GBP/USD Forecast: Bulls Aiming for 1.40 Amid Policy Divergence

Gold forecast broke above $3,800 amid US shutdown risks and a weaker dollar. Fed rate cut bets remain firm, with markets pricing in easing in October and December. Haven demand, ETF inflows, and central bank buying maintain an upside bias. Gold prices marked fresh record highs above $3,800 at the start of the week, supported……

The GBP/USD outlook indicates a more dovish outlook for the Fed compared to that of the BoE. The US economy added only 22,000 new jobs in August. Market participants are expecting at least three Fed rate cuts before the year ends. The GBP/USD outlook indicates a bullish momentum as the Fed outlook is more dovish……

The GBP/USD outlook remains mildly subdued amid concerns over the UK’s fiscal situation, as it awaits the release of US data.  The pound sterling slipped lower as the UK government decided to drop the income tax rate hikes.  The Empire State Manufacturing Index and commentary from FOMC and MPC officials will reveal further policy cues. ……

The USD/JPY outlook remains modestly bullish, as poor risk sentiment benefits the dollar more than the yen. Japan’s PM could call for an early election, keeping the yen under pressure. Speculations about the Fed’s independence could limit the dollar’s rally in the short term. The USD/JPY pair trades near a one-year high as the Japanese……

The EUR/USD forecast is neutral as markets experience risk aversion. ECB-Fed divergence may continue to support the euro. The confluence zone at 1.1500 may help euro buyers stay bid. The EUR/USD forecast has turned neutral despite a broad upside trend, as Israel’s attack on Iran triggered a strong risk-aversion sentiment in the global financial markets…….

The AUD/USD outlook suggests a rebound in the dollar as market participants look past Fed rate cuts. Market participants were pricing a 92.1% chance of the Fed cutting rates in September. Lower borrowing costs will help revive the weak US economy. The AUD/USD outlook suggests a rebound in the dollar as market participants look past……