Forex news

EUR/GBP faces increased bearish pressure ahead of the UK CPI data and BoE meeting

GBP/USD continues to face downward pressure despite higher wages in April

Consumer inflation ticked up in May in the Eurozone but markets remain convinced a rate cut is coming on June 6th.

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.

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

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.