GBPUSD: SELL 1.3415, SL 1.3450, TP 1.3350 | 22 July 2025
22 July 2025, GBP/USD
An event to watch out for today:
21.07 17:00 EET. USD - Leading Indicators Index
GBPUSD:
Sterling drifts toward 1.3410 as the market almost fully prices a Bank of England rate cut on 7 August. Odds of easier policy rose after unemployment climbed to 4.7 % and wage growth slowed to 5.0 %, pointing to a cooling labour market and heightening fears of a hard landing for the UK economy.
Exclusive for our readers – a 202% bonus on deposits of $202 or more! Give the promo code BTC202 to customer support and start trading with TRIPLED capital. Full promo details are available via the link.
Soft domestic data compound the pressure: GDP has contracted for two consecutive months, and industrial output is struggling with supply‑chain friction as tariff disputes ripple through global trade. With gilts offering lower yields relative to US Treasuries, international investors have little incentive to hold the pound, turning any uptick in GBPUSD into a selling window for bears.
The dollar, meanwhile, enjoys steady haven demand amid escalating trade tensions and a Federal Reserve that remains cautious but not yet dovish. Unless incoming US data radically soften, the pair is likely to probe the 1.3350 support area in the days ahead, with rebounds toward 1.3450 viewed as corrective.
Trading recommendation: SELL 1.3415, SL 1.3450, TP 1.3350
Deposit funds into your account and receive up to 15% in your balance on your first deposit. The additional funds will be used for trading, increasing trading volumes and helping to withstand drawdowns.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
