{"id":117862,"date":"2025-08-19T19:51:08","date_gmt":"2025-08-19T15:51:08","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=117862"},"modified":"2025-08-19T22:52:22","modified_gmt":"2025-08-19T18:52:22","slug":"gbp-usd-steady-near-1-3500-as-ceasefire-hopes-offset-fed-and-uk-inflation-risks","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gbp-usd-steady-near-1-3500-as-ceasefire-hopes-offset-fed-and-uk-inflation-risks\/08\/19\/market-updates\/","title":{"rendered":"GBP\/USD Steady Near 1.3500 as Ceasefire Hopes Offset Fed and UK Inflation Risks"},"content":{"rendered":"The British pound is maintaining its position against the US dollar around the 1.3500 level, with emerging prospects for a ceasefire in the Ukraine-Russia conflict helping to counterbalance potential pressures from Federal Reserve policies and upcoming UK inflation data. Traders are also keeping a close eye on the release of the Fed&#8217;s July meeting minutes and the central bank chair&#8217;s upcoming speech at an economic symposium.<br \/><br \/>Geopolitical advancements are lifting market spirits, enabling the pound to rebound from early setbacks. A recent meeting between US and Russian leaders set the stage for further discussions involving Washington, European officials, and Ukraine&#8217;s president. Fresh reports suggest a proposal for direct talks between US and Ukrainian leaders in Moscow, fostering optimism for conflict resolution.<br \/><br \/>In terms of US monetary policy, a Federal Reserve governor affirmed unchanged expectations for three rate cuts in 2025, highlighting a stronger emphasis on employment goals as inflation eases. This comes ahead of the much-anticipated symposium speech, which may offer insights into future Fed actions.<br \/>US economic indicators showed varied results: July housing starts rose impressively by 5.2% to 1.428 million units, beating expectations of a decline to 1.29 million. In contrast, building permits decreased from 1.386 million to 1.354 million, indicating some hesitancy in the sector.<br \/><br \/>In the UK, focus is intensifying on July&#8217;s inflation numbers. The consumer price index is anticipated to hit 3.7%, with services inflation expected at 4.8%. Elevated services prices might hinder the Bank of England&#8217;s ability to pursue further rate reductions. A recent economist survey projects the benchmark rate ending 2025 at 3.75%, suggesting only one more 25-basis-point cut by year-end.<br \/><br \/>Technically, the GBP\/USD pair&#8217;s ascent has paused but is bolstered by the 50-day simple moving average at 1.3497. The relative strength index stays bullish yet flat, pointing to potential consolidation. Surpassing the August 18 peak of 1.3565 could target 1.3600. A fall below 1.3500 would test the 50-day average, then the 20-day at 1.3416, and 1.3400 thereafter.","protected":false},"excerpt":{"rendered":"<p>The British pound is maintaining its position against the US dollar around the 1.3500 level, with emerging prospects for a ceasefire in the Ukraine-Russia conflict helping to counterbalance potential pressures from Federal Reserve policies and upcoming UK inflation data. Traders are also keeping a close eye on the release of the Fed&#8217;s July meeting minutes &hellip;<\/p>\n","protected":false},"author":13,"featured_media":54454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[],"class_list":["post-117862","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=117862"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117862\/revisions"}],"predecessor-version":[{"id":117863,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/117862\/revisions\/117863"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/54454"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=117862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=117862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=117862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}