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GBP/USD, EUR/USD Forecast: Two trades to watch
GBP/USD rises as the UK economy grew fast than expected in 2022, US inflation data is up next. EUR/USD rises ahead of inflation data.

GBP/USD: Looming US data creates squeeze risk for unloved and oversold pound
With GBP/USD sentiment so poor, and major US economic data arriving later this week, conditions look ideal for a countertrend squeeze over the coming days.

Dollar analysis: EUR/USD, GBP/USD and Yields in focus – Forex Friday
Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus the US dollar, EUR/USD and GBP/USD. The dollar index eyes March high and set to close higher for 10th consecutive week, with BoJ inaction and rising crude oil prices providing additional boost for greenback.

GBP/USD, DAX Forecast: Two Trades to Watch
GBP/USD falls for a third day as economic worries rise, PMI data is due. DAX struggles ahead of PMI data.

GBP/USD analysis: BoE decides against another interest rate hike
Earlier, the Bank of England announced interest rates would be kept unchanged in a surprise move (not to us) and the pound took another plunge, dropping below 1.2250 in initial reaction. The BoE’s policy statement was somewhat hawkish and the MPC split. This means that the next few policy decisions could be close calls, especially if inflation doesn’t come down fast enough.

GBP/USD: BoE ‘hawkish hike’ likely required to prevent further downside
Only a ‘hawkish hike’ from the Bank of England (BoE) is likely to be enough to turn around the fortunes of GBP/USD given rapidly weakening fundamentals.

GBP/USD, USD/JPY Forecast: Two Trades to Watch
GBP/USD falls after inflation unexpectedly cools. USD/JPY trades at the 2023 high ahead of the FOMC rate decision.

EUR/USD, GBP/USD, WTI crude oil analysis: European open – 20/09/2023
Implied volatility levels are unsurprisingly elevated for forex pairs today, given we have a key UK inflation report up shortly and the FOMC meeting and press conference in just over 12 hours. Today we look at the intraday charts for EUR/USD, GBP/USD and WTI crude oil.

GBP/USD outlook: Inflation and central bank meetings take center stage – BoE Preview
The GBP/USD will come into sharp focus over the next couple days, with two pivotal events on the horizon: the FOMC and BoE rate decisions. Additionally, traders are anticipating the release of UK CPI and retail sales data, as well as global PMI figures this week. These developments collectively have the potential to shape the near-term GBP/USD outlook. UK CPI could sway BoE decision, with the UK central bank likely to mimic ECB's dovish hike. Meanwhile, the FOMC is likely to go for a hawkish hold.

GBP/USD Outlook: BoE and FOMC meetings make Cable Currency Pair of the Week
The GBP/USD is in focus ahead of this week’s key events: FOMC and BoE rate decisions. We also have UK CPI and retail sales, as well as global PMI figures to look forward to this week. The BoE is likely to deliver a final 25 bps hike, while FOMC is seen holding policy unchanged. The GBP/USD could be heading to low 1.20s in this busy week.

Dollar Analysis: EUR/USD, GBP/USD and DXY in focus - Forex Friday
Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will focus the US dollar, EUR/USD and GBP/USD ahead of next week’s key events: FOMC and BoE rate decisions.

GBP/USD, GBP/AUD: British pound breaking down on multiple fronts
GBP/USD has looked healthier on the charts, closing below a key support zone on Thursday. Downside risks for GBP/AUD are also growing.

DAX, GBP/USD Forecast: Two Trades to Watch
DAX is subdued ahead of the ECB rate decision. GBP/USD holds steady ahead of US data drop.

Pound analysis: GBP/JPY and GBP/USD in focus
Today’s latest data once again highlighted the growing threat of stagflation in Europe, with UK economic output and eurozone industrial production both falling more than expected. High levels of inflation and low growth, combined with downbeat business and consumer sentiment, and not to mention rising borrowing costs, all make for a tough economic climate for investors to navigate through.

GBP/USD, Oil Forecast: Two Trades to Watch
GBP/USD falls after UK GDP contracts and ahead of US CPI. Oil rises after OPEC’s report & with EIA stockpile data due.

GBP/USD, EUR/USD Forecast: Two Trades to Watch
GBP/USD struggles around 1.25 despite record wage growth. EUR/USD falls towards 1.07 ahead of German ZEW economic sentiment data.

GBP/USD holds 1.25 ahead of key wages data, ZEW in focus: European open
GBP/USD looks like it is trying to carve out a swing low ahead of today's employment and wages report, whilst the FTSE 100 has rallied into a key area of resistance.

GBP/USD: sticky situation for longs should UK wages growth undershoot
Sticky wages growth is one of the few positives for GBP/USD right now, keeping the prospect for rate hikes from the BOE in play.

EUR/USD, GBP/USD Forecast: Two Trades to Watch
EUR/USD rises but is set to fall across the week as the economic outlook deteriorates. GBP/USD rises but remains below 1.25 as the BoE nears peak rates.

GBP/USD, DAX Forecast: Two Trades to Watch
GBP/USD looks to BoE Bailey’s hearing before the Treasury Select Committee. DAX falls as the economic outlook deteriorates.

GBP/USD forecast: Pair rises but lacks conviction
GBP/USD is rising on USD weakness. However, fears that the BoE could hike the UK into recession could limit the upside.

USD, GBP/USD analysis: Commitment of traders report (COT) – 04/09/2023
It is also worth noting that the 2-year yield printed a bearish engulfing week after a failed attempt to break and hold above 5%. And if yields continue to move lower over the coming weeks, it will likely weigh on the US dollar. Large speculators are slowly loosening their bullish grip on GBP/USD futures, with short exposure rising by 25% last week. Traders are also showing renewed bullish interest in gold and silver.

GBP/USD, EUR/GBP Forecast: Two Trades to Watch
GBP/USD looks to US data for clues on the Fed’s next move. EUR/GBP holds steady ahead of German inflation.