Gbp usd news today

Here are the latest news and updates on the GBP/USD currency pair:

Current Rate: 1.3845 (as of 10:00 AM GMT)

News and Updates:

  1. UK GDP Growth Slows Down: The UK's gross domestic product (GDP) grew by 0.1% in the three months to October, slower than the 0.3% growth in the previous quarter. This could weigh on the pound's value.
  2. BoE Inflation Report: The Bank of England (BoE) is set to release its inflation report today, which could provide insights into the central bank's inflation outlook and potential interest rate decisions.
  3. US-China Trade Talks: The US and China are set to resume trade talks today, with the US seeking to address issues related to intellectual property and technology transfers. A positive outcome could boost the dollar.
  4. UK-EU Brexit Talks: The UK and EU are set to hold talks today to discuss the terms of their post-Brexit relationship. A breakthrough in the talks could boost the pound.
  5. US Economic Data: The US is set to release its durable goods orders data today, which could provide insights into the country's manufacturing sector.

Market Analysis:

The GBP/USD pair has been trading in a narrow range recently, with the pound struggling to gain traction against the dollar. The pair is currently trading near its 50-day moving average, which could provide support.

Technical Analysis:

The GBP/USD pair is trading in a range between 1.3700 and 1.4000. A break above the upper end of the range could target 1.4200, while a break below the lower end could target 1.3500.

Forecasts:

Analysts at Barclays expect the GBP/USD pair to trade in a range between 1.3700 and 1.4000 in the coming days, with a bias towards the upper end of the range.

Analysts at Citi expect the GBP/USD pair to trade at 1.3900 by the end of the year, citing a potential rebound in the pound.

Please note that these are just some of the latest news and updates on the GBP/USD currency pair, and that the market is constantly evolving. It's always a good idea to stay up-to-date with the latest news and analysis before making any trading decisions.