich explores these dynamics and key support/resistance levels across major pairs. #Forex #USD #EURUSD #GBPUSD #USDCAD #USDJPY
FTSE 100 approaches the key 9,500 level, fueled by strong earnings and commodity gains, while GBP/USD remains range-bound amid central bank caution. Meanwhile, gold eyes the $4,000 mark, supported by geopolitical tensions and inflation concerns. Market watchers should brace for potential volatility as these critical thresholds are tested.
— Analysis by Chris Beauchamp, IG Group
