GBP/USD price forecast: The bullish tone remains about 1,3300
The GBP/USD pair earns traction around 1,3290 during the first European session on Monday. The US dollar (USD) weakens in front of the sterling pound (GBP) amid a growing economic uncertainty after the erratic commercial policies of US President Donald Trump.
According to the daily graph, the upward perspective of the GBP/USD remains intact, characterized by the price remaining above the 100 -day exponential (EMA) mobile average. The bullish impulse is backed by the 14 -day relative force (RSI) index, which is located above the midline about 55.60, suggesting that the lower resistance path is upward. Read more…
GBP/USD weekly perspective: The sterling pound awaits Fed and BOE policy decisions for a new impulse
The sterling pound (GBP) experienced a downward correction against the US dollar (USD) after the GBP/USD torque faced a rejection near the 1,3450 barrier. The King Dollar recovered his throne, registering the third weekly gain, due to the decrease in fears for tariff war and the optimism that arises from possible commercial agreements between the United States (USA) and its main Asian commercial partners.
US President Donald Trump and some of his colleagues remained in his rhetoric that trade negotiations continued with China, although Beijing dismissed such conversations. Trump said during the week that he has “potential” commercial agreements with India, South Korea and Japan and that there is a very good possibility of reaching an agreement with China. Read more…
GBP/USD is consolidated above 1,3200 while traders stay out before the BOE this week
The GBP/USD torque starts the new week with a dull tone and oscillates in a narrow negotiation range around the area of ​​1,3260-1.3265, about a minimum of a week reached during the Asian session.
The US dollar (USD) remains defensive below a maximum of several weeks amid a growing economic uncertainty due to the tariff plans of US President Donald Trump and turns out to be a key factor that acts as a tail wind for the GBP/USD torque. In addition, the perspective of more aggressive policies by the Federal Reserve (Fed) seems to undermine the dollar further. Read more…
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
