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GBPUSD - US Dollar Forecast: Fed Holds Rates Steady, Eyes on GDP Data – GBP/USD and EUR/USD Outlook

30-01-2025 01:14

The Fed held rates at 4.50%, keeping traders focused on GDP data. Will USD strength continue? Read the latest GBP/USD and EUR/USD outlook.

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Pound Sterling Price News and Forecast: GBP/USD posts modest gains near 1.2445

US fourth-quarter Gross Domestic Product (GDP) growth will be printing on Thursday. Median market forecasts are expecting a step down in annualized GDP growth, expecting a print of 2.6% versus the ...

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GBP/USD Price Forecast: Bearish outlook remains in play below 1.2450

The pair keeps the negative outlook below the 100-day EMA with the bearish RSI indicator. The first downside target emerges at the 1.2400-1.2390 region; the upside barrier is located at 1.2570.

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GBP/USD Signal Today 29/01: Weakens Ahead Of Fed (Chart)

Bearish view

  • Sell the GBP/USD pair and set a take-profit at 1.2310.
  • Add a stop-loss at 1.2525.
  • Timeline: 1-2 days. Be ...

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    US Dollar Price Forecast: Weakens After Durable Goods Miss – Bond Yield and GBP/USD Outlook

    The US Dollar weakens as Durable Goods Orders disappoint. Bond yields fall, impacting GBP/USD and EUR/USD. What’s next for forex markets?

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