Exchange Rates UK Research's latest April-May 2026 poll of major investment banks shows the pound-to-dollar exchange rate is expected to average around 1.33–1.34 in Q2 this year, below the current spot near 1.3576, with forecasts ranging widely from 1.27 on the downside to 1.40–1.45 on the upside over the longer term. The data.
GBP/USD surges past 1.3600 as Yen intervention batters Dollar now
GBPUSD managed to pass above the resistance of 1.3485 to meet the first target at 1.3580. As we see over the chart, the market is facing the first support zone at 1.3485, where if prices remain above it, more advance will be expected with resistances at 1.3580 and 1.3710-35.
EUR/GBP: Confusing picture on BoE communication – ING
DXY stalls below 99 trendline resistance as GBP/USD breaks above 1.3580 targeting 1.3720, while EUR/USD bounces off trendline support toward the 1.1800 level.
GBP/USD Price Forecast: Looks prepared for fresh rally towards 1.3720
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GBP/USD continues to trade within a well-defined range after a multi-week advance, with price now testing a major resistance zone on the back of the Fed and Bank of England rate decisions. The sustained rally reflects improving near-term momentum, but the lack of a breakout keeps the focus on this key barrier.
GBP/USD surges amid lower-than-expected US GDP growth, BoE hold
EUR/USD, GBP/USD update after the Bank of England and ECB: The US Dollar tumbles as FX markets digest a slew of central bank decisions. While policymakers remain cautious over surging energy prices, a decoupling from crude oil has brought momentum into European currencies.
GBPUSD managed to pass above the resistance of 1.3485 to meet the first target at 1.3580. As we see over the chart, the market is facing the first support zone at 1.3485, where if prices remain above it, more advance will be expected with resistances at 1.3580 and 1.3710-35.