Upbeat PMIs push GBPUSD back to the upper end of the range

Expert market comment from senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Upbeat PMIs push GBPUSD back to the upper end of the range
FxPro | 579 วันที่ผ่านมา

In contrast to mainland Europe, UK PMIs markedly exceeded expectations, noting an overall increase in business activity.

The manufacturing PMI rose to 47.3 in January from 46.2, noticeably above the expected 46.7. This is the highest reading of the index since April last year, although it has remained in contraction territory (below 50) for the past 18 months.

The services sector, which nosedived in August-October, is gaining momentum once again, with the corresponding index rising to 53.8, the highest since May 2023. Economists, on average, had forecast a rise to only 53.1.

The above-expected reading caused the pound to surge, taking GBPUSD to 1.2770, near the upper end of its trading range since mid-December.

The pound received support on touching the 50-day moving average a week earlier and new buying support on Tuesday on a fresh approach to that line. Bulls in the pound are showing strength, buoyed by rising risk appetite, with which the former has a strong positive correlation.

By the FxPro Analyst Team

read more
ATFX ​Market Outlook 26th August 2025

ATFX ​Market Outlook 26th August 2025

U.S. new home sales in July declined as persistently high mortgage rates continued to dampen housing demand. U.S. equities closed lower on Monday, with investors weighing the interest rate outlook while focusing on NVIDIA’s upcoming quarterly earnings, all while digesting last Friday’s strong rebound. The Dow Jones fell 0.77%, the S&P 500 lost 0.43%, and the Nasdaq slipped 0.2%.
ATFX | 4 ชม. 12 นาทีที่ผ่านมา
ATFX Market Outlook 25th  August 2025

ATFX Market Outlook 25th August 2025

Federal Reserve Chair Jerome Powell hinted that rate cuts may be needed but stressed caution, while unveiling a new policy framework with a flexible inflation target. U.S. equities closed higher on Friday, with the Dow Jones Industrial Average reaching a record closing high. Investors poured into risk assets, driving the Dow up 1.89%, the S&P 500 up 1.52%, and the Nasdaq Composite up 1.88%.
ATFX | 1 วันที่ผ่านมา
GBP/USD: Friday correction after surge

GBP/USD: Friday correction after surge

On Friday, the GBP/USD pair declined to 1.3401 after strong gains earlier in the week. The previous rally was triggered by July business activity data, which showed the best performance in a year, mainly supported by the services sector.
RoboForex | 4 วันที่ผ่านมา
ATFX ​Market Outlook 22nd August 2025

ATFX ​Market Outlook 22nd August 2025

Ahead of Fed Chair Jerome Powell’s speech tonight, three Fed officials poured cold water on expectations of a September rate cut. U.S. PMI data showed stronger business activity in August, but weekly jobless claims posted the most significant increase in nearly three months, highlighting continued labor market weakness.
ATFX | 4 วันที่ผ่านมา
Eurozone PMI in Focus as Dollar Holds Strong | 21st August 2025

Eurozone PMI in Focus as Dollar Holds Strong | 21st August 2025

FX markets tread cautiously ahead of Eurozone PMI and FOMC minutes. EUR/USD holds near 1.1650 under dollar pressure, while GBP/USD slips toward 1.3400 on sticky UK inflation. USD/JPY steadies in the mid-147s, EUR/JPY consolidates near 171.70, and USD/CAD hovers at 1.3880 with oil gains offering little relief. Traders eye PMI prints and Fed signals for direction.
Moneta Markets | 5 วันที่ผ่านมา
ATFX ​Market Outlook 21st August 2025

ATFX ​Market Outlook 21st August 2025

The FOMC minutes revealed that only two Fed policymakers supported a rate cut in September. U.S. equities fell on Wednesday, with the Nasdaq and S&P 500 pressured by a tech selloff as investors rotated into lower-valued sectors, while awaiting comments from Fed officials at the Jackson Hole symposium later this week. The Dow edged up 0.04%, the S&P 500 slipped 0.24%, and the Nasdaq lost 0.67%.
ATFX | 5 วันที่ผ่านมา
ATFX Market Outlook 20th August 2025

ATFX Market Outlook 20th August 2025

The U.S. increased tariffs on 407 products, with steel and aluminium duties reaching as high as 50%. U.S. equities declined on Tuesday, with the Nasdaq and S&P 500 pushed lower by technology shares, while investors looked ahead to Fed Chair Jerome Powell’s speech later this week at the central bank’s annual symposium. 
ATFX | 6 วันที่ผ่านมา
GBPUSD keeps August rally on pause

GBPUSD keeps August rally on pause

GBPUSD faces low volatility but holds above 50-day SMA. Bearish short-term structure intact; bullish bias could emerge above 1.3655.
XM Group | 7 วันที่ผ่านมา