GBP/USD price forecast: slides in the mid -1,3300
The GBP/USD torque attracts some vendors during the Asian session on Wednesday and returns part of its weekly profits recorded in the last two days, to the 1,3400 mark. The intra -dialing is sponsored by a modest fortress of the US dollar (USD) and drags cash prices below 1,3300 in the last hour.
From a technical perspective, the GBP/USD torque showed at the beginning of this week some resistance near the support of 1,3250-1.3245 and bounced in the exponential mobile average (SMA) of 100 periods in the 4-hour graph. In addition, oscillators in daily/hour graphics remain in positive territory. This, in turn, suggests that any subsequent sliding could be seen as a purchase opportunity near the round 1,3300 figure and remain limited. Read more…
GBP/USD receives an impulse for the hopes of a commercial agreement between the US and the United Kingdom
The GBP/USD rose on Tuesday, increasing four tenths of one percent in the day and testing the level of 1,3400 after the holders of a possible commercial agreement between the US and the United Kingdom that would allow the United Kingdom to avoid the weight of the commercial tariffs that the Trump administration is actively chasing.
The next decision of the Federal Reserve (FED) scheduled for Wednesday remains the key event of the week market. Although the markets largely anticipate another maintenance of the Fed rates, investors will be attentive to the comments of those responsible for the policy, specifically the statement of the president of the Fed, Jerome Powell, in search of signs that the Fed could be pivoting towards a cycle of cuts of rates sooner rather than later. Read more…
GBP/USD rises above 1,3350 while operators prepare for Fed and BOE rates decisions
The sterling pound advanced for the second consecutive day, winning more than 0.65% against the US dollar amid a scarce economic agenda on both sides of the Atlantic. The main central banks, such as the Federal Reserve and the Bank of England (BOE), are preparing for their policy meetings. At the time of writing, the GBP/USD is quoted in 1,3381, near the 1.34 mark.
The news related to the US trade continued to monopolize the headlines. The US Treasury Secretary, Scott Besent, said the US is negotiating with 17 commercial partners, but not yet with China. He said some agreements could be announced during the week. 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.
