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.

The UK services was back in growth territory to appease the GBP traders and there was no Turkey for US dollar bulls, with the Greenback fading after Wednesday’s recovery. GBP/USD technical analysis suggests path of least resistance remains to the upside.

EUR/USD rises ahead of Eurozone PMI data. Oil falls further after OPEC+ delays its November meeting.

What does the OPEC+ delaying meeting means for oil prices? And GBP/USD is in focus as pound drops after autumn statement. But was that because of the overall recovery in US dollar, following the release of mostly stronger data?