GBP USD

The GBP/USD is poised for a significant challenge in the upcoming days, spanning the end of this week and much of the next. Anticipation surrounds key data releases from both the UK and the US, with the US nonfarm payrolls report on Friday and CPI data on the horizon. Moreover, the Federal Reserve and the Bank of England are set to announce their respective interest rate decisions next week.

DAX rises to an all time high on rate cut bets. GBP/USD look to BoE's Bailey & US ADP payrolls.

The British Pound bulls halted at resistance last week with the December opening-range now taking shape. Battle-lines drawn on the GBP/USD short-term technical charts.

GBP/USD is soaring on expectations of aggressive Fed rate cuts in 2024, despite Fed Chairman Powell’s protestations...

DAX rises ahead of inflation data. GBP/USD rises to 1.27 on divergent central bank chatter.

DAX slips, German consumer confidence ticks higher. GBP/USD consolidates at a 3-month high ahead of US consumer confidence data.

GBP/USD has continued to take advantage of a weaker US dollar and rise to an 11-week high. And with a high level of volume activity overhead, we see the potential for a move to 1.27.

GBP/USD outlook: Next week US data will include GDP and PCE inflation, as pound finds support with UK services returning to growth. GBP/USD technical analysis point higher.

GBP/USD falls after retail sales unexpectedly fall. DAX rises and is set for a weekly gain ahead of eurozone inflation data.

GBP/USD falls as UK inflation cools. DAX rises on optimism that central banks are done hiking rates.

GBP/USD rises to a weekly high after UK jobs data. DAX trades cautiously ahead of EZ GDP & US CPI data.

The US dollar has started the new week trading mixed, rising to a fresh 2023 high against the Japanese yen but falling against the likes of the Aussie and pound. The dollar index closed higher last week. This week, we will have some important economic data to look forward to, including CPI from both the UK and US, which puts the GBP/USD outlook into focus.

With central bank members from the Fed and BOE lined up ahead of tomorrow's US inflation report, GBP/USD is a pair to watch for potential volatility. And whilst the DAX has seen a decent rally from its cycle low, I'm looking for a potential swing high and pullback to 15k.

Following Thursday’s bullish reversal in the dollar on the back of a soft 30-year Treasury auction and hawkish comments by Powell, the key question is whether those gains will last. I don’t think the Fed Chair said anything out of the ordinary, although that’s not to say the dollar won’t necessarily rise further. I mean, you wouldn’t expect him to turn decisively dovish just on the back of a couple of weaker data points.

GBP/USD struggles as UK GDP stalls. USD/JPY grinds higher after a hawkish Fed Chair Powell.

A quick look at the charts suggests the British pound might be nearing a burst of energy, and that could be beneficial for GBP/USD bulls or EUR/GBP bears.

GBP/USD falls ahead of BoE Bailey & Fed Chair Powell’s speeches. DAX falls ahead of German inflation & retail sales data & as after Commerzbank, Adidas earnings.