Pound holds near multi-week highs versus the dollar amid mixed UK data and BoE signals, while US markets eye ADP jobs report and Nvidia earnings. Market watchers balance risk sentiment and central bank cues as GBP/USD navigates uncertainty heading into November 17, 2025.
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GBP/USD struggles to hold 1.3165 as UK fiscal shocks erode confidence and the US Dollar gains strength amid hawkish Fed signals and resilient economic data. Sterling faces uphill battles with market skepticism over UK debt outlook fueling volatility. Traders watch closely for BoE and Fed guidance to gauge next moves.
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The British pound sterling rebounded against the euro and the US dollar following the UK government’s announcement to reverse its earlier plans on tax cuts. This policy U-turn has eased market concerns over fiscal sustainability and political instability, boosting investor confidence and stabilizing sterling after a period of volatility.
EUR/USD holds near 1.1600 as the Fed maintains a hawkish stance, pushing down the odds of a rate cut this year to 56%. With persistent US dollar strength and ECB caution, traders are navigating a tight range amid shifting central bank signals.
GBP/USD is sliding toward the 1.3130 support level amid mixed UK economic data, a cautious Bank of England, and broad US dollar strength. Risk-off sentiment and hawkish Fed signals continue to weigh on the pound’s outlook. Near-term momentum points lower as market watchers eye key technical levels. Credit: TradingNews.com, TradingNews Desk.
UK inflation, retail sales, and PMI data create a key week for GBP/USD. With 12 major data points—including CPI, core CPI, retail figures, labor market stats, and manufacturing and services PMIs—traders face high volatility ahead as markets gauge Bank of England policy and economic health. Watch closely for surprises that could redefine the pound’s trajectory against the dollar.
GBP/USD remains trapped in a consolidation phase this week, trading within a defined range as both bulls and bears await clearer signals. With technical support holding and resistance capping gains, directional uncertainty persists ahead of key economic data and central bank cues. #GBPUSD #Forex #ActionForex
