UK Inflation Cools Down Pound

Expert market comment made by Chief Market Analyst Alex Kuptsikevich of the FxPro Analyst Team: UK Inflation Cools Down Pound
FxPro | 150 ngày trước

UK Inflation Cools Down Pound

UK consumer inflation was weaker than expected. The annual rate of price increases slowed to 2.8% from 3.0%. It remains well above the local low of 1.7% recorded in September. The latest deceleration is still more of a hope than a signal that inflation is slowing, as the previous reading was the highest since March 2024.

However, the downside surprise may allow the Bank of England to return to cutting interest rates sooner and maintain the pace of quarterly cuts.

The GBPUSD reacted to the weaker-than-expected data by falling around 0.5% to 1.2885 before stabilising around 1.2900. Technically, the Pound is at risk of a correction (at least) after a 7.5% rally from the January lows. In the middle of last week, the GBPUSD stalled near 1.3000, clearly reluctant to cross the psychologically important line without fundamental support and amid accumulated local overheating.

Possible correction targets are 1.2800 and 1.2650. The 200-day moving average and 76.4% retracement level lie around the former. The 50-day average and 61.8% level cross the latter.

By the FxPro Analyst Team

Cơ quan quản lý: FCA (UK), SCB (The Bahamas)
read more
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 | 1 ngày trước
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 | 2 ngày trước
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 | 3 ngày trước
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 | 3 ngày trước
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 | 4 ngày trước
Pound Holds Ahead of Inflation Data | 19th August 2025

Pound Holds Ahead of Inflation Data | 19th August 2025

Gold holds near $3,338 as traders eye Powell’s Jackson Hole remarks, while silver struggles below $38.00 amid fading safe-haven demand. GBP/USD steadies around 1.3500 ahead of UK CPI, with stronger GDP offering support. NZD/USD firms near 0.5925 as markets await the RBNZ decision, while USD/CNY stays anchored after a slightly weaker PBoC fix. Key central bank signals remain in focus.
Moneta Markets | 4 ngày trước
ATFX ​Market Outlook 19th August 2025

ATFX ​Market Outlook 19th August 2025

U.S. equities ended Monday little changed as investors struggled for direction, awaiting earnings reports from major retailers for further clues on the economic outlook, while also focusing on the upcoming Federal Reserve symposium in Jackson Hole. The Dow Jones slipped 0.08%, the S&P 500 edged down 0.03%, and the Nasdaq inched up 0.01%.
ATFX | 5 ngày trước