GBPUSD

The GBP/USD pair is moving based on expectations regarding global central banks' interest rate policies. The alignment of U.S. inflation data with expectations increased the likelihood of a rate cut by the Fed at the next meeting, putting pressure on the Dollar. Simultaneously, the European Central Bank's expectation of a rate cut is also affecting the Sterling. President Lagarde's statements, the economic outlook in the Eurozone, and trade tensions with the U.S. will also be decisive on the direction of the pair.

Technically, the GBP/USD pair is trading near the resistance level of 1.2810 on the daily chart. If this level is surpassed, the resistance zones at 1.286 and 1.29 could be monitored. On downward movements, the support levels of 1.2726, 1.266, and 1.261 should be watched. The RSI indicator is close to the 50 level and exhibits a neutral appearance. The pair showed a decrease of 0.11% compared to the previous day. A sustained move below the 1.2726 support could make the bearish trend more pronounced.