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GBP/USD Price Forecast: Mixed Technical Signals and a Stronger US Dollar Weigh on Cable

Cable faced selling pressure today thanks to a revival in the US Dollars haven appeal. Looking ahead and developments around the US Dollar is likely to be the major driving force of GBPUSD for the rest of the week. ....

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US Dollar Index (DXY) Update: US Dollar Retreats with GBP/USD Eyeing a Trendline Break

The US Dollar Index faced selling pressure today as US Yields retreated from recent highs. GBPUSD benefitted with a deeper recovery for Cable looking more likely. Can UK Employment data help facilitate a trendline break? ....

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GBP Price Action Setups: GBP/USD, GBP/AUD Attempts Tepid Recovery Ahead of Inflation Data

British Pound bulls’ struggle to gain traction ahead of UK data. Given the uptick in US and Canadian inflation will the UK follow a similar path? ....

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GBP Price Action Setups: GBP/USD, GBP/AUD on the Back Foot Ahead of Massive Week

British Pound bulls’ eye massive week of data to arrest the recent slump as inflation data and the much-anticipated Bank of England meeting lie in wait. 25 bps hike incoming from the BoE? ....

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GBP/USD, Dollar Index (DXY) Hold Above Support Ahead of Key US Data Releases

The Bank of England (BoE) is facing growing challenges heading toward the September meeting, as uncertainty around the Fed swirls as well. Will todays US data provide some clarity for the pair? ....

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