The GBP-USD pair successfully touched its first target of 1.3420 during the previous session, reaching its lowest level during today’s morning session at 1.3393. Technical Outlook – 4-Hour Timeframe The price’s continued stability below the Simple Moving Average increases the likelihood of extended selling pressure, especially with the clear negative …
Read More »Pound Sterling Under Pressure Against the Dollar – 21/08/2025
The GBP/USD pair has successfully reached its first downward target at 1.3445, as we noted in the previous report. It is currently stabilizing near its lowest levels, around 1.3447. Technical Outlook – 4-Hour Timeframe Continued trading below the Simple Moving Average reinforces the possibility of a continued downward path, especially …
Read More »Pound Sterling Faces Strong Pressure from the USD 20/08/2025
The GBP/USD pair recorded significant declines during the previous trading session, hitting its lowest level at 1.3462. Technical Outlook – 4-Hour Timeframe The pair’s stability below the Simple Moving Average (SMA), which coincides with the previously broken support area now acting as a resistance level at 1.3510, reinforces this level’s …
Read More »UK Consumer Confidence Dips in July Amid Economic Woes and Inflation Pressures
Consumer Confidence Falls as UK Faces Economic Uncertainty Consumer confidence in the UK took a hit in July, according to data released by GfK on Friday. The consumer confidence index dropped to minus 19 in July from minus 18 in June, reversing the slight improvement recorded in the previous month. …
Read More »UK Consumers Keep Borrowing Amid Trade Uncertainty, Lending Data Suggests Q2 Growth Resilience
UK consumers continued to borrow and spend with confidence in April, shrugging off fears of an economic slowdown from the ongoing US trade war and a weakening domestic labour market. According to the latest money and lending figures, released by the Bank of England, this resilience is expected to support …
Read More »Sterling Under Pressure: Trade War Fears Send GBP/USD Tumbling
The Pound Sterling (GBP) experienced a sharp decline against the US Dollar (USD) at the start of the new trading week, with the GBP/USD pair plummeting over 100 pips and breaching the 1.28 level. This significant drop, pushing the pair to its lowest point in a month around 1.2763 after …
Read More »Sterling Slides as Inflation Data Fuels Rate Cut Speculation
The British pound has been on a downward trajectory since the start of Wednesday’s morning trading session, weighed down by weaker-than-expected inflation data from the United Kingdom. The latest figures have cast a spotlight on consumer price trends, intensifying speculation that the Bank of England might opt for an interest …
Read More »Weekly Market Recap: A Whirlwind of Data, Geopolitics
A complex interplay of economic data, geopolitical developments, and central bank pronouncements prevailed, resulting in shifts across various asset classes. From fluctuating Treasury yields and evolving sector leadership to the resurgence of European equities, the steady ascend of gold prices, and fresh sanctions impacting commodities, investors navigated a landscape rife …
Read More »British Pound Hits Two-Month High as UK Consumer Spending Surges
The British pound strengthened on Friday, reaching a two-month high, after strong UK consumer spending data for January offset concerns over declining employment trends. Key Market Moves GBP/USD rose 0.1% to $1.2675, from $1.266 before the data release. EUR/GBP dipped slightly to 82.81 pence, down from 82.85 pence. Mixed Economic …
Read More »Sterling Weakens Against US Dollar as Year-End Trading Winds Down
The Pound Sterling (GBP) weakened against the US Dollar (USD) on Monday, as the US Dollar rebounded in thin trading conditions ahead of the New Year holiday. The GBP/USD pair fell below 1.2550 after failing to sustain an intraday high above 1.2600.The US Dollar Index (DXY) rose towards 108.30, poised …
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