Created
: 2025.04.21
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
GBP a mid-performer as markets await BoE Government speech - Scotiabank
World FX news
Breaking news
GBP a mid-performer as markets await BoE Government speech - Scotiabank
New
2025.04.21 22:10
2025.04.21 22:10
2025.04.21 22:10
Pound Sterling (GBP) is up 0.8% against the US Dollar (USD) and relative underperformer against its European currency peers CHF, EUR and SEK. GBP's gains are threatening the September 2024 highs, and a break would see it trading at levels last seen in early 2022, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Next meaningful resistance level is expected to be around 1.35
"This week's data highlight will be the release of preliminary PMIs on Wednesday, and retail sales on Friday. BoE Gov. Bailey will also speak on Wednesday, providing an opportunity to manage expectations ahead of the next policy decision on May 8. Markets are currently pricing 21 bps of easing for the meeting and a cumulative 50bpts of easing by early August."
"GBP/USD's sharp gains have pushed it to fresh local highs nearing 1.34 and within close reach of the September 2024 high in the mid/low-1.34s. Momentum is bullish, and the RSI is just above the overbought threshold at 70. The next meaningful resistance level is expected to be around 1.35. Near-term support is expected in the mid-1.32s."
Last updated
: 2025.04.21
Related articles
USD/CAD price analysis: Dollar dips as political pressure mounts on the Fed
2025.04.22 01:42EUR/USD Price Analysis: Euro climbs as bullish bias holds after European session gains
2025.04.22 01:01EUR/GBP Price Analysis: Euro holds firm near 0.86 with bullish support from moving averages
2025.04.22 00:30GBP/USD soars toward 1.34 as traders question Fed's independence
2025.04.21 23:48AUD/USD Price Forecast: Refreshes four-month high above 0.6400
2025.04.21 23:41US Pres. Trump: Preemptive cuts in interest rates are being called for by many
2025.04.21 22:53
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Gold price explores past $3,400 as Trump-Powell clash sparks Fed independence fears
Gold price begins the week on a higher note, gaining over 2.56% and refreshing a previous record high as the precious metal hits $3,430 on uncertainty about comments that threat to curtail the Federal Reserve's (Fed) independence.
New
2025.04.22 01:49USD/CAD price analysis: Dollar dips as political pressure mounts on the Fed
The USD/CAD pair continues to drift lower on Monday, trading near the 1.3800 level as the US Dollar remains on the defensive following a wave of political headlines.
New
2025.04.22 01:42EUR/USD Price Analysis: Euro climbs as bullish bias holds after European session gains
The EUR/USD pair is gaining traction on Monday's session, rising to the 1.1500 region and marking a 1% intraday increase. The pair sits mid-range between 1.1391 and 1.1572, with bullish sentiment supported by price action and technical indicators.
New
2025.04.22 01:01EUR/GBP Price Analysis: Euro holds firm near 0.86 with bullish support from moving averages
The EUR/GBP pair extended its positive momentum on Monday after the European session, holding near the 0.8600 area following a 0.31% daily gain. Price action hovered mid-range between 0.8577 and 0.8624, with bulls managing to sustain control without triggering a breakout.
New
2025.04.22 00:30GBP/USD soars toward 1.34 as traders question Fed's independence
The Pound Sterling rallies sharply by over 0.70% on Monday as investors grew distrustful of US policymakers after White House Economic Adviser Hassett stated that Trump is seeking ways to sack Fed Chair Jerome Powell.
New
2025.04.21 23:48AUD/USD Price Forecast: Refreshes four-month high above 0.6400
The AUD/USD pair posts a fresh four-month high above 0.6400 on Monday. The Aussie pair strengthens as the US Dollar (USD) continues to get battered by United States (US) President Donald Trump threatening the "autonomous" status of the Federal Reserve (Fed).
New
2025.04.21 23:41US Pres. Trump: Preemptive cuts in interest rates are being called for by many
In a post published on Truth Social on Monday, US President Donald Trump voiced his criticism over the Federal Reserve's (Fed) monetary policy and accused Fed Chairman Jerome Powell of lowering interest rates in late 2024 for political purposes.
New
2025.04.21 22:53USD/JPY plummets to near 140.50 as US Trump aims Fed Powell's removal
The USD/JPY pair falls sharply to near 140.50 during North American trading hours on Monday. The pair cracks after breaking below the previous week's low of 141.64 and aims to revisit the 21-month low of 139.60. The asset has shown significant weakness due to a sharp downside in the US Dollar (USD).
New
2025.04.21 22:42JPY up 1% with markets focused on trade talks April 24 - Scotiabank
Japanese Yen (JPY) is up an impressive 1.0% against the US Dollar (USD) but a mid-performer among the G10 currencies in an environment of material USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
2025.04.21 22:12GBP a mid-performer as markets await BoE Government speech - Scotiabank
Pound Sterling (GBP) is up 0.8% against the US Dollar (USD) and relative underperformer against its European currency peers CHF, EUR and SEK.
New
2025.04.21 22:09Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
