GBP USD

We're seeing early signs that net-long bullish exposure on the USD may have peaked. While this may not necessarily mean a peak in the USD price, it does at least suggest the trend could slow or move sideways.

The Bank of England cut rates last week but it was the two votes for a 50 bp cut that weighed on the currency on Thursday and Friday.

GBP/USD holds below the January high (1.2576) following the failed attempt to close above the 50-Day SMA (1.2497).

As you’d expect, volatility has been contained ahead of NFP, but implied volatility has blown out. The 1-day IV for USD/JPY is nearly twice its 10-day average, with GBP/USD and EUR/USD around 50% more than usual.

Sterling slammed back into pivotal support on the heels of the BoE with GBP/USD now poised for a February breakout. Battle lines drawn on the weekly technical chart.

GBPUSD, Silver Outlook: GBPUSD remains resilient in its bullish rebound against the US Dollar, despite market expectations of a 25-bps rate cut by the BOE later today. Meanwhile, Silver's haven-driven momentum appears exhausted, similar to Gold.

GBP/USD claws higher ahead of US data. DAX falls on tariff worries & with PMI data in focus.

The budding trade war and developments on the tariff front could well outweigh the modest historical seasonal tendencies in February for forex pairs like EUR/USD, GBP/USD, and USD/JPY.

GBP/USD appears to be on track to test the monthly high (1.2576) as it breaks out of the range bound price action from earlier this week.

It was a brutal start to 2025 for GBP/USD the past week and a half has been a bit more optimistic. But this bullish channel may turn out to be a bear flag.

The risk on trade has also benefited the pound, but it is far too early to say whether the GBP/USD forecast has turned bullish.

GBP/USD falls as the labour market weakens & USD recovers. Oil steadies after Tump’s pledges to “Drill baby Drill”.

GBPUSD, Dow Jones Forecast: The pound has managed to hold above the 1.20 barrier, while the Dow continues its rebound from the 42,000 level. This week’s volatility risks center around Trump’s return, UK employment data, PMI reports, and Netflix earnings.

GBP/USD continues to pullback from the weekly high (1.2307) as the UK Retail Sales report shows an unexpected 0.3% decline in December.

GBP/USD carves a series of higher highs and lows following the failed attempt to test the November 2023 low (1.2096).

British Pound plunged more than 5.2% off the December highs with GBP/USD now responding to pivotal support. Battle lines drawn on the weekly technical chart.

GBP/USD rises after UK inflation cools. USD/JPY falls ahead of US CPI.