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GBP/USD analysis: Cable on verge of big breakout
In the week ahead, we have key UK inflation numbers and global PMI data to trigger the next move. Our GBP/USD analysis remains bullish because of our bearish view on the dollar.
GBPUSD Analysis: April Highs Set a Weekly Ceiling
GBPUSD Analysis: with the upcoming BOE statement, CPI metrics, and Flash PMI results, April highs are challenged for further bull runs
GBP/USD: Trade setups for today’s important US jobless claims update
US jobless claims data will garner far more interest than usual later Thursday as traders assess whether last week’s unusually large increase was an anomaly or start of a new trend. Testing a key level on the charts, two-way risk created by the data makes GBP/USD a pair to keep on the radar.
GBP/USD, DAX Forecast: Two trades to watch
GBP/USD unmoved as traders shrug off wage data. DAX eases from record high ahead of German ZEW economic sentiment & US PPI.
GBP/USD forecast: Volatility expected with UK data, Powell on tap
Incoming UK data today could be the difference between the BOE cutting or holding in June. Add into the mix US producer prices and Powell speech, GBP/USD us a key market for forex traders to watch today.
GBP/USD forecast supported ahead of key US data – Currency Pair of the Week
GBP/USD has been supported by stronger UK GDP ahead of wages data on Tuesday. Meanwhile, the US dollar has been hit by signs of cooling labour markets ahead of key inflation data on Wednesday. GBP/USD technical analysis points higher after breaking a bearish trend.
British Pound Forecast: GBP/USD Enters a Key Period With Everything to Play For
GBP/USD slipped last week on a moderately dovish BOE – what should traders be watching this week?
GBP/USD outlook boosted by UK GDP ahead of key US data - Forex Friday
Welcome to another edition of Forex Friday, a weekly report in which we highlight selected currency themes. In this week’s report, we will discuss the British pound, US dollar and look ahead to the next week.
GBP/USD, USD/JPY Forecast: Two trades to watch
GBP/USD falls ahead of the BoE rate decision. USD/JPY rises despite a more hawkish BoJ.
GBP/USD key levels into BOE, silver considers its next breakout
The big question for today is if the BOE will satisfy bearish market positioning with enough dovish talk to prevent shorts from covering, and inadvertently sending GBP/USD higher.
GBP/USD forecast: Currency Pair of the Week – May 8, 2024
GBP/USD forecast: All eyes on BoE policy decision, before attention turns to UoM consumer sentiment and inflation expectations data on Friday, before CPI data next week.
USD/JPY, GBP/USD, gold forecast: Technical levels for May 8, 2024
GBP/USD could extend its losses despite the US dollar 'rebound' already losing steam, whilst gold's base looks set for a bullish breakout and USD/JPY might achieve another leg higher before it tops. In my opinion, at least.
British Pound Forecast: GBP/USD Retests 1.26 with BOE on Tap
The risks for GBP/USD are tilted toward a topside breakout and continuation toward 1.2700 if the BOE and UK GDP play along.
British Pound Forecast: GBP/USD, GBP/JPY, EUR/GBP
The Bank of England hosts a rate decision on Thursday and GBP/USD has pushed back-above the 1.2500 handle. GBP/JPY slid after touching the 200.00 mark for the first time since 2008, and EUR/GBP is showing bearish breakdown potential with two different technical formations.
GBP/USD, Oil Forecast: Two trades to watch
GBP/USD inches higher ahead of the non-farm payroll report. Oil rises but is set for worst weekly loss in 3-month
GBP/USD, USD/JPY Forecast: Two trades to watch
GBP/USD falls ahead of the Fed. USD/JPY pair extends its rebound ahead of the Fed & after Japanese manufacturing PMI data.
Forex Seasonality – May 2024: Pullback Potential in EUR/USD and GBP/USD?
May has historically been the second-worst month for EUR/USD (-0.62%) and GBP/USD (-0.37%) - see what to watch for from the other major currency pairs!
GBP/USD, EUR/USD forecast: Here’s why the US dollar rally has stalled
The US dollar rally has stalled, and the longer is fails to extends its gains the greater the odds of a pullback. For today, flash PMIs have placed GBP/USD and EUR/USD into focus.
British Pound Forecast: GBP/USD Hits 2024 Lows, Traders Continue to Sell Rallies
GBP/USD remains in “sell rallies” mode, so bullish readers will want to be nimble against a broader backdrop that favors more downside from here.
GBP/USD: Selling squeezes as bearish fundamentals and technicals combine
Divergent economic and monetary policy outlooks for the US and UK continue to weigh on GBP/USD, making the case for downside a far easier sell than for upside right now.
GBP/USD, DAX Forecast: Two trades to watch
GBP/USD attempts to recover after CPI cooled less than expected. DAX inches higher ahead of Eurozone inflation data & after ASML earnings.
GBP/USD, Oil Forecast: Two trades to watch
GBP/USD held at a five-month low after jobs data and ahead of Fed Chair Powell's speech. Oil rose after China's GDP growth and amid ongoing Middle Eastern tensions.
GBP/USD outlook: Currency Pair of the Week – April 15, 2024
The GBP/USD could be impacted significantly by UK CPI data this week. For now, markets are calm as Iran tensions have eased, but the situation remains volatile, likely to keep risk appetite low. The GBP/USD outlook is bearish as US dollar is likely to remain supported on any short-term dips.