GBP USD

GBP/USD attempts to recover after CPI cooled less than expected. DAX inches higher ahead of Eurozone inflation data & after ASML earnings.

GBP/USD held at a five-month low after jobs data and ahead of Fed Chair Powell's speech. Oil rose after China's GDP growth and amid ongoing Middle Eastern tensions.

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.

GBP/USD falls after UK inflation cools and ahead of the Fed. EUR/USD falls ahead of the FOMC rate decision and ECB Lagarde’s speech.

FOMC meeting risks are skewed toward a less dovish outcome, with the potential for the median Fed dot for 2024 to rise to 4.9%, or only two interest rate cuts for 2024.

With a BOE and FOMC meeting pending and net-long exposure for GBP/USD at or near a sentiment extreme, I cannot help but wonder if the pound it due at least a pullback. I also take a closer look at the US dollar index (DXY), gold and the Nasdaq 100.

All eyes are on the FOMC and dot plots, with pound trades facing additional test with BoE rate decision, CPI, and retail sales all to come in the week ahead. GBP/USD technical analysis shows bullish trend is losing momentum.

Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will discuss the US dollar, Japanese yen, gold and the pound ahead of a busy next week for central banks.

GBP/USD has formed a bearish reversal pattern beneath a failed breakout level, and gold looks set to retrace lower ahead of US PPI data.

After the US dollar failed to find too much love from hot CPI, the cable was looking to recover along with other major pairs. The UK economy rebounded 0.2% in January, which helped to provide additional support to the pound. From the US, retail sales, PPI and UoM surveys are all still to come this week.

GBP/USD falls as the labour market softens. USD/JPY rises as BoJ rate hike doubts appear and ahead of US CPI data.

GBP/USD remains in a bullish technical position ahead of the US CPI report - see what we're watching!