British Pound: Downside pressure persists against US Dollar - UOB
GBP/USD Price Forecast: Bears flirt with monthly low, near 1.3480-1.3470 confluence
Intraday levels showing possible support around 1.3475 which may support the market over the Intraday levels As we see over the chart market facing supports at 1.3475 and 1.3400 where each support may have the chance to push for advance toward 1.3675 Below 1.3400 more drops toward 1.3280 is likely SUPPORT RESISTANCE LEVEL1 1.3475 […]
The Pound-Canadian Dollar could stay supported if UK inflation keeps BoE hike expectations alive, although firmer oil prices may help the Loonie recover. The Pound Canadian Dollar (GBP/CAD) exchange rate wavered last week amid rising oil prices and US-Canada trade tensions, before upbeat UK GDP supported Sterling.
The foreign exchange market is heading into a busy week, with the Federal Reserve meeting on 15–16 September, followed by the Bank of England's rate decision on 17 September. This sequence of central bank meetings, rather than individual macroeconomic releases, is shaping the current fundamental backdrop for the pound.
Pound Sterling's GDP-driven gains face a policy test as ING expects no Bank of England hike, while the ECB's inflation outlook points towards further tightening. The Pound to Euro (GBP/EUR) exchange rate ended the trading week near 1.1663, up 0.24% on the day, however analysts at ING still expect a retreat towards 1.15 in Q4.
Pound Sterling Price News and Forecast: GBP/USD shakes off US CPI jolt as UK growth steals spotlight
Intraday levels show possible support around 1.3475 which could support the market in the short-term. As we see from the chart, prices face supports at 1.3475 and 1.3400 where each support could lead to an advance toward 1.3675.
Pound Sterling Price News and Forecast: GBP/USD flat lines near 1.3500
British Pound: Support at 1.3495 under pressure against US Dollar – UOB
GBP/USD Price Forecast: Flat lines near 1.3500 as bulls shrug off UK GDP ahead of US CPI
GBP/USD bounced after stronger UK GDP and output figures, with manufacturing and services showing resilience despite continued weakness in construction. While a September BoE hike remains unlikely, markets are pricing a more hawkish path further out as energy-driven inflation risks build.