Gbpusd news now

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

Current Rate: 1.3845 (as of 14:30 GMT)

News and Analysis:

  1. UK Inflation Rate Rises to 2.5%: The UK's Consumer Price Index (CPI) rose to 2.5% in January, exceeding expectations and sparking concerns about the Bank of England's (BoE) ability to meet its inflation target. This could lead to a stronger pound and potentially weigh on the GBP/USD pair.
  2. US-China Trade Talks Resume: The US and China have resumed trade talks in Beijing, with both sides seeking to reach a deal to end the trade war. A positive outcome could boost global markets and support the USD, potentially putting downward pressure on the GBP/USD pair.
  3. UK-EU Brexit Talks Intensify: The UK and EU have intensified their Brexit talks, with both sides seeking to reach a deal by the end of the month. A no-deal Brexit could lead to a weaker pound and potentially boost the GBP/USD pair.
  4. US Economic Data: The US will release its latest GDP growth figures on Thursday, which could impact market sentiment and the USD. Strong growth could support the USD, while weak growth could lead to a weaker dollar and potentially boost the GBP/USD pair.

Technical Analysis:

The GBP/USD pair has been trading within a narrow range over the past few days, with the 1.3800 level serving as support. A break above the 1.3900 level could lead to further gains, while a break below 1.3800 could trigger a decline to 1.3700.

Forecasts:

Please note that these forecasts and analysis are subject to change and should not be taken as investment advice. It's always important to do your own research and consider your own risk tolerance before making any investment decisions.