GBP/USD has slipped to a six-month low following the Bank of England’s decision to hold interest rates steady at 5.25%, signaling a cautious approach amid inflation uncertainties. As global peers move toward easing policies, sterling’s near-term outlook faces growing headwinds from subdued UK growth and political uncertainty. Traders should watch key domestic data and central bank cues closely.
The US dollar is surging sharply in early North American trading, driven by stronger-than-expected economic data and shifting Fed rate-cut expectations. Key levels broke across major pairs, signaling renewed strength in the greenback. Traders should watch for further momentum and how the Fed responds to resilient economic indicators. Credit to Adam Button, ForexLive, and TradingView for detailed analysis.
GBP/USD fell sharply to 1.3160 amid growing UK fiscal crisis concerns. Doubts over government spending and rising gilt yields are rattling markets, with inflation pressures and economic data adding to uncertainty. Key support at 1.3000 now under watch as bearish momentum builds.
GBP/USD found strong support at 1.3200 after a sharp sell-off triggered by the Fed’s hawkish stance. Despite initial losses, this level held firm, suggesting it may act as a floor amid ongoing market volatility. Watch key resistance near 1.3250 for signs of renewed momentum. Analysis by ActionForex.com.
The USD/JPY surged after the Bank of Japan kept rates steady but hinted at possible future hikes, weakening the yen amid persistent US dollar strength. Meanwhile, EUR/USD and GBP/USD showed little movement, maintaining narrow ranges as traders await further economic cues.
GBP/USD extends its steep decline as growing expectations for a Bank of England rate cut weigh on the pound. Soft UK data and dovish BoE signals contrast with resilient US economic strength, reinforcing bearish momentum. Key support near 1.2500 in focus. #forex #GBPUSD
The British pound has dipped below 1.32 against the US dollar following the Federal Reserve’s interest rate cuts. Divergent monetary policies and contrasting economic outlooks are weighing on GBP/USD. What lies ahead for the pair in 2025-2026 will depend on growth, inflation, and central bank moves on both sides of the Atlantic.
The British Pound has slipped below 1.32 against the US Dollar following the Federal Reserve’s recent 25 basis point rate cut. Despite the dollar’s initial weakening, GBP faces headwinds from UK’s subdued economic data, the Bank of England’s cautious outlook, and rising domestic political uncertainty. Analysts now anticipate further volatility and potential declines toward support levels near 1.31 as 2026 approaches. Stay tuned for evolving forecasts on the GBP/USD pair.
Original reporting by James Elliot, exchangerates.org.uk
The British Pound has slipped below 1.32 against the US Dollar following the Federal Reserve’s unexpected rate cut. This move highlights growing uncertainty as the Fed eases while the Bank of England faces inflation pressures amid sluggish UK growth. Market volatility and diverging central bank policies are set to influence GBP/USD through 2025 and beyond. Stay tuned for updated forecasts.
The U.S. dollar remains resilient amid a strong economy and a cautious Federal Reserve stance, shaping Forex markets worldwide. While the ECB shifts towards easing and the BoJ maintains loose policy, dollar strength pressures the euro and yen, setting a pivotal tone for currency traders in 2024. #Forex #USD #CentralBank
