FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
FxWirePro: GBP/AUD edged higher, set to stay on back foot 
NZDJPY Technical Outlook: Selling the Rallies as Bearish Momentum Consolidates 
AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says 
FxWirePro: USD/CNY hovers near three-year low, scope for further downside 
FxWirePro= Major European Indices 
FxWirePro: GBP/USD eases slightly as investors focus on UK elections 
FxWirePro: GBP/AUD edged higher but bearish outlook remains 
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path 
Goldman Sachs Delays Fed Rate Cut Forecast to 2026 Amid Rising Inflation Concerns 
Pound faced severe backlash just a little more than week back, when Bank of England (BOE) pushed back inflation and rate hike expectations in its monetary policy statement, quarterly inflation bulletin and minutes, pushing pound down more than 350 points against Dollar.
However, Pound has since then pushed back against Dollar and other currencies. While expectation for rate hike got pushed back, it is nevertheless vital to recognize that Bank of England (BOE) is closest to FED in hawkish bias and there is serious possibility of a rate hike if inflation crawl back in UK economy.
Last week pound has been struggling to break 1.527 resistance area against Dollar and there are possibilities of a downfall if it fails to clear it. Even then the pair might move up against INR as we expect to be Rupee to much weaker in the event of a risk aversion and UK economy has more to gain from further easing from ECB than India or Rupee.
Short term upside looks attractive.
Trade idea
- Buy Pound at current rate (100.7) with stop loss around 100.2 and 99.8 targeting 102.5 area.
