Economic news

GBP/USD turned bearish on Wednesday after being rejected at 1.28 the day prior. It’s not the first time the pair has been rejected at that level which suggests it has become somewhat of a psychological barrier, at which buyers need to show increased commitment to overcome.

EUR/GBP is retesting a long-term support zone which is relevant across multiple timeframes. Let’s explore the trading opportunities available on different timeframes.

The EURGBP is driven by the question: which cuts first, the ECB or the BOE? Currently, swaps markets (chart below) imply that it will be the ECB (blue line).

GBP/USD trades with caution ahead of the US and UK inflation reports

US GDP grew less than expected in Q1 but price pressures continue to rise

GBP/USD selloff intensifies after the BoE is seen to be more dovish

The Bank of England left rates unchanged in March but gave a dovish view in the statement and vote split

EUR/USD and GBP/USD traders struggle for direction ahead of the latest data releases

GBP/JPY’s recent price action has formed a bullish Break & Retest pattern – an underrated pattern which represents a structured way to navigate breakouts. Here’s the three key components of GBP/JPY’s Break & Retest pattern.