GBP/USD snapped its three-day winning streak, closing slightly lower but staying range-bound amid mixed signals from UK and US economic data. With Fed cautious on rate cuts and BoE outlook uncertain, the pair remains locked between 1.2600 and 1.2800, reflecting ongoing market indecision and balanced positioning.
Pound to Euro rate remains flat today as the Euro shows resilience despite higher Eurozone unemployment. Market awaits ECB guidance amid ongoing UK economic uncertainty and mixed signals from labour data. GBP/EUR trades steady around 1.17 with limited volatility.
GBP/USD is testing the crucial 100 and 200-hour moving averages near 1.2650–1.2660. These levels now represent key battlegrounds for buyers aiming to push higher and sellers defending short-term resistance. Watch for a decisive break above or below to signal the next directional move amid mixed UK and US data influences.
The U.S. dollar showed strong recovery after a recent pullback, supported by solid economic data, Fed caution, and safe-haven demand. EUR/USD slipped below 1.0900 amid eurozone softness and ECB rate cut expectations. GBP/USD fell beneath 1.2700 as UK inflation eases and political uncertainty rises. USD/CAD benefits from higher U.S. yields despite oil price volatility. USD/JPY strengthened as risk-off sentiment persists. Watch key support and resistance levels amid ongoing monetary policy divergence and global tensions.
Pound Sterling faces pressure amid weakening UK labour market data, signaling potential slowed wage growth and reduced hiring. Meanwhile, the US Dollar stays supported by safe-haven demand, though risks of shifting Fed policy and stretched valuations suggest volatility ahead. Traders should watch GBP/USD closely as the economic landscape evolves.
— Based on Timothy Maxwell, Currency News UK
GBP/USD nears 1.35 as UK inflation stays elevated and the Bank of England maintains a hawkish stance. Meanwhile, the US dollar weakens amid slowing growth and expectations of Fed easing. Traders should watch upcoming inflation data and central bank signals for the next major move. #Forex #GBPUSD #Inflation
GBP/USD is showing stronger bullish momentum as of early October 2025. Key technical indicators point to an approaching breakout above resistance at 1.2680, supported by improving UK economic data and a softer US Dollar. Traders should watch for confirmation of the ascending triangle pattern and sustained volume for further gains. Analysis inspired by Economies.com. #Forex #GBPUSD
GBP/USD, known as Cable, is testing the key 1.35 level as sterling gains strength amid strong UK economic data and diverging central bank policies. A close above 1.35 could pave the way toward 1.36 and beyond, while a rejection may lead to consolidation. Market eyes remain on upcoming data and BoE signals.
GBP/USD has tested the 1.35 level amid renewed bullish momentum for Cable. Strengthening UK economic data, improved market sentiment, and a dovish Fed stance are fueling the rally. Technicals suggest that a sustained break above 1.35 could open the way to higher targets, while failure to hold may trigger a pullback. Traders remain watchful for key developments influencing both central banks.
GBP/USD climbs as US ADP jobs data disappoints and fears of a US government shutdown weigh on the Dollar. With the Fed’s policy outlook turning cautious and the BoE maintaining hawkish signals amid persistent UK inflation, Sterling gains momentum against a softer greenback. #Forex #GBPUSD
