GBP – English
- Weak U.S. retail sales data (-0.6% in July) and softer producer-price inflation have reduced expectations for further Federal Reserve rate hikes, weakening the USD. This shift in sentiment has supported GBP/USD, which is trading above the key 1.3500 level.
- The pound is further bolstered by resilient UK growth and market expectations for another Bank of England rate hike this year. However, GBP/USD faces technical resistance at 1.3550–1.3600, limiting immediate upside potential.
- A sustained break above 1.3550 would signal bullish continuation, while failure to clear this zone could lead to consolidation or a pullback toward 1.3400–1.3480.
GBP – Urdu
- Weak U.S. retail sales data (-0.6% in July) aur producer-price inflation mein kami ki wajah se market ko lag raha hai ke Federal Reserve shayad rates ko mazeed na barhaye. Is se U.S. dollar kamzor hua hai.
- Dollar ki kamzori ki wajah se GBP/USD ko support mila hai aur yeh pair important 1.3500 level ke upar trade kar raha hai.
- British pound ko UK ki resilient growth aur is expectation se bhi support mil raha hai ke Bank of England is saal ek aur rate hike kar sakta hai.
Sentiment : Bullish
GBP/USD remains supported by softer U.S. data, reduced Fed-hike expectations, and relatively resilient UK fundamentals. Holding above 1.3500 keeps the near-term bias positive, with a decisive break above 1.3550 potentially opening the path toward 1.3600. Failure at resistance may trigger consolidation toward 1.3480–1.3400.
