The GBP/USD currency pair has declined below 1.2500, as a broad surge of the US Dollar is occurring. On Monday, the price had recovered after finding support at 1.2445. By the middle of the day's European trading, the rate had returned to the 1.2500 mark. Economic Calendar During the upcoming week, on Tuesday, the US Flash Manufacturing and Services PMIs might impact
Despite piercing resistance zone above 1.2660, the GBP/USD declined after the week's fundamental events. Eventually, the decline found support in 1.2500 and was observed to be recovering. At mid-Friday, the pair appeared to be encountering resistance in 1.2540. Economic Calendar During the upcoming week, on Tuesday, the US Flash Manufacturing and Services PMIs might impact the financial markets through an adjustment of
The release of the US Consumer Price Index revealed that inflation has acted almost as expected. Due to this reason the US Dollar lost value and the GBP/USD moved higher. The rate managed to beat the resistance zone at 1.2650/1.2670. Economic Calendar On Thursday morning, GBP traders will all watch the Bank of England Official Bank Rate hike at 11:00 GMT. In
The GBP/USD has bounced off the 1.2650/1.2670 range. Note that this range marks a 2022 high level zone for the pair. Economic Calendar This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to impact the financial markets. On Thursday morning, GBP traders will all watch the Bank of England Official Bank Rate hike at 11:00 GMT.
The GBP/USD has surged against the US Dollar above the 1.2660 level. This is the highest level seen since April 2022. Economic Calendar This week, the US Consumer Price Index data release on Wednesday at 12:30 GMT is set to impact the financial markets. On Thursday morning, GBP traders will all watch the Bank of England Official Bank Rate hike at 11:00 GMT.
The GBP/USD started a surge on Tuesday, which pierced the April high level at 1.2580 by the US Fed rate hike done on Wednesday at 18:00 GMT. In the aftermath of the fundamental event, the rate appeared to have bounced off the high level's resistance. Economic Calendar On Friday, watch out for the US monthly employment data, which is bound to impact
The GBP/USD has passed below the support levels near 1.2500. By mid-Tuesday, the rate had touched the 1.2460 level. Economic Calendar This week, the top event of the week will be the announcement of the US Federal Reserve Federal Funds Rate at 18:00 GMT. The Fed is expected to hike its base interest rate from 5.00% up to 5.25%. A larger
Due to an unclear reason, the release of the US Core PCE Price Inflation has caused a surge of the Pound against the US Dollar. The US inflation came in higher than expected, which in theory should have strengthened the US Dollar and cause a GBP/USD decline. Meanwhile, the GBP/USD is the only US Dollar pair, where the peer currency
At mid-day on Wednesday, the GBP/USD was making another attempt to reach above the 1.2500 mark, as the US Durable Goods Orders data was released. The data revealed that US consumers continue to buy long term use goods, which signals that inflation would remain high. In turn, high inflation might force the US Federal Reserve to hike interest rates more
The GBP/USD currency exchange rate has bounced off the support of the 1.2400 mark. Previously, the pair respected resistance of the 1.2500 mark. At mid-day on Wednesday, the pair was heading to the 1.2500 mark. Economic Calendar This week, the US Advance GDP release at 12:30 on Thursday is bound to impact the value of the US Dollar. However, the top event
The GBP/USD mark shortly reached above 1.2500 at midnight to Tuesday. However, the event was followed by a decline of the Pound against the US Dollar. By mid-Tuesday, the rate had reached the combined support of the 50, 100 and 200-hour simple moving averages near 1.2440. Economic Calendar This week, the US Advance GDP release at 12:30 on Thursday is bound to
The GBP/USD has ignored the support zone near 1.2400, but appears to be still respecting the resistance of the 1.2468/1.2474 range. On Monday, the rate approached the resistance and started to test it. Meanwhile, support appears to have been provided by the 50, 100 and 200-hour simple moving averages. Economic Calendar This week, the US Advance GDP release at 12:30 on Thursday
The GBP/USD continues to trade in the range, which was established after the UK CPI release. Resistance is located at 1.2468/1.2474 and support is at 1.2393/1.2405. Economic Calendar On Friday, the US Flash Manufacturing and Services PMIs could cause an impact on the US Dollar. GBP/USD short-term view A move above 1.2475 could be stopped by the 1.2500 mark and the weekly R1 simple
The GBP/USD has jumped due to the higher than expected UK inflation data release at 06:00 GMT. Namely, it indicated that the Bank of England has to hike rates even more to stop inflation. However, two hours later, the US St. Louis Federal Reserve President Bullard stated that there is no upcoming recession and the US Fed will continue to
The GBP/USD plummeted late on Friday, as the pair dropped from 1.2540 down to 1.2400. On Monday, the rate reached to 1.2380, before recovering. At mid-day the pair traded near the combined resistance of the weekly simple pivot point at 1.2433, the 1.2440 level and the 200-hour simple moving average. Economic Calendar Note the US Empire State Manufacturing Index on Monday at
The GBP/USD was about to hit the 1.2550 mark on Friday, as it started a decline. By mid-day, the rate appeared to be passing below the support of the 1.2500 mark and the 50-hour simple moving average. Economic Calendar On Friday, the US Retail Sales data might cause a reaction in the financial markets at 12:30 GMT. Next week, note the US Empire
The lower than expected overall US inflation data was taken in by the markets as a signal that the US Federal Reserve would not continue to hike interest rates. The news caused a drop of the US Dollar. On the GBP/USD charts it resulted in a surge, which by mid-Thursday was testing the resistance of the April high level
The GBP/USD has found support in the 1.2350 level. The event has been followed up with a surge to the 1.2450 mark. Economic Calendar On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US inflation data is bound to impact the US Dollar's value. On the same day, at 18:00 GMT, the US Federal Reserve Meeting
The GBP/USD continued to decline on Thursday. By mid-day the pair had reached below the weekly R1 at 1.2428 and the 100-hour simple moving average. Economic Calendar On Friday, at 12:30 GMT, the United States will publish the Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate. On Wednesday, watch out for the US Consumer Price Index release at 12:30 GMT. The US
The GBP/USD surge has continued on, as the pair found support in the 1.2400 mark. However, the surge has encountered resistance in the weekly R2 simple pivot point at 1.2527. The following retracement downwards was observed to be finding support in the 50-hour simple moving average at 1.2450. Economic Calendar Above all, on Friday, at 12:30 GMT, the United States will publish
At the start of April trading, the US Dollar was highly volatile. Initially, OPEC+ decreased production. The decrease caused a surge of oil prices. The increase of oil prices first of all increased demand for oil deals in USD and secondly signals that inflation would remain high. High inflation is expected to be the basis for more USD interest rate
The GBP/USD surge has been slowed down by the combination of the 1.2400 mark and the weekly R2 simple pivot point at 1.2423. On Friday morning, the pair found support in the 1.2360 level, which has acted as both support and resistance during this week. Economic Calendar On Monday, the US ISM Manufacturing PMI release at 14:00 GMT could cause a move
On Wednesday, the GBP/USD currency exchange rate passed above the technical levels that are spread out from 1.2325 up to 1.2350. However, the move was followed by a consolidation in the 1.2300/1.2360 range. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD. However, it
Despite being highly volatile, the GBP/USD currency pair continues to move higher. On Tuesday, the pair was piercing the weekly R1 simple pivot point at 1.2325. Economic Calendar On Thursday, at 12:30 GMT, the publication of Final US quarterly Gross Domestic Product is set to be published. The release might impact the USD. However, it is usually the Preliminary GDP release, which