GBP USD

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.

Although the pound has fallen along with other major currencies, it may be able to regain its poise with Trump suggesting that a deal "can be worked out" with the UK. This means the risks to the GBP/USD forecast are less pronounced than the likes of the Canadian dollar or the euro.

GBP/USD holds below the 50-Day SMA (1.2511) after failing to test the monthly high (1.2576).

GBPUSD, Dow Forecast: Despite the Federal Reserve’s decision to hold rates and Trump’s tariff threats, GBPUSD remains near the 1.24 mark, while the Dow Jones trades near its record highs. Will these rallies continue?

DAX reaches record highs ahead of ECB rate decision. GBP/USD holds steady around 1.2450 post-Fed & ahead of US data

DAX rises as tech jitters calm & attention turns to the ECB rate decision. GBP/USD edges higher ahead of the FOMC rate decision.

British Pound nearly erased the monthly declines with GBP/USD carving a weekly opening-range ahead of the Fed. Battle lines drawn on the short-term technical charts.

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.

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.

GBP/USD has recorded six consecutive sessions of declines, approaching the key support at 1.21779, a level not seen since 2023.

A hot CPI report could lead traders to start asking whether the Fed’s interest rate cutting cycle may be completed already, complicating the path forward for a central bank that has clearly been hinting that the easing cycle isn’t done yet.

GBP/USD Forecast: This week brings notable UK economic indicators, including GDP, inflation, and retail sales, alongside the key catalyst: U.S. CPI data. These events are set to shed light on the pound’s struggles with pressured lows against the dollar.

It was a brutal week for the British Pound, with GBP showing its largest weekly loss against the Euro in more than a year.

GBP/USD approaches the November 2023 low (1.2096) after failing to defend the 2024 low (1.2300).

I doubt we’ll be seeing too much weakness in December’s NFP figures later today, and that could prompt another bid for the USD. But with Trump likely to revive his disdain for a strong dollar, perhaps a pullback is not too far away.

British Pound plunged nearly 2.7% off the weekly high with price responding to trend support ahead of NFP. Battle lines drawn on the GBP/USD short-term technical charts.