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GBP
GBP
08
Jan

GBP/JPY struggles below 211.00 as flight to safety benefits JPY; lacks bearish conviction

The GBP/JPY cross struggles to build on a modest Asian session uptick on Thursday and currently trades near the lower end of its daily range, just below the 211.00 mark. Spot prices, however, lack follow-through selling, warranting some caution before positioning for an extension of the recent pullback from the 212.15 region, or the highest […]

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06
Jan

GBP/USD Price Reaches fresh three-month highs above 1.3550

GBP/USD extends its gains for the second successive session, trading around 1.3560 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates a persistent bullish bias. The 14-day Relative Strength Index (RSI) reached 69.29, near overbought. If the RSI extends into overbought territory, the pair could consolidate before resuming the trend. […]

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06
Jan

GBP/JPY Price Forecast: Looks set for fresh rally above 212.20

The GBP/JPY pair posts a fresh multi-year high at 212.15 during the Asian trading session on Tuesday. The pair trades firmly as the Japanese Yen (JPY) underperforms across the board, even as Bank of Japan (BoJ) Governor Kazuo Ueda has signaled that there will be more interest rate hikes in the near term. Japanese Yen […]

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06
Jan

EUR/GBP flat lines near 0.8650 ahead of German CPI inflation release

The EUR/GBP cross trades on a flat note near 0.8655 during the early European trading hours on Tuesday. However, the potential upside for the cross might be limited as the Bank of England (BoE) guided that the monetary policy will remain on a gradual downward path, lifting the Pound Sterling (GBP). The preliminary reading of the German […]

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05
Jan

GBP/USD Price Forecast: Falls toward 1.3400 near 50-day EMA

GBP/USD extends its losses for the second successive session, trading around 1.3420 during the Asian hours on Monday. The technical analysis of the daily chart indicates that the 14-day Relative Strength Index (RSI) at 53 (neutral) has eased from near overbought, indicating that momentum has cooled while remaining above the midline. RSI holds above 50, […]

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02
Jan

GBP/USD gathers strength above 1.3450 on Fed rate cut bets, BoE’s gradual policy path

The GBP/USD pair gathers strength to around 1.3480 during the early Asian session on Friday. Expectations of the US Federal Reserve (Fed) rate cuts this year weigh on the US Dollar (USD) against the Pound Sterling (GBP). Philadelphia Fed President Anna Paulson is set to speak later on the weekend.  The Greenback ended 2025 with the sharpest annual […]

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31
Dec

GBP/USD Price Tests 1.3450 support after moving below nine-day EMA

GBP/USD remains subdued for the second consecutive day, trading around 1.3460 during the Asian hours on Wednesday. The technical analysis of the daily chart indicates a weakening of a bullish bias as the pair is positioned slightly below the lower boundary of the ascending channel pattern. The nine-day Exponential Moving Average (EMA) trends above the […]

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31
Dec

EUR/GBP softens below 0.8750 as BoE hints at a slower pace for future cuts

The EUR/GBP cross softens to around 0.8720 during the early European session on Wednesday. A cautious tone surrounding the Bank of England’s (BoE) policy outlook could provide some support to the Pound Sterling (GBP) against the Euro (EUR). Trading volumes are expected to remain thin ahead of the New Year holidays. The UK central bank reduced interest rates from 4.0% […]

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30
Dec

EUR/GBP slips to near 0.8700 due to BoE caution, Ukraine tensions

EUR/GBP extends its losses for the second successive session, trading around 0.8710 during the European hours on Tuesday. Volumes are expected to be thin due to the year-end holiday. Traders are also monitoring geopolitical tensions as uncertainty over the Ukraine-Russia peace process resurfaced. Russia’s foreign minister said Moscow’s negotiating stance would shift following alleged strikes […]

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30
Dec

Pound Sterling flattens against US Dollar as markets turn to FOMC Minutes

The Pound Sterling (GBP) trades flat around 1.3500 against the US Dollar (USD) during the European trading session on Tuesday, close to an over three-month high of 1.3535 posted last week. The GBP/USD pair consolidates as the US Dollar wobbles ahead of the release of Federal Open Market Committee (FOMC) Minutes of the December meeting, which will […]

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