Market Analysis

GBP/USD Bulls Persist, EUR/GBP Upside Risks Rising

GBP / USD, EUR / GBP Price analysis and news

  • GBP/USD Outlook remains constructive
  • EU / UK real exchange rate signals are higher EUR/ GBP

GBP / USD: Despite better-than-expected data from the United Kingdom, GBP-related pricing was somewhat disappointing as the currency failed to peak at the beginning of the year. This means that the outlook remains positive for GBP / USD, which is still on an upward trend. If the news flow is relatively light, the GBP will focus on the Treasury Selection Committee, which is scheduled to feature BoE Bailey, Haldane, Saunders and Cunliffe (1530BST). On top is the resistance at 1.4200-10, with 1.4230-40 at the top, while the support is at 1.4100 and 1.4000.

GBP / USD chart: daily schedule

British Pound (GBP) Latest: GBP / USD bulls persist, EUR / GBP upside risks

Source: Refinitive

EUR / GBP:Pricing operations have been late in the end, falling within a well-defined trading area. This means that while the gap is unlikely to break in the short term, upside risks are rising as EU / UK 5-year real exchange rates become higher. However, prejudices would mean the disappearance of lower and higher ranges at present.

EUR / GBP vs EU / UK 5-year real prices

British Pound (GBP) Latest: GBP / USD bulls persist, EUR / GBP upside risks

Source: Refinitive

EUR / GBP chart: daily schedule

British Pound (GBP) Latest: GBP / USD bulls persist, EUR / GBP upside risks

Source: Refinitive

For more information on trading GBP / USD, see our comprehensive guide

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