The British Pound continues to trade sideways against the US Dollar amid low summer liquidity, diverging Fed-market expectations, and softening US economic data.
Technical Analysis
The most active trading sessions for the GBP/USD currency pair occur in London and New York, with some activity during Asian markets from 2400 GMT to 0900 GMT..
GBP/USD is sensitive to political and economic developments in the UK. It's influenced by interest rate differentials, economic data, and geopolitical events. For the latest updates and forecasts on GBP/USD, consult reliable sources and market analysis reports to make informed trading decisions
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The British pound’s rally faltered near the 1.3350 resistance level, with technical signs pointing to a potential decline toward 1.27 if support at 1.3135 breaks.
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The British pound held around the key 1.32 level on Thursday amid growing US dollar strength and shifting expectations for Fed rate cuts.
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The British pound weakens ahead of the FOMC decision, with a close below 1.32 potentially triggering further downside if Jerome Powell signals no rate cuts.
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The British pound dipped below key support at 1.3350 as markets prepare for the Fed's rate decision, with potential downside toward the 200-day EMA at 1.3133.
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The British pound slipped on Monday, with 1.3350 emerging as a key technical level amid head-and-shoulders risk and rising USD strength ahead of the Fed decision.
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The British pound declined slightly against the US dollar, signaling possible consolidation despite its broader uptrend, with 1.3350 as support and 1.36 as resistance.
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The British pound bounced strongly from its long-term trendline, clearing the 50-day EMA and reinforcing bullish momentum amid ongoing speculation around US rate cuts.
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The British pound is testing a crucial trendline near 1.3350, with a potential breakdown opening the path to 1.32, while a rally could push it to 1.38.
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GBP/USD pulled back on Wednesday after surging on Powell firing rumors, with technicals suggesting downside risk toward the 1.31 support level.
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The British pound has broken below a key trend channel and the 50-day EMA, suggesting further downside toward 1.33 or 1.31 before potential buyers return.
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The British pound continues to find support near 1.3550 within a strong uptrend, with eyes on the 1.38 resistance level as steady bullish momentum builds.
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The British pound continues to trade within an ascending channel near 1.3550, with strong support at 1.3450 and dip-buying interest intact above the 50-day EMA.
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The GBP/USD exchange rate pulled back sharply as the US Dollar Index (DXY) rebounded after the trade war resumed. The pair dropped to a low of 1.3590, down from
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The British pound fell sharply Tuesday after early strength, but strong support at 1.3550 and dip-buying interest may keep GBP/USD afloat unless 1.3350 breaks.
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