GBP/USD saw a slight recovery from the 1.2200 price level, moving closer to 1.2700. Economic Calendar Elevated levels of volatility should be anticipated, considering the economic data related to Britain's retail sales and U.S. jobless claims will be published. GBP/USD hourly chart analysis The FX pair is currently trading around the 1.2600 price level, with a move towards 1.2700 having a high probability.
GBP/USD saw overall bearishness last week, with selling pressure dominating due to weaker economic data and market sentiment. Economic Calendar Higher volatility should be expected with the upcoming CPI data from the United States and GDP numbers from Great Britain. GBP/USD hourly chart analysis A slight bearish move from the 1.25080 price level towards 1.23000 has occurred on the shorter time frame. The
GBP/USD FX pair has been impacted by the dollar repricing during the weekend. Economic Calendar This week may see higher levels of volatility as both the UK and the US will release significant macroeconomic data that could impact the currency. GBP/USD hourly chart analysis The repricing of the dollar has led to a decline in the value of the currency pair, pushing it
GBP/USD pair has seen increasingly higher price levels, moving past 1.2400 and recovering 1.2100 price levels. Economic Calendar Elevated levels of volatility should be expected when considering the fundamental news coming out of the United States. GBP/USD hourly chart analysis In the short term, a move towards 1.27050 can be considered plausible if the bullish momentum continues. If no significant bearishness occurs, 1.27050
GBP/USD has seen significantly lower price levels since October 2024. Weakness in the GBP and strength in the USD have pushed the euro towards the 1.20000 price level. Economic Calendar Higher-than-expected levels of volatility should be anticipated, considering the fundamental news coming out of the UK. Friday could bring the highest levels of volatility when Manufacturing PMI data are released. GBP/USD hourly chart
GBP/USD saw significant downside pressure, driven by the increasing strength of the US dollar, suggesting further downside momentum. Additional critical fundamental events may amplify this momentum in the FX pair. Economic Calendar Higher than expected levels of volatility could be expected this week for GBP/USD, as this week is filled economical data releases from the United States. GBP/USD hourly chart analysis If the
GBP/USD has seen a slight recovery from 1.23680 to 1.24700, with room to continue further price discovery to the upside. Economic Calendar Elevated levels of volatility could be expected this week for GBP/USD, as this week is filled economical data releases from the United States. GBP/USD hourly chart analysis The FX pair has seen a recovery towards 1.25080 and is looking for forward
Holidays have brought calmness to the currency markets, and GBP/USD was no exception. No significant price moves occurred during the previous week. Economic Calendar Moderate levels of volatility could be expected this week for GBP/USD, as both the UK and the United States are releasing Manufacturing PMI data. GBP/USD hourly chart analysis The currency pair has been trading within a range from 1.25080
The Federal Reserve's decision to cut interest rates on its native currency has had a significant impact on GBP/USD. The rate decreased from the 1.27000 price level to 1.25000 before recovering above 1.25500. Economic Calendar No significant volatility is expected this week, considering the low number of macroeconomic data coming out of both the UK and the United States. GBP/USD hourly chart analysis
Previous week saw resistance of 1.27700 having significant influence on the further price move, creating price pressure to the downside, lowering currency pair price towards 1.26200 price level. Economic Calendar This week should see a significant increase in volatility, as domestic data will be released regarding retail sales, the unemployment rate, CPI, and the BoE interest rate decision on the 19th of
Although the previous week saw some volatility in the GBP/USD currency pair, it helped the pair gain momentum and steadily rise above the 1.27000 level. Further confirmation of the overall trend should occur in the upcoming weeks, provided there are no sudden global changes. Economic Calendar This week, the Office for National Statistics in the UK will report month-on-month changes in the
The decline of the Pound against the US Dollar has continued. However, on Friday, the rate appeared to have found support in the 1.2600 mark, namely the 1.2600/1.2620 range. Economic Calendar br> The week will be calm. There are no events that could impact the rate up to Friday. On Friday, the publication of the Manufacturing and Services sector Purchasing Managers Indices could
The US elections caused a drop of the GBP/USD to the support range near 1.2840. Surprisingly, the range held and forced the pair into another test of the resistance of the 1.3000 mark. However, the 1.3000 held and by this week the pair was back at 1.2840/1.2855. Economic Calendar This week, markets will watch the publication of the US Consumer Price Index
Prior to the US Presidential Elections, the GBP/USD plummeted due to US jobs and inflation data and revealed that it is finding support at 1.2845/1.2855. The support was enough to force the rate to return to the 1.3000 mark. Economic Calendar The US Presidential Election and the Congressional elections takes place on Tuesday. These events will guide the financial markets. On Thursday, at12:00
Last week, the GBP/USD declined below the 1.3000 mark. Since then, the pair has been finding support in 1.2900 and 1.2940 and testing the resistance of 1.3000. In the meantime, it has been observed that the rate has been ignoring the weekly simple pivot points and the hourly simple moving averages. Economic Calendar This week, the market might move due to the
After the high impact week that was caused by UK data releases, the pair has returned to trade near the 1.3000 mark. In the near term future, the pair could look for support in the round level. Economic Calendar This week, notable events for the rate are scheduled for Thursday. At 08:30 GMT, the S&P Global Purchasing Managers Index survey results for
The GBP/USD fluctuated sideways and even recovered on Tuesday to the 1.3100 mark. However, on Wednesday morning, the UK CPI was published. Inflation in the United Kingdom is even lower than expected. Monthly inflation measured year-on-year is just 1.7% instead of the expected 1.9%. Moreover, it is a decline from 2.2% in the prior month. Economic Calendar On Thursday, watch the US release
The GBP/USD was highly volatile after the publication of the US Consumer Price Index. By the end of the volatility, the rate attempted to recover, but failed near the 1.3080 mark and the 100-hour simple moving average. On Monday, it was observed that the pair could decline as low as 1.3000. Economic Calendar This week, the GBP/USD could react to a number
Since Monday, the GBP/USD currency pair has been fluctuating between the support of the 1.3050 level and the resistance range near 1.3100. In the meantime, the pair has passed the upper trend line of the channel down pattern. In general, the pair is waiting for the publication of the US Consumer Price Index data. The CPI will show the direction of
The 1.3300 mark held, and a decline occurred throughout the week. In general, one event after another has strengthened the US Dollar, which has resulted in a decline of the GBP/USD as low as the 1.3050 level. Meanwhile, it was observed that the pair faced the resistance of the 50-hour simple moving average. Economic Calendar This week, the markets could react to
All the previously described support levels eventually failed, despite holding for a couple of hours. Eventually, by mid-Wednesday it was observed that the pair had found support in the 1.3250 level. The level had caused a recovery that was testing the resistance of the 1.3300 mark. Economic Calendar On Thursday, the Institute for Supply Management will publish the Seervices sector Purchasing Managers
The decline of the GBP/USD eventually broke the channel up pattern, but found support in the 1.3300/1.3315 range. Since then, the pair has been testing the resistance of the high level range at 1.3425/1.3435. In the meantime, support has been provided by the 50 and 100-hour simple moving averages. Economic Calendar This week, the market could move due to a couple of
The surge of the Pound against the US Dollar has reached the 1.3430 level where it met the upper trend line of the channel up pattern. Since then, the rate has found support in the 50-hour simple moving average, and the surge could continue. Economic Calendar On Thursday, the markets might react to the publication of the US Final GDP data release.
Despite the decline that was caused by the UK PMI release, the rate has found support in the 1.3250 level and the 100-hour simple moving average. The event was followed by a recovery of the rate and eventually the booking of a new high level near 1.3350. In the meantime, a channel up pattern has been spotted that has been