GBPUSD: BUY 1.2635, SL 1.2585, TP 1.2725 | 26 February 2025
26 February 2025, GBP/USD
Event to pay attention to today:
17:00 EET. USD - CB Consumer Confidence
GBPUSD:
GBP/USD is strengthening after losses in the previous two sessions, trading near 1.2630 during the Asian session on Tuesday.
GBP/USD is recovering from losses, but global uncertainty may limit its gains. Investors' focus is on the upcoming UK inflation (CPI) data. If the figures remain high, it will reinforce expectations of a tight Bank of England (BoE) policy and support the Pound. However, the prospect of the BoE cutting rates in 2025 remains questionable, especially against the backdrop of a slowing economy.
The US Dollar is showing mixed dynamics: weakening due to lower bond yields, but maintaining support amid global economic risks. US President Donald Trump confirmed plans to impose high tariffs on imports, which increases recession fears and could strengthen the dollar.
Additional focus will be on German inflation (CPI) and retail sales data, but UK inflation and the US PCE index will remain the key driver. If US inflation comes in above expectations, this could strengthen the USD, limiting further GBP/USD gains.
Trading recommendation: BUY 1.2635, SL 1.2585, TP 1.2725
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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.
