Fundamental analysis of the market for 24.03.2025 GBPUSD
Event to pay attention to today:
20:00 EET. GBP - BOE Governor Andrew Bailey Speaks
GBPUSD:
Event to pay attention to today:
20:00 EET. GBP - BOE Governor Andrew Bailey Speaks
GBPUSD:

The GBP/USD pair continues to hold below the round 1.2900 mark and is attracting buyers in the Asian session on Monday.
The US Dollar (USD) started the new week on a weak note and halted its three-day recovery from multi-month lows, which in turn is seen as a key factor acting as a tailwind for the GBP/USD pair. Despite the Federal Reserve (Fed) raising its inflation forecast, investors seem convinced that a tariff-induced slowdown in the US economy could force the central bank to resume its rate-cutting cycle in the near future.
In fact, the UK central bank has cautioned against assumptions of rate cuts and has also raised its forecast for inflation to peak this year. This suggests that the Bank of England will reduce borrowing costs more slowly than other central banks, including the Fed, which lends further support to the GBP/USD pair.
Moving forward, traders are awaiting the release of flash PMI indices from the UK and the US for meaningful momentum. In addition, speeches from influential FOMC members will stimulate demand for the dollar, which, along with comments from Bank of England Governor Andrew Bailey, should create short-term trading opportunities for the GBP/USD pair.
Trading recommendation: BUY 1.2930, SL 1.2850, TP 1.3060
FreshForex offers a wonderful 300% bonus on every deposit of $100 or more, giving you the opportunity to increase your trading volumes!
You can find more analytical information on our website
You can find more analytical information on our website