The GBP/USD is finding support in the 1.2685/1.2700 range. Meanwhile, it was observed on Monday that resistance was encountered in the combination of the 50, 100 and 200-hour simple moving averages and the weekly simple pivot point at 1.2746. Economic Calendar This week, the pair could react to the release of US Durable Goods Orders on Tuesday at 12:30 GMT. On Thursday,
Despite the surprise Bank of England interest rate hike, the GBP/USD currency exchange rate remains near 1.2800. For most part of the week, the pair has traded between 1.2700 and 1.2850. Meanwhile, technical levels appear to have little impact on the pair. Economic Calendar On Friday, the rate could react to the Flash Manufacturing and Services PMI releases. UK data will be
Despite a recent short lived surge, the GBP/USD continues to trade below the 1.2400 mark. Meanwhile, it was spotted that the pair mostly ignores the hourly simple moving averages. Economic Calendar On June 1, watch the US ISM Manufacturing Purchasing Managers Index release at 14:00 GMT. On June 2, the United States are scheduled to publish the monthly employment data sets. At
On Friday, the GBP/USD bounced off the resistance zone at 1.2390/1.2395 and the 100-hour simple moving average. However, the decline was actually caused by fundamental events. The US PCE Inflation data caused a surge of the value of the US Dollar. On Monday, the pair found resistance in the 100-hour simple moving average and support appeared to be provided by
The GBP/USD declined below 1.2320, but did not reach the 1.2300 mark on Thursday. During the first part of Friday's European trading, the rate had recovered above 1.2360. Economic Calendar On Friday, at 12:30 GMT, the Core PCE Price Index is bound to impact financial markets through the US Dollar. Next week, watch for the US ISM Manufacturing PMI on Thursday at 14:00
The GBP/USD currency pair shortly traded below the 1.2340 level on Thursday morning. However, the event was followed by a recovery up to the 50-hour simple moving average and the 1.2390/1.2395 zone. Economic Calendar On Thursday, The US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely going to impact the USD. On Friday, at 12:30 GMT, the Core PCE
On Tuesday, GBP/USD found support in the weekly S1 simple pivot point at 1.2373 and recovered as high as the 1.2450 mark, before the United Kingdom Consumer Price Index data was released. The inflation data caused an increase of volatility with an initial spike to the resistance zone at 1.2470/1.2485 and a follow up decline that almost reached 1.2400. Economic Calendar On
On Tuesday morning, the GBP/USD currency exchange rate passed below the support zone at 1.2390/1.2395. Next target for the decline might be the weekly S1 simple pivot point at 1.2373. Economic Calendar On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy. On Thursday, The US Preliminary GDP and Unemployment Claims releases at
The GBP/USD has revealed a support and a resistance zones. Support is found at 1.2390/1.2395. Resistance is provided by the 1.2470/1.2480 range. On Monday, the pair bounced off the resistance and resumed its decline. Economic Calendar On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy. On Thursday, The US Preliminary GDP and
The GBP/USD has passed below the 1.2445 level and booked a new May low level at 1.2420. Economic Calendar On Wednesday, at 18:00 GMT, the FOMC Meeting Minutes publication could provide more insight into the Federal Reserve's policy. On Thursday, The US Preliminary GDP and Unemployment Claims releases at 12:30 GMT are highly likely going to impact the USD. On Friday, at
On Tuesday morning, the GBP/USD dipped due to the release of worse than forecast UK employment data. The bad data indicated that the Bank of England would not need to tighten policy, as inflation might come down due to less people buying products. However, by mid-day the rate had recovered and was testing the combined resistance of the 1.2540 level
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