GBPUSD: SELL 1.3380, SL 1.3400, TP 1.3300 | 17 July 2025

Event to Watch Today:

15:30 EET. USD – Producer Price Index

09:00 EET. GBP – Consumer Price Index

GBPUSD:

GBP/USD remains under pressure, trading around 1.3380. Fundamental factors continue to shape a bearish outlook:

Economic Risks: Recession threat in the UK and weak GDP growth (0.1% for Q2) heighten expectations of a Bank of England rate cut in August.

Trade Conflicts: The introduction of tariffs on EU and Mexican imports increases capital flows into the dollar.

Yields: The gap between US Treasury yields and UK government bond yields remains a key driver for the pair.

Key support level is 1.3350. A break below this mark will open the way toward 1.3200. A rise above 1.3420 would be a signal to cancel the bearish scenario.

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Trade Recommendation: SELL 1.3380, SL 1.3400, TP 1.3300

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