GBPUSD has just staged a strong bounce off a key daily demand zone near 1.3200, and price structure is now showing a decisive bullish reversal. The pair has climbed back above 1.3550, forming higher highs and higher lows, reflecting renewed momentum. The technical rebound suggests continuation toward the 1.3650–1.3700 zone, particularly if price sustains above the current daily close.
On the fundamentals front, the pound is enjoying tailwinds from a dovish shift in global monetary dynamics. Markets are now pricing in a September Fed rate cut amid softer U.S. inflation prints and growing anticipation for easing in the latter half of the year
Reuters. While the Bank of England delivered a 25-basis-point cut to 4%, classing it as a “hawkish cut,” inflation remains sticky—running at 3.6% in June and expected to hold above target for months to come. This could mean the BoE may pause future cuts, keeping sterling relatively firm. At the same time, rising expectations that U.S. rate cuts won’t come until 2026 gives the pound a near-term advantage.
Technically, the bounce is supported by clean structure and bullish momentum. A daily close above 1.3550 opens the door to test the 1.3650–1.3700 resistance area. Maintaining above 1.3450 would reinforce bullish positioning. With clear support structure below and growing macro alignment, the trade presents a favorable risk-to-reward scenario.
On the fundamentals front, the pound is enjoying tailwinds from a dovish shift in global monetary dynamics. Markets are now pricing in a September Fed rate cut amid softer U.S. inflation prints and growing anticipation for easing in the latter half of the year
Reuters. While the Bank of England delivered a 25-basis-point cut to 4%, classing it as a “hawkish cut,” inflation remains sticky—running at 3.6% in June and expected to hold above target for months to come. This could mean the BoE may pause future cuts, keeping sterling relatively firm. At the same time, rising expectations that U.S. rate cuts won’t come until 2026 gives the pound a near-term advantage.
Technically, the bounce is supported by clean structure and bullish momentum. A daily close above 1.3550 opens the door to test the 1.3650–1.3700 resistance area. Maintaining above 1.3450 would reinforce bullish positioning. With clear support structure below and growing macro alignment, the trade presents a favorable risk-to-reward scenario.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.