GBP USD

GBP/USD falls ahead of the BoE rate decision. USD/JPY rises despite a more hawkish BoJ.

The big question for today is if the BOE will satisfy bearish market positioning with enough dovish talk to prevent shorts from covering, and inadvertently sending GBP/USD higher.

GBP/USD forecast: All eyes on BoE policy decision, before attention turns to UoM consumer sentiment and inflation expectations data on Friday, before CPI data next week.

GBP/USD could extend its losses despite the US dollar 'rebound' already losing steam, whilst gold's base looks set for a bullish breakout and USD/JPY might achieve another leg higher before it tops. In my opinion, at least.

The risks for GBP/USD are tilted toward a topside breakout and continuation toward 1.2700 if the BOE and UK GDP play along.

The Bank of England hosts a rate decision on Thursday and GBP/USD has pushed back-above the 1.2500 handle. GBP/JPY slid after touching the 200.00 mark for the first time since 2008, and EUR/GBP is showing bearish breakdown potential with two different technical formations.

GBP/USD inches higher ahead of the non-farm payroll report. Oil rises but is set for worst weekly loss in 3-month

GBP/USD falls ahead of the Fed. USD/JPY pair extends its rebound ahead of the Fed & after Japanese manufacturing PMI data.

The GBP/USD could be impacted significantly by UK CPI data this week. For now, markets are calm as Iran tensions have eased, but the situation remains volatile, likely to keep risk appetite low. The GBP/USD outlook is bearish as US dollar is likely to remain supported on any short-term dips.

Risk assets tumbled on Middle East tensions, adding additional pressure on the cable on Friday with US dollar already on the rise. Key UK inflation data is coming up in the week ahead, as GBP/USD technical analysis point lower after breaking 1.25 key support.

The biggest economic data release of this week, and arguably the whole month – US CPI – didn’t disappoint in terms of its market impact.

DAX rises as stagnation appears to be ending, GBP/USD struggles amid signs of wage growth easing.

GBP/USD has bounced off key technical support at its rising trend line and 200-day MA in the mid-1.2500s, hinting at a potential retest of 1.2700 pending Friday’s NFP report...

Last week I highlighted that GBP/USD tends to deliver the strongest returns in April. Today we take a closer look to identify the most bullish phase of the most bullish month.

EUR/USD falls after manufacturing PMI data & ahead of German inflation figures. GBP/USD struggles at a 6-week low on USD strength.

GBP/USD held in a range for much of Q1, even as USD strength re-appeared. But a fundamental twist in March puts bulls on their back foot, with GBP/USD limping into Q2 at confluent support.

GBP/USD has historically seen its strongest gains in April, while USD/CAD has seen its worst performance in April and is testing resistance at its 4-month highs near 1.3600.