GBP/USD Outlook: Pound under Pressure Ahead of BoE Rate Decision

The ongoing US geopolitical risks limit the dollar’s upside. The euro displays resilience against rising fiscal concerns and weak trade performance.  Traders look forward to comments from ECB Lagarde for insights into monetary policy. The EUR/USD forecast shows downside momentum as the pair hovers below 1.1600, maintaining steady momentum as the US Dollar Index (DXY)……

Gold weekly forecast is bullish amid geopolitical tension. Cooling US inflation data, which weighs on the dollar, boosted demand for gold. Market participants are now eyeing the FOMC meeting minutes. The gold weekly forecast turns strongly bullish, with an eye on testing the all-time highs around $3,500. The recent geopolitical tension stemming from the Israel-Iran……

The USD/CAD outlook indicates a rallying dollar as markets prepare for Trump’s reciprocal tariffs. The US has only signed trade deals with the UK, China, and Vietnam. Market participants are expecting crucial employment figures from Canada this week. The USD/CAD outlook shows a rallying dollar as markets brace for Trump’s reciprocal tariff deadline. Meanwhile, the……

The EUR/USD weekly forecast turns negative near 1.1700 as the dollar recovers. Upbeat US economic data and the Fed’s cautious rhetoric lend support to the greenback. Eurozone and US jobs data and central bank speeches can shape the markets next week. The EUR/USD weekly forecast remains subdued under 1.1700, extending the retreat from the September……

The USD/JPY price analysis indicates growing concerns about the state of Japan’s economy. Trump sent letters to some countries, including Japan and South Korea, notifying them of higher tariffs. Some major partners, such as the European Union, may not face higher tariffs. The USD/JPY price analysis indicates growing concerns about the state of Japan’s economy……

GBP/USD outlook deteriorates, trading near 1.3350 after a four-week low on Thursday. UK inflation risks keep BoE hesitant on rapid easing. Strong US GDP and labor data bolster the dollar ahead of the PCE inflation report. The GBP/USD price is holding just above the 4-week lows marked on Thursday after stronger US data and mixed……