GBP/USD Forecast: Pound Struggles Near 1.31 Amid BoE’s Dovish Hold

The USD/CAD weekly forecast exhibits a bullish trend, with the U.S. dollar maintaining a slight advantage over the Canadian dollar. The price level is testing the resistance level at 1.3969. In the event of a breach, it could rise to 1.400. Higher U.S. Treasury yield, elevated inflation, and oil prices balance each other, keeping the……

The GBP/USD price analysis shows declining expectations for Bank of England rate cuts. Pay growth in the UK slowed in the three months to May. US retail sales increased by 0.6% in June. The GBP/USD price analysis shows declining expectations for Bank of England rate cuts. A hotter-than-expected inflation reading and better-than-expected employment figures have……

The GBP/USD outlook shows a steady pound as market participants watch developments on tariffs. Trump threatened to impose a 50% tariff on copper imports. Traders are waiting for the UK GDP report. The GBP/USD outlook shows a steady pound as market participants watch developments on tariffs. A BoE report revealed that risks to the financial……

The USD/CAD outlook shows the dollar rising amid optimism over an extension of the US-China trade truce. China and the US agreed to extend their trade truce by another 90 days. Forecasts show that the annual US CPI figure might increase by 2.8%.  The USD/CAD outlook shows the dollar rising amid optimism over an extension……

The EUR/USD price analysis shows a lower likelihood of a US-Eurozone trade deal. Trump said he would send a letter to the EU as soon as Friday. Tariffs will hurt demand for goods from the Eurozone. The EUR/USD price analysis shows a lower likelihood of a trade deal between the US and the Eurozone. Trump……

Gold price remains consolidating under $3,400 as markets await the FOMC meeting. The Fed’s economic projection and dot plot are key to watch. Geopolitical concerns and a stronger dollar may keep the momentum neutral. Gold price stays under pressure, trading at $3,383, at the time of writing, during the London session. Market participants are anxiously……