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Currently trading at around ~1.34650, GBP/USD trades 0.32% lower in today’s session. Easing from multi-year highs made last week, cable continues to benefit from robust economic data and underlying dollar weakness. GBP/USD: Key takeaways from today’s trading Seeing convincing buying pressure in Friday’s session, GBP/USD recently rallied to highs of 1.35934, a level last seen […]

The post GBP/USD Forecast: Sterling Retraces from 3-Year Highs Versus Dollar appeared first on Action Forex.

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18/01/2024

GBPUSD Wave Analysis

GBPUSD reversed from support level 1.2620 Likely to rise to resistance level 1.2775 GBPUSD currency pair recently reversed up from the key support level 1.2620 (which has been repeatedly reversing the price from the middle of December). The support level 1.2620 was strengthened by the lower daily Bollinger Band and by the 61.8% Fibonacci correction […]
16/07/2024

Bullish Pound Eyes $1.30 Ahead of UK Inflation Test

June CPI numbers the highlight of this week’s UK data flurry Could the Bank of England cut interest rates next month? Pound undeterred as it extends July gains Job stats and retail sales to follow Wednesday’s CPI report (06:00 GMT) On target Inflation in the UK peaked much higher than in other major economies during […]
11/11/2024

Altcoins Acceleration Amid Bitcoin’s New Heights

Market Picture The crypto market capitalisation has reached $2.75 trillion, approaching the peak of $2.77 trillion reached in March this year. The next target for the crypto bulls looks to be the historical highs at $2.86 trillion and possibly even the next round level of $3.0 trillion. Bitcoin has broken the upper boundary of the […]