GBP USD
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GBPUSD Outlook: Key Levels Ahead of BOE and Fed Polices
The GBPUSD has dipped below the crucial 1.29 level ahead of this week's final wave of volatility surrounding US GDP and Core PCE data, and in anticipation of next week’s BOE and Fed monetary policy decisions. Will bearish pressures continue?
GBPUSD Forecast: Key Levels for the Week Head
GBPUSD Forecast: The GBP/USD pair failed to sustain a close above the 1.3030 level. Current trends show bearish dominance, yet upcoming events next week will be crucial in determining whether the pair will continue its uptrend or face further declines.
EUR/USD, GBP/USD Forecast: Two trades to watch
EUR/USD looks to the ECB rate decision. GBP/USD eases after wage growth keeps August rate cut hopes alive.
How Could the US Presidential Election Impact Markets? A 40-Year Study Looking at 5 Key Markets
At a high level, the US dollar has not shown a consistent trend of strengthening or weakening in one month before, one week after, one month after, or one quarter after US Presidential Election days over the last 10 elections.
GBP/USD, DAX Forecast: Two trades to watch
GBP/USD eyes 1.30 after sticky services sector inflation. DAX edges lower on trade jitters & ahead of EZ CPI data
GBP/USD, GBP/JPY: UK CPI in focus after soft prints from NZ, CA
The UK's 1-month OIS suggests ~48% chance of a 25bp cut from the BOE next month, which means today's inflation report is likely a key driver for GBP/USD on monetary policy expectations.
GBP/USD forecast: Technical Tuesday - July 16, 2024
Despite a stronger retail sales print, the tide may have turned on the US dollar following last week's recent data releases and raised expectations over the Fed cutting rates in September. Therefore, my GBP/USD forecast remains bullish, and I reckon the $1.30 handle could be taken out soon.
GBP/USD Analysis: Rally Extends Toward Sterling’s 1-Year High at 1.30
GBP/USD could pull back off 1-year highs at 1.3000 given the 17-year high in speculative long positioning, per the CFTC’s COT report.
GBPUSD Forecast: Key Levels for the Week Ahead
GBPUSD Forecast: the GBPUSD’s uptrend is facing challenges this week. The US dollar, driven by political challenges and rate cut expectations, along with upcoming UK economic indicators, might add pressure on the pair. Is there a correction ahead?
GBP/USD outlook: Attention turns to US CPI after stronger UK GDP
Unless US CPI now comes in hotter, the GBP/USD outlook should remain positive heading deeper into the summer months. This is especially the case after the cable broke a long-term resistance trend around the 1.28 handle as investors gave Keir Starmer’s progress in his first week as UK Prime Minister the green light and US data weakened last week.
GBP/USD eyes 2024 highs ahead of US inflation, UK GDP
GBP/USD has taken out the highs struck in June, pushing further above 1.2800 on Thursday. A test of the 2024 highs now looks to be on the cards. While there is UK data on the calendar, you get the sense it will be the US inflation report later in the session that will determine what happens next for Cable.
GBP/USD, Oil Forecast: Two trades to watch
GBP/USD looks to Fed Powell & BoE speakers. Oil falls after China data & ahead of OPEC's monthly oil report.
EUR/USD, GBP/USD Forecast: Two trades to watch
EUR/USD holds above 1.08 amid French political uncertainty & ahead of Powell’s testimony. GBP/USD holds steady after last week's election & after a cautious BoE Haskel.
GBP/USD forecast: Currency Pair of the Week – July 8, 2024
The upcoming release of US inflation data is likely to alter the odds of a September rate cut in the direction of the surprise, putting the GBP/USD forecast into focus. Thus, a clearer trend for the US dollar could emerge this week, after the greenback fell across the board last week.
US dollar remains on backfoot, GBP/USD to retest March highs?
In the absence of an unexpected reacceleration in US inflationary pressures or unlikely hawkish pivot from Jerome Powell, it’s questionable whether the US dollar can reverse the bearish move seen last week. GBP/USD is one pair that may be able to capitalise on dollar softness, putting a potential retest of the March highs into play.
GBP/USD, FTSE edge higher as Labour wins the election
The pound and FTSE are inching higher as the UK election results come in. Labour, as expected, won a landslide victory with 411 seats, marking gains of 210 seats at the time of writing. The outgoing Conservatives won just 119 seats, losing -248.
GBP/USD: Thumping Labour election victory? Meh, wake me up for payrolls
Labour has secured a thumping victory in the UK general election. GBP/USD is unmoved on the news, reflecting the result was priced in months ago. But the lack of volatility is also explained by its on the charts. It sits at an important level, making today’s June US nonfarm payrolls report a potential catalyst for a sizeable market move.
GBP/USD, EUR/USD Forecast: Two trades to watch
GBP/USD rises on General Election Day. EUR/USD rises to a 3-week high, ECB minutes are due.
DAX, GBP/USD Forecast: Two trades to watch
DAX rises amid an improved market mood, Eurozone PMIs & PPI are due. GBP/USD rises after a dovish Powell & ahead of the UK General election.
GBP/USD forecast: Currency Pair of the Week – July 1, 2024
The polling will take place on Thursday, July 4, when the US is out celebrating Independence Day. So, don’t expect any fireworks in the markets on Thursday. Ruling Conservatives are trailing Labour badly in the polls. If Labour does win, it must maintain investors' trust while tackling unresolved economic issues facing the UK, for example the public debt-to-GDP being at a 63-year high.
Forex Seasonality – July 2024: GBP/USD Rally Potential Amid Summer Doldrums?
July has been the 3rd strongest month for GBP/USD historically, and bulls will be pinning their hopes on a recovery rally this month after the June drop.
Shifting focus to US growth? AUD/USD, EUR/USD, GBP/USD setups before PCE
Everyone expects a soft US core PCE inflation print on Friday. The seeds for such an outcome were sown weeks ago following the release of weak consumer and producer price data. So what happens to the US dollar unless we receive a surprise?
GBP/USD, FTSE Forecast: How could the UK election impact the markets?
The countdown to 4th July, election day is on, and the polls have broadly continued to show the same pattern we've seen across the course of the election campaign: Labour retaining their lead of around 20 points above the Conservatives. Here, we take a look at what a Labour win could mean for the pound and FTSE index.