Rising fiscal concerns in the UK are weighing heavily on the pound, driving GBP/USD down to a seven-month low against the dollar. Weak growth, persistent inflation, and borrowing worries are fueling investor uncertainty as the UK faces mounting economic challenges.
The U.S. dollar extends its rally, testing new highs as strong economic data and Fed’s hawkish tone underscore its appeal. EUR/USD and GBP/USD face downward pressure amid economic divergence and cautious central banks, while USD/CAD and USD/JPY reflect relative growth differentials and safe-haven flows. Market focus remains on inflation and policy updates.
Cable (GBP/USD) tumbles to fresh seven-month lows as the market braces for the Bank of England’s rate decision. Weak UK growth and inflation data, combined with a strong U.S. dollar and hawkish Fed stance, keep sterling under pressure. Key support around 1.2500 breaks, raising questions about further downside ahead.
GBP/USD sellers maintain downward momentum, approaching key support zones near 1.2500, 1.2440, and 1.2350. Bears dominate technicals with price below major moving averages and no signs of exhaustion yet. Watch for potential bounces around 1.2630 and 1.2720. #FXAnalysis #GBPUSD
The US dollar continues to demonstrate strength against major currencies as EUR/USD and GBP/USD face downward pressure, while EUR/GBP reflects this dynamic through persistent volatility. According to FX Empire’s Christopher Lewis, diverging central bank policies and robust US economic data support the dollar’s dominance in forex markets. Traders should watch for key support and resistance levels as the dollar’s momentum remains firmly in control.
Read the full forecast here: https://www.fxempire.com/forecasts/article/eur-usd-gbp-usd-and-eur-gbp-forecast-us-dollar-continues-to-show-strength-1559187
Rabobank’s latest forecast signals continued bearish momentum for GBP/USD as the Pound faces pressure from cautious Bank of England policy, sluggish UK economic data, and political uncertainty ahead of the 2024 UK election. USD strength fueled by Fed’s hawkish stance further weighs on GBP. Year-end 2024 target: 1.23, with gradual recovery to 1.28 expected by end-2025. Analysis by James Elliott for ExchangeRates.org.uk.
GBP/USD remains under pressure as investors await the Bank of England’s rate decision amid a challenging UK economic outlook. Persistent inflation, slowing growth, and labor market strains are fueling uncertainty. Market eyes whether the BoE opts for a final hike or a pause in tightening.
Credit: Yohay Elam, ForexCrunch.com
GBP/USD update for November 4, 2025: After a solid rebound from late October lows, the pair trades near 1.2680, supported by UK labor resilience and cautious BoE signals. Watch resistance at 1.2730–1.2750; a break could open upside toward 1.2800. Support at 1.2650 and 1.2550 remains key. Momentum favors buyers but stay alert to US data shifts. Analysis by Crispus Nyaga via DailyForex.
GBP/USD finds firm footing at 1.3150, pausing its recent decline as buyers step in to defend key support. Technical indicators highlight oversold conditions, while mixed UK data and US dollar dynamics shape sentiment. Traders watch closely for the next directional cue. #GBPUSD #Forex #Trading
GBP/USD pauses its recent decline near 1.3150, as traders weigh mixed UK economic data and a resilient US dollar boosted by hawkish Fed signals. Market eyes BoE’s cautious stance and upcoming data releases for next directional cues.
