Sterling fell 0.24% to $1.3265 on Tuesday as the U.S. dollar firmed ahead of the Federal Reserve’s policy decision, with rates expected to remain unchanged. While the dollar recovered slightly, doubts over its safe-haven appeal and Trump’s tariff stance persist. Markets also await the Bank of England’s meeting, where a 25 bps rate cut is expected. Dovish signals or dollar softness may support GBP/USD.
If GBP/USD breaks above 1.3430, the next resistance levels are 1.3500 and 1.3550. Support levels are at 1.3200, followed by 1.3050 and 1.2960.
If GBP/USD breaks above 1.3430, the next resistance levels are 1.3500 and 1.3550. Support levels are at 1.3200, followed by 1.3050 and 1.2960.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.