GBP/USD Forecast: Pound sterling to stay rangebound ahead of key events
GBP/USD went into a consolidation phase above 1.2800 on Monday after having climbed to its strongest level in 14 months at 1.2850 on Friday. The pair could have a difficult time building on last week's gains in the near term, with investors moving to the sidelines ahead of this week's key macroeconomic events. Read more...
GBP/USD: Minor dips should remain well-supported – Scotiabank
Economists at Scotiabank analyze GBP outlook.
EUR/GBP to see a further fall towards support around 0.8450
Sterling gains have steadied versus the USD, with oscillator signals veering towards overbought on the intraday and daily studies. Read more...
GBP/USD: Longs stretched but acceleration to 1.30 may gather momentum depending on Wednesday’s CPI – SocGen
GBP/USD pauses after a 1.95% gain last week. Economists at Société Générale analyze GBP outlook ahead of the UK Consumer Price Index (CPI) data and the Bank of England (BoE) meeting this week. Read more...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
US Dollar runs with December Nonfarm Payrolls – LIVE
Nonfarm Payrolls in the US rose by 256,000 in December, while the Unemployment Rate fell to 4.1%. Even further, wage pressures eased, with Average Hourly Earnings at 3.9% YoY. Wall Street's futures plunge and the US Dollar firms up with the news.
EUR/USD nears 1.0200 after solid US NFP report
EUR/USD trades at its lowest since November 2022, approaching the 1.0200 mark after a solid United States December Nonfarm Payrolls report smashed the odds for Federal Reserve interest rate cuts.
GBP/USD battles 1.2200 amid broad US Dollar demand
The British Pound extends its bearish route to fresh multi-month lows against the Greenback. GBP/USD battles to retain 1.2200 as UK bond market turmoil and a solid US employment report led the pair lower.
Gold retreats from around $2,680, risk aversion limits the slide
Gold price (XAU/USD) peaked above $2,680 on Friday, retreating after the NFP release amid broad US Dollar demand. Ruling risk aversion, however, limits the downside for the safe-haven metal.
How to trade NFP, one of the most volatile events Premium
NFP is the acronym for Nonfarm Payrolls, arguably the most important economic data release in the world. The indicator, which provides a comprehensive snapshot of the health of the US labor market, is typically published on the first Friday of each month.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.