Gbpusd news

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

Current Rate: 1.3845 (as of [current date])

Recent Movement: The GBP/USD pair has been trading in a narrow range over the past few days, with the pound struggling to break above the 1.3900 level. The pair has been influenced by a mix of factors, including Brexit uncertainty, global economic concerns, and central bank decisions.

News and Events:

  1. Brexit Update: The UK and EU have agreed on a revised Brexit deal, which includes a new protocol on Northern Ireland. The deal still needs to be ratified by the UK Parliament, which is expected to happen in the coming days.
  2. US-China Trade Talks: The US and China have resumed trade talks, with both sides expressing optimism about reaching a deal. A successful agreement could boost global economic growth and support the pound.
  3. UK Inflation: The UK's Consumer Price Index (CPI) is expected to rise to 2.5% in January, according to a survey by economists. This could put pressure on the Bank of England to raise interest rates.
  4. US Jobs Report: The US Labor Department is set to release its January jobs report, which is expected to show a gain of around 150,000 jobs. A strong report could boost the US dollar and put pressure on the pound.

Technical Analysis:

  1. Resistance: 1.3900, 1.4000
  2. Support: 1.3800, 1.3700

Forecasts:

  1. Short-term: The GBP/USD pair is expected to trade within a narrow range, with a potential break above 1.3900 leading to further gains.
  2. Medium-term: The pound is likely to be influenced by Brexit developments and global economic trends, with a potential move towards 1.4000 if the UK and EU reach a successful agreement.

Market Sentiment:

  1. Risk Appetite: The market is currently risk-averse, with investors seeking safe-haven assets such as the US dollar.
  2. Brexit Uncertainty: The ongoing Brexit uncertainty is weighing on the pound, with investors hesitant to take on significant risk.

Economic Indicators:

  1. UK GDP: 0.1% (Q4 2022)
  2. US GDP: 2.1% (Q4 2022)
  3. UK Inflation: 2.5% (January 2023)
  4. US Inflation: 2.3% (January 2023)

Please note that the information provided is for general purposes only and should not be considered as investment advice. It's always recommended to consult with a financial advisor or conduct your own research before making any investment decisions.