GBPUSD Forex Analysis - Uptrend Targeting 1.3000 Weekly Resistance

Dollar Ease While Gold Records All-time High

U.S. Dollar (USD) has been under pressure due to growing speculation that the Fed might implement a larger rate cut in its upcoming policy decision on Wednesday.

PU Prime | 13ч 24мин назад

Gold Records New All-time High

Contrary to the U.S. inflation data (CPI) released on Wednesday, which showed price increases, the U.S. job data from yesterday suggested that the labour market is softening. In the commodity market, gold surged to a new all-time high near $2,560, driven by the anticipation of a Fed rate cut.

PU Prime | 3 дней спустя

Daily Global Market Update

The pound sterling gained against the dollar, while bitcoin and oil prices surged. The Australian dollar's performance was mixed. Grayscale launched a new XRP trust, and traders reduced bets on ECB rate cuts. Key economic events include US export prices, Eurozone meetings, Japan's capacity utilization, Eurozone industrial production, US consumer sentiment, and UK inflation expectations.

Moneta Markets | 3 дней спустя

Dollar Remain Strong on Upbeat CPI

The U.S. CPI readings released last night exceeded market expectations, dispelling concerns about an economic contraction and supported the dollar's strength.

PU Prime | 4 дней спустя

GBP/USD Under Pressure as Diverging Central Bank Policies Shape Market Sentiment

The British pound has come under renewed pressure against the US dollar, with the GBP/USD pair nearing the critical 1.3000 level. This represents a significant retracement from the late-August highs of around 1.3266, driven by the strengthening US dollar.

ACY Securities | 4 дней спустя

Pound pressured by manufacturing

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Pound pressured by manufacturing

FxPro | 5 дней спустя

All Eyes on U.S. CPI Today

Ahead of the highly anticipated U.S. CPI data release today, which the market is closely watching for clues on the Fed’s upcoming monetary policy moves, Wall Street remained largely unchanged in the previous session. The dollar index (DXY) faced rejection below the $102 mark, signalling that expectations of a Fed rate cut are weighing on the dollar's strength.

PU Prime | 5 дней спустя

UK job market stronger than expected but weaker than the US

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: UK job market stronger than expected but weaker than the US

FxPro | 6 дней спустя

EURUSD	1.11201	GBPUSD	1.32056	AUDUSD	0.67422
USDJPY	140.811	USDCAD	1.35926	USDCHF	0.84586