GBP/USD extends its bullish recovery into a second day, firmly supported by the 1.34 level. Technical momentum and easing US dollar strength underpin the rebound, while market participants closely watch central bank cues and UK-US economic data for the next directional cues.
GBP/USD extends its two-day bullish recovery, holding above the key 1.34 level. Supported by improved risk sentiment, US dollar softness, and resilient UK data, the pound looks poised to challenge resistance near 1.3475 as markets eye Bank of England policy signals.
GBP/USD extends two-day bullish recovery, holding firm above the key 1.3400 support level. Dollar weakness, hawkish Bank of England expectations, and stronger UK data underpin sterling’s rebound. Watch resistance at 1.3500 and 1.3530 as the pair eyes further gains amid mixed US economic signals.
GBP/USD extends its two-day bullish recovery by holding firm above the key 1.34 level. Technical setups suggest potential for further gains if resistance at 1.35 is breached, while fundamental factors like UK economic resilience and shifting BOE expectations support the Pound’s rebound against the US Dollar. Traders remain watchful of key levels for confirmation.
Pound Sterling gains momentum against the US Dollar as GBP/USD climbs near 1.2715 amid a lack of fresh US economic data. Market positioning, stabilizing UK sentiment, and easing demand for safe havens support GBP strength, while the Dollar lags with no new catalysts. Traders watch key technical levels for next moves.
Texas manufacturing growth slowed notably in September, per the Dallas Fed survey, signaling potential softening in US economic momentum. Forex markets may respond with a weaker US dollar as traders reassess Fed rate hike prospects amid cooling demand and moderating price pressures.
GBP/USD climbs as growing bets on a Fed rate cut weaken the US dollar amid signs of economic slowdown. Meanwhile, looming US government shutdown risks increase market uncertainty, prompting investors to seek alternatives like the Pound Sterling. UK’s steady GDP and inflation trends support BoE’s cautious stance. Traders should watch for developments in US fiscal policy and Fed signals shaping near-term forex dynamics. #GBPUSD #Forex #Fed #BoE
GBP/USD struggles below its 100-day moving average, facing resistance near 1.2760. This week’s UK labour market and GDP data could provide the catalyst for the pound to reclaim this key technical level amid contrasting US economic strength and Fed outlook. Traders remain cautious, awaiting clear directional signals.
GBP/USD is eyeing a move back above its 100-day moving average after recent weakness. With key UK and US data releases this week—ranging from unemployment and wage growth to inflation and retail sales—traders await fresh signals on central bank policies to determine the next directional push.
FTSE 100 targets new record highs amid strong UK earnings and sector rotation. GBP/USD recovers as dollar softens and Bank of England signals patience. Meanwhile, spot gold surges to all-time levels, driven by inflation concerns and safe-haven demand. Traders should monitor technical levels and central bank cues closely. #Markets #FTSE100 #GBPUSD #Gold
