GBP/USD rises above 1.2900 as US yields decline, Q4 GDP Annualized report eyed

GBP/USD attempts another rebound, but technical ceiling remains

GBP/USD found the gas pedal on Thursday, rallying one-half of one percent and climbing back over 1.2900.

The three major references of the day are the meeting of Norges Bank, where no new developments are expected, and the US GDP of the fourth quarter in final data (2.3%), although we will also know the presales of February housing in the United States. Samy Chaar, chief economist and CIO Switzerland, and Filippo Pallotti, macroeconomic strategist of Banco Lombard Odier, talk about the US economy: “After two exceptional years, the growth of US GDP …

GBP/USD rises above 1.2900 as US yields decline, Q4 GDP Annualized report eyed

The post GBP/USD rises above 1.2900 as US yields decline, Q4 GDP Annualized report eyed appeared on BitcoinEthereumNews.com. GBP/USD appreciates as the US Dollar loses ground amid lower yields. Traders await weekly Initial Jobless Claims and Q4 Gross Domestic Product Annualized data from the US on Thursday. The weaker UK CPI data has strengthened expectations that the Bank of England may consider easing its monetary policy. GBP/USD recovers its …

GBP/USD Eases Gains—Can US GDP Data Fuel Fresh Volatility? - Action Forex

Key Highlights GBP/USD started a downside correction from the 1.3000 resistance zone. It traded below a connecting bullish trend line with support at 1.2960 on the 4-hour chart. EUR/USD dipped below the 1.0850 and 1.0800 support levels. The US GDP could grow 2.3% in Q4 2024. GBP/USD Technical Analysis The British Pound struggled to continue […] The post GBP/USD Eases Gains—Can US GDP Data Fuel Fresh Volatility? appeared first on Action Forex.

Pound to Dollar FX Outlook: GBP/USD Gains on Trump Tariff Uncertainty

March 26, 2025 – Written by Frank Davies STORY LINK Pound to Dollar FX Outlook: GBP/USD Gains on Trump Tariff Uncertainty The Pound-to-Dollar advanced on Tuesday following reports suggesting US President Donald Trump may take a more gradual approach to introducing new tariffs. At the time of writing, the Pound US Dollar exchange rate (GBP/USD) was trading at around $1.2948, up approximately 0.2% from Tuesday’s opening levels. The US Dollar (US…