• GBP/USD slipped lower on Thursday as geopolitical tensions, domestic weakness, and diverging monetary policy expectations pressured the pair.
• The UK's political, fiscal, and economic landscape characterised by inflationary pressures and sluggish growth continues to weigh on sterling.
• BoE is expected to deliver modest rate increases of around 50-basis points in 2026, recent communications from BoE officials signal a cautious, data-dependent approach, with policymakers awaiting clearer evidence on second-round inflation before accelerating tightening.
• Attention now turns to Friday’s UK April GDP data, which will be a key domestic catalyst for sterling direction.
• Immediate resistance is located at 1.3411(SMA 20)), any close above will push the pair towards 1.3437(50%fib)
• Strong support is seen at 1.3321(Lower BB) and break below could take the pair towards 1.3269(38.2%fib).
Recommendation: Good to sell around 1.3350, with stop loss of 1.3450 and target price of 1.3270


FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD softens as US intensifies attacks on Iran
Dollar Roars Back: USDCHF Buy-the-Dip Setup Eyes 0.8150 as Inflation Shock Kills Rate-Cut Bets
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
GBPJPY Pulls Back for Breath: Bulls See a Dip-Buying Opportunity Toward 217
FxWirePro: USD/JPY consolidates gains amid Middle East tensions and policy uncertainty
FxWirePro: GBP/AUD gaining momentum for a move towards 1.9150 level
FxWirePro: USD/CAD dips as Canadian dollar gains slightly after BoC rate decision
FxWirePro: EUR/ NZD sustains gains as uptrend remains strong
ECB Hikes, Euro Dives: EURUSD Bears Reload for a Run to 1.1400
FxWirePro: USD/ZAR bears maintain upper hand
Sterling Surge: GBPJPY Powers Above 214.50 as Triple Bullish EMA Stack Signals Push to 217
Gold Stalls Below $4150 as Hot CPI Fuels Dollar Strength and Safe-Haven Bid Fades 



