GBP/USD Weekly Forecast: Looming Fed Cut Bets to Boost Pound

my GBP/USD forecast

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 post GBP/USD Weekly Forecast: Looming Fed Cut Bets to Boost Pound appeared first on Forex Crunch.

Similar Posts

gold-forecast:-surge-above-$4,050-geopolitics-and-global-economic-uncertainty

Gold Forecast: Surge Above $4,050 Geopolitics and Global Economic Uncertainty

China trade tensions, the Middle East, and US fiscal uncertainty have pushed gold towards $4,050. The Federal Reserve’s two more rate cuts and limited US economic releases further enhanced the safe-haven demand.  The markets will likely be low-volume today, but traders will closely monitor FOMC Paulson’s speech for further direction. The gold forecast remains bullish,……

gold-forecast:-weakening-bulls-keep-bullion-below-$4,100-ahead-of-nfp

Gold Forecast: Weakening Bulls Keep Bullion Below $4,100 Ahead of NFP

The gold forecast reveals a neutral to bearish bias, as the dollar holds firm following the release of the FOMC minutes. A modest increase in risk appetite caps the market.  Market participants await the long-overdue US NP data as a key signal to the Fed.   Gold forecast remains subdued in Thursday’s European session after failing……

usd/jpy-weekly-forecast:-labor-market-data-bolsters-dovish-fed

USD/JPY Weekly Forecast: Labor Market Data Bolsters Dovish Fed

The USD/JPY weekly forecast indicates further weakness in the US labor market. The US economy added only 22,000 jobs in August. Next week, the US will release its consumer and wholesale inflation reports. The USD/JPY weekly forecast indicates further weakness in the US labor market, which supports a more dovish Fed. Ups and downs of……

aud/usd-forecast:-aussie-soars-amid-risk-on-rally

AUD/USD Forecast: Aussie Soars Amid Risk-on Rally

The AUD/USD forecast indicates a stronger Australian dollar as risk appetite improves. Trump announced a trade deal with Japan. Economies like the EU, Canada, Mexico, South Korea, and Brazil are still facing the risk of higher tariffs. The AUD/USD forecast indicates a stronger Australian dollar as risk appetite improves following the US-Japan trade deal. Market……

gbp/usd-price-analysis:-pound-holds-ground-after-pullback

GBP/USD Price Analysis: Pound Holds Ground After Pullback

The GBP/USD price analysis shows the pound steady after a recent collapse. The US has promised to guarantee Ukraine’s safety in case of a peace deal. Traders are pricing in over an 80% chance of a Fed rate cut in September. The GBP/USD price analysis shows the pound steady after a recent collapse due to……

eur/usd-outlook:-soaring-to-1.16-after-ceasefire,-eyes-on-powell

EUR/USD Outlook: Soaring to 1.16 After Ceasefire, Eyes on Powell

The EUR/USD outlook turns bullish as the sentiment shifts after ceasefire. Falling crude oil prices may provide more support to the EU economy. Markets now await Fed Chair’s testimony before Congress for further policy clues. The EUR/USD pair staged an impressive comeback, gaining 1.3% from Monday lows to trade near 1.1600 level on Tuesday. The……