With the stable Middle East truce reducing geopolitical risk premium, the Dollar consolidated ahead of the May CPI report. DXY held steady at $99.86, EUR/USD defended blue trendline support, and GBP/USD maintained bullish structure above $1.337.
Our previous outlook for GBPUSD still stands, as the pair has held above the 1.3280 support level. GBPUSD managed to hold above 1.3280 and has rebounded toward 1.3500 so far.
British Pound: Further downside risk toward 1.3240 against US Dollar – UOB
Intraday analysis covering GBPUSD Finds support, USDCAD , and XAUUSD, highlighting recent price movements, key technical levels, and short-term momentum shifts across major markets. GBPUSD finds support The pound continues to bounce back after the recent sell-off that saw over 100 pips wiped off the value of cable.
Pound Sterling Price News and Forecast: GBP/USD gains traction to near 1.3390 on Wednesday
With the stable Middle East truce reducing geopolitical risk premium, the Dollar gained ground amid shifting risk sentiment. DXY advanced to $99.94 with bullish continuation, EUR/USD defended blue trendline support, and GBP/USD held $1.3366.
GBP/USD attempted to move closer to 1.3350 on Tuesday but remained under pressure. The US dollar continues to benefit from strong US labour market data, which reinforced expectations that the Federal Reserve will maintain a restrictive monetary policy stance and could even consider further interest rate increases before the end of the year.
Our previous outlook for GBPUSD still stands, as the pair has held above the 1.3280 support level. GBPUSD managed to hold above 1.3280 and rebound toward 1.3500 so far.
Pound Sterling Price News and Forecast: GBP/USD steadies following the previous day bounce
The British Pound failed to surpass 1.3520 against the US Dollar. GBP/USD started a fresh decline below 1.3460 and 1.3450 to move into a bearish zone.
Pound Sterling Price News and Forecast: GBP/USD edges higher as Iran-Israel halt hostilities
The Pound to Canadian Dollar (GBP/CAD) exchange rate edged higher last week as volatile oil prices and shifting Middle East headlines weighed on the commodity-linked Canadian Dollar. At the time of writing, GBP/CAD was trading around CA$1.8634, up roughly 0.4% on the week.