GBP/USD Forecast: Sterling Might Have Difficulty Rebounding
GBP/USD fails to consolidate strong gains from the previous week and retreats to the 1.2450 area on European morning Monday. Although the technical picture suggests that the bullish trend remains intact, the pair could struggle to regain its traction in a risk-averse market environment.
Safe haven flows dominate action in financial markets at the start of the week, helping the US Dollar (USD) hold firm. Uncertainty surrounding US President Donald Trump’s trade policy, after the Wall Street Journal reported that the Trump administration did not plan to negotiate with Canada or Mexico and would begin imposing 25% tariffs on February 1, makes investors adopt a cautious stance. Read more…
GBP/USD Elliott Wave Technical Analysis [Video]
The analysis focuses on the GBPUSD currency pair via Elliott Wave Theory on a daily chart, indicating an uptrend with an impulsive wave pattern. The key observation lies in the Navy Blue Wave 1, which is part of the broader Gray Wave 1, marking the beginning of a new bullish movement.
Currently, the market suggests the completion of Navy Blue Wave 1 within Gray Wave 1, moving into the corrective phase of Navy Blue Wave 2. This phase temporarily consolidates previous gains before the uptrend resumes with an action additional impulse price. Read more…
GBP/USD Weekly Outlook: Downside risks lurk amid recovery from 14-month lows
The British Pound (GBP) extended its recovery from 14-month lows of 1.2100 against the US Dollar (USD)with GBP/USD testing bids above 1.2400.
US President Donald Trump returned to the White House for a second term, and his tariff talks remained the main market driver, influencing risk sentiment, the US dollar and eventually the currency pair high beta – GBP/USD. The dollar languished at monthly lows against its main rivals amid uncertainty over Trump’s tariff policy and his calls to lower interest rates and the USD. 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.
