The Relative Strength Index (RSI) indicator on the 4-hour chart rises toward 80, reflecting overbought conditions for GBP/USD. On the upside, 1.3350 (upper limit of the ascending regression channel) aligns as next resistance before 1.3400 (psychological level, static level).

The GBP/USD exchange rate is bracing for volatility as the UK releases the August inflation report ahead of the Federal Reserve and Bank of England (BoE) interest rate decisions. It was trading at 1.3165 on Wednesday,

GBP/USDstrengthened on Thursday after the Bank of England kept rates on hold as widely expected and extended its bond reduction plan for another year. The Bank of England kept rates steady at 5%, as anticipated.

Recent trades have seen the British Pound rise to near $1.33, its strongest level since February 2022, benefiting from the general weakn

Fed’s 50bps rate cut weakens USD. Key support levels in GBP/USD and EUR/USD offer potential for bullish momentum. Read the full forecast.

GBP/USD climbed on Wednesday after the Fed cut rates by 50 basis points, citing greater confidence that inflation will continue to trend toward its 2% annual target. Half a percentage point rate cut decision

The GBP/USD forecast points to bullish optimism after UK services inflation data came in higher than expected.

GBP/USD has a fresh 30-month high in the bag after Fed rate cut. BoE rate call is in the barrel for Thursday, but no moves are expected. UK Retail Sales set to wrap up the week on Friday. GBP/USD hit a fresh 30-month high on Wednesday,