UK GDP

The US dollar remains under pressure as softer CPI and PPI readings strengthen expectations for a less restrictive Federal Reserve path. EUR/USD is testing trendline resistance near 1.1569, while GBP/USD needs a break above 1.3515 to confirm fresh bullish momentum.

Softer U.S. CPI and PPI readings have reinforced expectations for a less restrictive Federal Reserve path, keeping pressure on the dollar. EUR/USD and GBP/USD are approaching key resistance levels while the Dollar Index attempts to hold a critical trendline support zone.

The US dollar is trying to stabilize after softer consumer inflation reduced pressure for another Federal Reserve rate hike. Traders are now watching producer inflation, while EUR/USD and GBP/USD test important support and resistance zones.

GBP/USD has retreated from the 1.3550 region after buyers again failed to extend gains near the top of the range. The bearish case remains unconfirmed while 1.3480 holds, leaving traders focused on UK GDP and US PPI for the next catalyst.

The U.S. dollar opens the week with traders focused on July CPI and whether the inflation print can reshape expectations for the Federal Reserve’s September decision. EUR/USD and GBP/USD remain near important resistance zones, while DXY is trying to defend rising trendline support.

GBP/USD is trading near a crucial resistance area after weak US jobs figures pressured the dollar and lifted sterling momentum. Traders are watching US inflation and UK growth data for fresh clues on the Federal Reserve and Bank of England policy paths.

GBP/USD has climbed to 1.3535, its strongest level since May 12, as dollar weakness follows softer US inflation figures. Traders are watching UK political developments, mixed domestic data and upcoming US retail sales for the next directional signal.

GBP/USD climbed to 1.3535, its highest level since May 12, as softer US inflation data weighed on the dollar and supported sterling demand. Traders are watching UK political developments, mixed domestic growth figures and upcoming US retail sales and pending home sales data for the next directional cue.

GBP/USD retreated to around 1.3400 as traders assessed rising geopolitical risk, firmer energy prices, and a busy macro calendar. Technical traders are watching whether fading momentum opens the door to a move toward 1.3300 or whether buyers can reclaim 1.3500.