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U.S. Dollar / Pound Sterling

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POUNDS CLIMBS amid Eco Growth & Slower Inflation. What's Next?A week ago BOE just cut it's rate by 25 bps and still have possibility to continue it's normalization cycle. Yesterday we saw GDP m/m actual data higher than expected and it's good for currency. YoY inflation rate also still in control and it's also good for currency. Technically, the bullish momentum just paused by trendline resistance and classical resistance. Pounds may have correction movement before he continue it's uptrend. Traders may use 1.25000 and see buy chance with a stoploss at 1.24440
Long
by vicariuzchrist
GBPUSD WEEKLY OUTLOOKThe daily timeframe market structure is showing a clear bearish trend. Price has failed twice to break the last low high to create a new trend. Therefore, the trend remains bearish and we should only look for sells. However, on the 4H timeframe, we do not have a clear confirmation on which direction the price wants to move. Yes, we have the long-term trend, but the market is not yet set up on the lower timeframe. Price have been ranging from Jan 27th to the present day. We shall wait for a clear BOS on the 4H timeframe before we look for an entry.
by Princessk99
GBP/USD Supported by Peace Deal HopesThe GBP/USD traded at $1.246, holding steady with global market optimism. The pound found support from peace deal hopes between Ukraine and Russia but struggled against a stronger U.S. dollar, supported by rising Treasury yields and recent inflation data. The Federal Reserve’s cautious approach to rate cuts has kept the dollar firm, while UK economic concerns, including a potential GDP contraction, weigh on the pound. With upcoming U.S. PPI data, GBP/USD could face further pressure. The first resistance level for the pair will be 1.2500. In the event of this level's breach, the next levels to watch would be 1.2600 and 1.2650. On the downside 1.2340 will be the first support level. 1.2265 and 1.2100 are the next levels to monitor if the first support level is breached.
by zForexcom
GBP/USD: Sterling on its way to 1.2579Sterling has shown strength in the markets following the release of surprisingly strong UK GDP data. Unexpected growth of 0.1% in the fourth quarter, which beat expectations of contraction, boosted the British currency to levels near 1.25155 against the US dollar. Trade balance data has not accompanied being far away from expectations, as well as investment data. The construction data has also been very disappointing, so the data has not been consistent for the UK in an absolute growth sense. Monetary Policy Impact: However, the recent interest rate cut by the Bank of England has introduced volatility into the pair. Following this cut, GBP/USD closed around 1.24, establishing key support at 1.23698 and immediate resistance at the last high recorded last Thursday. This contrast between positive economic growth and looser monetary policy creates an uncertain near-term scenario. Expectations about possible changes in U.S. trade policy - including future tariffs - add an additional layer of uncertainty. There are contrarian voices in the currency's likely evolution, with some analysts arguing that the pound's strength could be maintained despite rate cuts, while others warn that inherent volatility will continue to be a major concern. There are contrarian voices in the possible evolution of the currency, while some analysts argue that the strength of the pound could be maintained despite the rate cuts, others warn that the inherent volatility of the market and adjustments in monetary policy could lead to sharp movements in the pair. The latter view is more likely to be predicted than the former as the UK is not enjoying its pre-Brexit strength and its movement has been steadily declining since September last year, and reversing a trend in this case is going to be difficult for policy makers due to the general weakness in UK debt, so much so that many are talking about the problem being generated and an attempt to return to the European Union. Technical Analysis The pound strengthened, reaching levels near 1.25155 against the US dollar However, the recent rate cut by the Bank of England has introduced volatility in the pair. Following this cut, GBP/USD closed around 1.24, placing key support at 1.23698 and immediate resistance at last Thursday's recent high where it reached its last resistance zone. This contrast between positive economic growth and looser monetary policy creates an uncertain near-term scenario. It is worth keeping an eye on the resistance zone, if the pair manages to overcome the barrier at 1.25493, the next target would be around 1.26. Conversely, a break below the support at 1.23739 could open the door to declines towards levels near 1.22. Currently, the important trading zone for the pound is located at 1.25318 marked by the Check Point (POC). RSI is signaling an overbought high at 68.76% at the start of the European session, this does not mean that the pair can hold beyond the indicated middle zone around 1.25798 which is where the strong resistance is located to prove the validity of a pound marked as weak these last six months. Conclusion Despite the initial GDP momentum, the pound faces mixed signals. The recent rate cut has generated volatility, placing support at 1.23698 and resistance between 1.25493 and 1.25798. If resistance is broken, the pair could reach 1.26; otherwise, a drop below support could drag it down to 1.22. Traders should keep an eye on these key levels in a scenario of uncertainty. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
by ActivTrades
GBPUSD InsightHello, subscribers! Please share your personal opinions in the comments. Don’t forget to like and subscribe! Key Points - The U.S. Consumer Price Index (CPI) for January rose by 3.0%, exceeding both market expectations and the previous month's figure of 2.9%. Core CPI also increased by 3.3%, surpassing the market forecast of 3.1%. - The Federal Reserve’s March rate hold is now a certainty, and the market expects the Fed to resume rate cuts only in the second half of the year. Regarding the latest CPI results, Fed Chair Jerome Powell stated that inflation is approaching the target but has not yet been fully achieved. - U.S. President Donald Trump mentioned that he spoke with Russian President Vladimir Putin, and both Russia and Ukraine have agreed to begin ceasefire negotiations. Key Economic Events This Week + February 13: U.K. Q4 GDP, Germany January CPI, U.S. January PPI + February 14: U.S. January Retail Sales GBP/USD Chart Analysis The pair recently climbed to the 1.25000 level but failed to break through, leading to a slight pullback. Given the current market conditions, there is a high likelihood of another upward move. If GBP/USD successfully breaks above the 1.25000 level, it could rise further toward 1.27000. However, if it faces resistance at 1.25000 once again, there remains a possibility of a decline toward the 1.20000 level.
Long
by shawntime_academy
Gbpusd signal GBP/USD holds comfortably above the ascending trend line and the 200-period and the 100-period Simple Moving Averages (SMA), reflecting the bullish bias. Additionally, the Relative Strength Index (RSI) indicator on the 4-hour chart stays above 50. In case GBP/USD confirms 1.2450 (Fibonacci 50% retracement of the latest downtrend) as support, it could target 1.2500 (round level, static level) and 1.2530 (Fibonacci 61.8% retracement) next. On the downside, supports could be seen at 1.2415 (100-period SMA) and 1.2380-1.2370 (200-period SMA, Fibonacci 38.2% retracement, ascending trend line). Gbpusd signal
Short
by JohnHarry_7
GBP/USD Rises as Traders Scale Back Aggressive BoE Easing BetsThe British pound rose to $1.2440, rebounding from a three-week low as traders adjusted rate cut expectations after BoE policymaker Catherine Mann’s comments. Although she voted for a 50bps cut, she clarified it wasn’t a signal for aggressive easing but aimed to improve market communication. She emphasized the need to maintain monetary restrictions due to structural challenges in returning inflation to 2%, leading traders to lower 2025 rate cut expectations to 62bps. Focus now shifts to upcoming GDP estimates, Q4 figures, and December’s industrial and manufacturing output. The first resistance level for the pair will be 1.2500. In the event of this level's breach, the next levels to watch would be 1.2600 and 1.2650. On the downside 1.2340 will be the first support level. 1.2265 and 1.2100 are the next levels to monitor if the first support level is breached.
by zForexcom
Fundamental Market Analysis for February 12, 2025 GBPUSDEvents to pay attention to today: 15:30 EET. USD - Consumer Price Index 17:00 EET. USD - Federal Reserve Chairman Jerome Powell Speaks GBPUSD: The GBP/USD pair rebounded on Tuesday, breaking a three-day losing streak and returning to the 1.24500 level touching range, up around two-thirds of one per cent for the day. Global currency markets sold off the US Dollar slightly as risk appetite gradually recovered across the board, helped by a speech from Federal Reserve (Fed) Chairman Jerome Powell and expectations that the latest iteration of US President Donald Trump's tariff threats would be averted through last-minute concessions, as has been the custom since Donald Trump took over the White House.UK data remains scarce midweek, but cable traders will be keeping an eye on Thursday's release of UK gross domestic product (GDP) data. The latest forecasts indicate that UK GDP will recover to 1.1% year-on-year in the fourth quarter, although the fourth quarter GDP figure is expected to contract by -0.1%.The key indicator on Wednesday will be the US Consumer Price Index (CPI). US core CPI inflation is expected to remain at 2.9% year-on-year, while core CPI inflation is expected to decline to 3.1% from the previous reading of 3.2%. On Thursday, the US Producer Price Index (PPI) will be released, with core PPI inflation expected to ease slightly to 3.3% y/y from 3.5%. Trading recommendation: FLAT
by Fresh-Forexcast2004