GBP/USD Forecast: Extends Winning Streak After UK Budget, Eying Central Bank Decisions

The GBP/USD weekly forecast remains mildly bullish as the US dollar weakens on a continued US government shutdown.  The central bank is likely to move towards further easing, while the Fed stays data-dependent.  Traders await GBP manufacturing and average earnings reports, along with the US consumer price index and retail sales the next week.  The……

The GBP/USD weekly forecast suggests further upside for the pound. The US CPI report revealed that inflation accelerated from 0.3% to 0.4%. US unemployment claims were higher than expected, supporting Fed rate cut bets. The GBP/USD weekly forecast suggests further upside for the pound as traders gear up for a Fed rate cut on Wednesday…….

The USD/JPY forecast indicates brief relief for the yen after a steep decline. The yen has weakened significantly following Trump’s announcement of a 25% tariff on Japanese goods. Market participants are awaiting the release of the FOMC meeting minutes. The USD/JPY forecast indicates brief relief for the yen after a steep decline due to tariff……

The USD/CAD outlook shows robust strength in Canada’s labor market. Sentiment has remained poor since Trump announced a 35% tariff on Canada. Economists believe US inflation accelerated in June due to Trump’s tariffs. The USD/CAD outlook shows robust strength in Canada’s labor market, supporting the loonie as a result. However, a potential 35% tariff on……

The euro maintains a steady position as the greenback weighed down ahead of dovish Fed cut bets.  The softer-than-expected US inflation data reignites hopes for a Fed rate cut this week.  Markets face a delay in key economic releases amid the ongoing US government shutdown.  The EUR/USD outlook holds steady at around the 1.600 level,……

The USD/JPY forecast shows a resilient yen despite a shift in Japan’s political landscape. Japan’s ruling party lost the election on Sunday. If there is no trade deal by August 1, Japan might face a 25% tariff on its goods. The USD/JPY forecast shows a resilient yen despite a shift in Japan’s political landscape. The……