British Pound: Weekly outside reversal eyes 1.3650 against US Dollar – Scotiabank
Pound Sterling Price News and Forecast: GBP/USD fits fresh monthly high
GBPUSD managed to fsupport zone 1.3140-60 which managed in turn to push for rebound correction toward target 1.3350-1.3400 zone Market may hold this trading zone between support zone 1.3140-60 and resistance 1.3350-1.3400 Below 1.3140 more drops toward 1.3000 zone is likely Above 1.3400 more advance is likely SUPPORT RESISTANCE LEVEL1 1.3140-60 1.3350-1.3400 LEVEL2 1.3000 […]
Together, these signals highlight key confirmation and invalidation levels for potential rebounds across the FX market. The outlook remains sensitive to inflation and energy prices, with US CPI rising to 3.7% in September and crude oil holding in neutral-to-bullish territory above $90.
US dollar price forecast: DXY tests 101.80 after Warsh avoids an October preview, while EUR/USD eyes 1.1277 and GBP/USD tests 1.3322 resistance.
The Pound-Dollar rate could extend gains if Andrew Bailey signals a November hike, while Kevin Warsh may drive fresh volatility in the Greenback. The Pound US Dollar (GBP/USD) exchange rate pressed higher on Thursday as the UK's latest GDP figures surprised to the upside.
GBP/USD Price Forecast: Extends recovery to near 1.3300 ahead of Fed Warsh's speech
GBP/USD Price Forecast: Pound pares losses and nears range top at 1.3300
Data showed that UK GDP unexpectedly grew in August despite consumer spending falling. The UK economy grew 0.1% after expanding by 0.4% in July.
British Pound: Wider trading range expected against US Dollar – UOB
GBPUSD fell toward 1.3180 as market support remains at 1.3140-60. As long as the market holds above the support zone of 1.3140-60, a rebound towards the 1.3350-1.3400 zone is likely.