GBP/USD is making an effort to rebound on Tuesday after previous losses, rising from 1.3198 after experiencing five straight days of declines. Sterling continues to face pressure as investors evaluate the implications of the Iran conflict on the British economy. Notwithstanding this, from the start of March, the pound has demonstrated remarkable stability against the … Read more
On Thursday, the exchange rate for GBP/USD was recorded at 1.3364. The pair experienced a decline over the last two sessions and is currently exhibiting signs of a cautious recovery, influenced by expectations surrounding a potential de-escalation in the Middle East conflict. The United States has reportedly put forth a 15-point settlement plan to Iran … Read more
The GBP/USD pair experienced an increase in the previous session and is currently adjusting to 1.3403. The pound reacted favorably to the Bank of England’s choice to maintain interest rates at their current level, as market participants concentrated on the regulator’s insights regarding the potential impact of the Iran conflict on forthcoming policy decisions. The … Read more
On Tuesday, GBP/USD is maintaining a position close to 1.3315. The pound recorded a slight increase the prior day, yet it continues to hover near three-month lows, reflecting persistent uncertainty regarding the implications of the Middle East conflict on the global economy and inflationary pressures. Market participants persist in their preference for the US dollar … Read more
GBP/USD shows a decline to approximately 1.3300 during the early Asian session on Monday. Trump pledged to exert influence over Iran’s new leader, heightening concerns about an extended conflict. The US NFP unexpectedly decreased by 92,000 in February, while the Unemployment Rate increased to 4.4%. The GBP/USD pair sees some selling interest around 1.3300 in … Read more
GBP/USD dips to approximately 1.3485 during the early Asian session on Friday. The Gorton and Denton by-election heightens political uncertainty in the UK, putting pressure on the Pound Sterling. Market participants will pay close attention to the results of the Gorton and Denton by-election, as well as the release of the US January PPI report … Read more
The GBP/USD exchange rate declined for the fifth consecutive day, settling at 1.3445. The deceleration in headline price growth has heightened anticipations of a forthcoming rate reduction by the Bank of England, despite persistent underlying price pressures. In January, annual inflation decelerated to 3.0%, down from 3.4% in December, aligning with expectations. Nonetheless, inflation within … Read more
GBP/USD declined again on Wednesday, reflecting sustained pressure on the British pound against the US dollar. The pair is now approaching the 50-day EMA and the key 1.35 level, placing the market in a clearly binary setup. A daily close below 1.35 would significantly increase the probability of a move toward the 200-day EMA, currently … Read more
The GBP/USD exchange rate fluctuated following a report indicating that the UK economy experienced a slowdown in the fourth quarter of the previous year. The asset maintained a narrow trading range following a report indicating that US inflation decreased in January, which heightens the likelihood of additional interest rate cuts by the Federal Reserve this … Read more
The GBP/USD pair is showing an upward movement around 1.3635, breaking a two-day decline during the early European session on Thursday. The initial estimate of the UK’s Gross Domestic Product for the fourth quarter is set to attract significant attention later on Thursday. The UK economy is projected to expand by 0.2% quarter-on-quarter in the … Read more