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The bearish pressure remains high as long as it stays below the median line. A new higher high activates a larger rebound. The price action signaled an oversold. The GBP/USD price rallied today and hit as high as 1.2481 after the UK CPI came in better than expected. Now, the pair has retreated a little…
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US retail and core retail sales jumped in March. The likelihood of a Fed cut in September has risen to 46%. Data revealed a slight easing in the UK labor market. The GBP/USD outlook suggests downward momentum as the Pound clings near 5-month lows following US and UK data. While the US boasts surprisingly strong…
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The dollar rallied amid a drop in rate cut expectations. Markets now predict only two Fed rate cuts this year. Next week, investors will focus on retail sales data from the US and the UK. The GBP/USD weekly forecast is pointing southward, with the Fed expected to hang tight before making any moves to slash…
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The UK economy grew in February, indicating a gradual exit from its shallow recession. After the US inflation report, investors have changed their outlook for Fed rate cuts. Traders pushed back the timing for the first BoE cut to August. The current narrative in the GBP/USD outlook paints a bearish picture. Despite glimpses of growth…
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The US will release inflation data later today. UK data showed slower growth in starting salaries for permanent workers in March. Monetary policies in the UK and the US are converging. Excitement brews in GBP/USD price analysis as the pound gains ground in anticipation of pivotal US data. Investors are on the edge, awaiting the…
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Unemployment claims in the US rose to a two-month high last week. The dollar gained when Fed policymakers made hawkish remarks on Thursday. Markets are expecting a drop in US employment. The current GBP/USD price analysis leans towards the bearish side, influenced by the dollar’s surge amidst dwindling Fed rate cut expectations. Moreover, the dollar…
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The UK released data showing expansion in the manufacturing sector in March. Investors are pricing a 60% chance of a BoE rate cut in June. Job openings in the US rose slightly in February. The GBP/USD price analysis reveals a slightly bullish picture, with the pound maintaining its position near recent highs following a surge…
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Fed’s Waller said the recent inflation readings support a delay in rate cuts. The likelihood of a Fed rate cut in June has fallen to 60%. BoE’s Jonathan Haskel warned against expecting early rate cuts. The GBP/USD outlook is bearish as the dollar gains strength amidst fading expectations of a Fed rate cut. Moreover, market…
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The pound recovered on Tuesday as the dollar weakened. BoE policymakers assumed a more dovish stance last week. Investors will remain cautious as they await more data on US inflation. The GBP/USD price analysis shows bullish optimism as the pair stages a recovery fueled by the dollar’s decline. However, beneath the surface, fundamental factors hint…
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The Bank of England held rates on Thursday. UK inflation fell from 4.0% in January to 3.4% in February. There is a 75% chance that the Bank of England will cut rates in June. The GBP/USD outlook soured as the pound’s decline deepened following the BoE’s rate cut signal. The Bank of England held rates…
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The pound plunged last week due to a drop in Fed rate cut expectations. The Fed will meet on Tuesday and likely keep rates unchanged. The Bank of England will meet on Thursday and likely hold rates at the current 5.2% rate. The GBP/USD outlook reveals a slight bullish tilt as the pound recovers from…