USDJPY
EURUSD
GBPUSD
GBPUSD trades near the 2025 highs as the focus turns to the US data and the BoE decision
Key Takeaways (30s Read)
GBPUSD trades near 2025 highs amid focus on US data and BoE decision, with bullish sentiment.
GBPUSD is trading near recent highs, retreating from 1.3790, indicating seller interest targeting the trendline support around 1.3500. Focus is on upcoming US data and the BoE rate decision. If prices touch the trendline, buyers may enter for a rally back to highs, while a break lower could intensify bearish sentiment. The BoE is likely to keep rates steady, but dovish signals could impact GBP. Overall, anticipation for economic data may increase volatility in GBPUSD.
AI Analyst
AI Opinion
"The GBPUSD's trajectory is heavily influenced by upcoming US economic data and the Bank of England's interest rate decision. Recent improvements in US data elevate trader expectations for rate hikes, while the GBP has seen some gains due to the expectation of a steady BoE rate. However, the potential for shifts in sentiment based on forthcoming data remains significant, necessitating careful revisions of position strategies as market conditions evolve."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.