This GBPUSD analysis reviews the currency pair from technical and fundamental aspects. It also features trend examination, price forecasts, support and resistance levels, and trading signals.
We update this page daily to ensure you have the latest information by covering the price changes.
GBPUSD Analysis & Live Chart
GBPUSD Fundamental Analysis
Bloomberg—The pound surged, reaching a seven-month high as the US dollar weakened, even though UK inflation showed signs of cooling. Consumer prices rose 2.6% from a year earlier, and service sector inflation slipped to 4.7%, easing pressure on the Bank of England.
In response, markets increased expectations for rate cuts, with 86 basis points of easing now forecast by the end of the year, and rising chances of a December cut. These figures hint that the BoE could have more flexibility to support the economy amid challenges from global trade tensions and rising living costs.
At the same time, the US dollar index hit a three-year low, dragged down by investor concerns over the Fed’s independence and growing fears of a global trade slowdown.
GBPUSD Technical Analysis
FenzoFx—The GBP/USD currency pair rose as high as $1.3435, a robust resistance level backed by the September 2024 high. As of this writing, GBP/USD trades at approximately $1.3387, slightly below the resistance level.
The primary trend is bullish, but the pair is encountering a strong resistance zone. Furthermore, the Stochastic and RSI-14 indicators signal overbought conditions, indicating that the British pound is overpriced relative to the U.S. dollar.
From a technical standpoint, a consolidation phase could emerge, targeting lower support levels if GBP/USD remains below the $1.3434 resistance. At this level, the currency pair has the potential to dip toward 1.3295, followed by 1.3202.
GBPUSD Support and Resistance Levels
| Support | 1.3202 | 1.3144 | 1.3030 |
| Resistance | 1.3435 | 1.3485 | 1.3500 |
Market Trends Through Technical Indicators
The widget below calculates market trends using multiple indicators, such as moving averages and oscillators. It allows users to easily review market trends across various timeframes.
The larger the timeframe, the more accurate the signals tend to be. Integrating this widget into your strategy and considering our fundamental news can help you make well-informed decisions.
Trade GBPUSD
Spreads start at 0.5 pips, with no swaps and no commissions.
Join The Forex Analysis Contest for GBP/USD
Share your predictions for next Monday’s market prices. If your forecast is accurate, you’ll earn $100.0 for that analysis. You can submit one prediction for each trading product—giving you multiple chances to win!