Pound Sterling Weakens | GBP/USD Slides Ahead of Powell’s Speech

Описание: The Pound Sterling (GBP) continues to slide lower against the US Dollar (USD), with GBP/USD facing renewed pressure as traders position themselves ahead of Federal Reserve Chair Jerome Powell’s highly anticipated speech. The dollar has strengthened broadly, supported by firmer Treasury yields and expectations that Powell may reinforce the Fed’s cautious stance on inflation and interest rates.

Sterling’s weakness also reflects ongoing uncertainty in the UK economy. Sluggish growth prospects, mixed economic data, and concerns about the Bank of England’s monetary policy path have all weighed on the currency. While the BoE has been careful in signaling rate moves, the divergence with the Fed’s outlook has tilted the balance in favor of the USD.

In this video, we analyze GBP/USD’s latest movements, identifying critical support and resistance levels that traders should monitor. We also examine the broader macroeconomic and policy factors influencing the pair, including the impact of Powell’s remarks on global risk sentiment and potential volatility in the forex market.

Whether you are an intraday trader looking for short-term opportunities or a long-term investor tracking currency trends, this analysis provides valuable insights into the pound’s ongoing challenges and the dollar’s momentum. Stay tuned for expert commentary, detailed charts, and forward-looking scenarios. Don’t forget to like, share, and subscribe for regular forex market updates!