GBP/USD faces downside risks as market caution grows amid geopolitical tensions and equity volatility. With the BoE hinting at a pause in hikes and US economic resilience supporting the dollar, the pound may test the key $1.30 level. Closely watch inflation and policy signals on both sides for direction. #Forex #GBPUSD
GBP/USD is pushing lower, approaching key November lows near 1.2300 amid hawkish Fed signals and soft UK data. Technicals show a medium-term downtrend with resistance near 1.2650. A break below 1.2300 could signal deeper declines. Original analysis by Adam Button at InvestingLive.com. #Forex #GBPUSD #TechnicalAnalysis
The U.S. dollar pushes to new highs this week as traders await the FOMC meeting minutes for clarity on the Fed’s next moves. EUR/USD struggles below 1.0850 amid ECB rate cut hints, GBP/USD holds near 1.2700 with cautious optimism, USD/CAD rises past 1.3600 on softer oil prices, and USD/JPY eyes resistance around 148. Stay tuned as policy signals drive forex dynamics.
GBP remains under pressure against USD after UK CPI met expectations but showed persistent core inflation. Market focus shifts to Bank of England’s March meeting and upcoming Spring Budget amid weak growth and recession worries. Rate cuts still priced in for late 2024. #GBPUSD #ForexForecast
The GBP/USD has faced headwinds due to strong US economic data, a hawkish Fed, and global risk aversion. Yet, cautious BoE policy shifts and UK political uncertainties may set the stage for a Sterling rebound. Traders should watch interest rate differentials and UK growth signals closely for signs of a Pound to Dollar renaissance.
Pound sterling weakens as global equity selloff intensifies and risk aversion rises. Investors flock to the US dollar for safety, pushing GBP/USD below 1.2400. UK economic uncertainties and cautious BoE outlook add pressure. USD’s safe-haven status and resilient US economy support further dollar gains. #Forex #GBPUSD #USD
GBP weakens against USD amid broad equity selloff and rising safe-haven demand. Mixed UK economic data and cautious BoE stance add pressure, while political uncertainty fuels further downside risks. Watch key support near 1.2100 as markets navigate volatility and risk aversion. #GBPUSD #Forex
The British pound (GBP) is weakening against the US dollar (USD) amid a global equity selloff and rising safe-haven demand for the dollar. Heightened market volatility, sluggish UK growth, and divergent central bank policies are driving GBP/USD lower, with technical signals pointing to further downside risks. Traders should monitor evolving risk sentiment and economic data closely.
— Analysis by James Elliot, CurrencyNews.co.uk
Stocks staged a solid rebound after weeks of volatility, driven by easing risk aversion and more balanced Fed commentary. Meanwhile, the US dollar sits at a technical crossroads as EUR/USD, GBP/USD, and USD/JPY trade near key levels. Watch for data and sentiment shifts to guide near-term USD moves. — Matt Weller, CFA, CMT, Forex.com senior market analyst
GBP/USD holds near 1.2700 amid moderate volatility, consolidating between support at 1.2682 and resistance at 1.2802. Technical indicators show neutral momentum with no decisive breakout yet. A daily close above 1.2802 could open paths toward 1.2892, while a break below 1.2682 risks testing 1.2568. Stay tuned as macro data and central bank cues guide the next direction. Credit to ActionForex.com for the detailed analysis.
