No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, October 28, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Market Analysis

GBP/USD: Bulls Lose Momentum After UK GDP Contracts

by TheAdviserMagazine
5 months ago
in Market Analysis
Reading Time: 3 mins read
A A
GBP/USD: Bulls Lose Momentum After UK GDP Contracts
Share on FacebookShare on TwitterShare on LInkedIn


struggles at 1.36 after GDP contracts. eases after yesterday’s jump, geopolitical tensions & the US-China deal are in focus.

GBP/USD Struggles at 1.36 After GDP Contracts

GBP/USD is holding steady, giving up earlier gains after data showed that the UK economy shrank more than expected in April.

According to data from the Office for National Statistics, the contracted by 0.3% month on month in April, more than the 0.1% decline that was forecast. This marked the largest monthly slide in 18 months and sets the stage for a tepid second quarter. Diving deeper into the figures, the services sector contracted 0.4% whilst manufacturing experienced nought .9% drop in production.

The was stronger than expected as firms rushed to get ahead of tariffs.

However, with concerns over the outlook for the UK economy growing, Q2 growth is expected to be subdued. The UK economy is facing a challenging time as the labour market lost around 1/4 of a million jobs since Reeves ramped up payroll taxes and the minimum wage in her budget.

There was a payback effect from the temporary factors that boosted Q1, including threats of US tariffs forcing manufacturers to Russia exports. Good exports to the US fell by £2 billion in April, and consumers also pulled back after splashing out in the first quarter.

An Awful April also saw consumers hit by higher bills for energy and other utility services, while firms had the hit from payroll taxes.

Meanwhile, the is struggling around a seven-week low. While details surrounding the US-China trade deal are few and far between, worries over the upcoming deadline for reciprocal tariffs are also a concern.

While has yet to show any meaningful impact of trade tariffs on the economy, the jobs market is showing signs of a slowdown. US data is due later today and is expected to show that initial payrolls rose by 240k. Weak jobless claims could fuel further weakness in the USD.

GBP/USD Forecast – Technical Analysis

GBP/USD has struggled to push meaningfully above 1.36. While the longer-term trend is upwards, the bulls are showing signs of losing steam amid a bearish RSI divergence.

Support is seen at 1.3450 with a break below here creating a lower low.

Buyers will need to rise above 1.36 to break out of range and create a higher high towards 1.37 and 1.3750, a level last seen in 2022.

Oil Eases After Strong Gains, Geopolitical Tensions and the US-China Deal in Focus

After rising over 5% yesterday, oil prices are easing slightly today as traders continue monitoring tensions in the Middle East and the latest US trade policy developments.

Well surged yesterday after the US ordered nonessential staff out of parts of the at least owing to heightened security concerns. This move came ahead of the Iran nuclear talks, which are due to take place this weekend in Oman.

Meanwhile, traders are also monitoring U.S. trade developments after talks with China resulted in a trade deal agreed to yesterday. However, details are relatively scarce. The two sides agreed to return to the tariffs agreed in Geneva, with a total of 55% on Chinese imports to the US. This is 30% from this administration and 25% from the previous. US imports into China will be levied at 10%.

Trump has also said that he plans to send letters to trading partners in the next one or two weeks regarding unilateral tariff rates, creating a level of caution in the markets. High tariffs are expected to slow economic growth, which could hit the demand outlook.

Oil Forecast- Technical Analysis

Oil has extended its recovery from 55.30, breaking out above 65.00, and is attempting to rise above the 200 SMA. The RSI supports further upside while it remains out of overbought conditions.

A close above the 200 SMA could open the door to 70.00, the round number, and 72.00, the April high.

On the downside, support is at 65.00, the March and September low, and the falling trendline dating back to the start of the year. A break below here and 64.00 brings 60.00 into focus.Crude Oil-Daily Chart

Original Post



Source link

Tags: BullscontractsGBPUSDGDPlosemomentum
ShareTweetShare
Previous Post

Demand plunges for church-owned apartments in Jerusalem

Next Post

Oil tanker stocks on watch due to Mideast warnings, signs of potential attack on Iran (FRO:NYSE)

Related Posts

edit post
10 Large-Cap Stocks That Could Outperform in a Market Primed for a Tech Rally

10 Large-Cap Stocks That Could Outperform in a Market Primed for a Tech Rally

by TheAdviserMagazine
October 28, 2025
0

Technology stocks rose sharply on Monday, with the NASDAQ 1.86% to a new record high. The rally was led by...

edit post
Future Proof Your Choice Of Customer Service Solution

Future Proof Your Choice Of Customer Service Solution

by TheAdviserMagazine
October 27, 2025
0

Customer service applications are at a crossroads. Applications are mature – even over-engineered with feature bloat that users cannot or...

edit post
The Key to Channel Success

The Key to Channel Success

by TheAdviserMagazine
October 27, 2025
0

Computer Market Research (CMR): The Ultimate Channel Management Compendium PART 1 Table of Contents for Part 1 Introduction to Channel...

edit post
Powering the Future of Clean Energy

Powering the Future of Clean Energy

by TheAdviserMagazine
October 27, 2025
0

The Small Modular Reactor (SMR) Market is revolutionizing the global energy landscape with safe, efficient, and flexible nuclear power solutions....

edit post
Key Takeaways From Basware’s Austin VIP Customer Event

Key Takeaways From Basware’s Austin VIP Customer Event

by TheAdviserMagazine
October 26, 2025
0

Basware hosted its annual Customer VIP Event in Austin, Texas, from October 22 to 24, 2025, marking the company’s 40th...

edit post
1 Stock to Buy, 1 Stock to Sell This Week: Meta Platforms, Starbucks

1 Stock to Buy, 1 Stock to Sell This Week: Meta Platforms, Starbucks

by TheAdviserMagazine
October 26, 2025
0

Fed policy decision, ‘Mag 7’ earnings, and Trump-Xi meeting will be in focus this week. Meta is expected to report...

Next Post
edit post
Oil tanker stocks on watch due to Mideast warnings, signs of potential attack on Iran (FRO:NYSE)

Oil tanker stocks on watch due to Mideast warnings, signs of potential attack on Iran (FRO:NYSE)

edit post
Europe slips, AI surges: Key takeaways from the GSER 2025 report

Europe slips, AI surges: Key takeaways from the GSER 2025 report

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
CarTrade Tech Q2 profit more than doubles, stock surges 18% to all-time high

CarTrade Tech Q2 profit more than doubles, stock surges 18% to all-time high

0
edit post
10 Of The Right Retirement Stocks For Income Investors

10 Of The Right Retirement Stocks For Income Investors

0
edit post
Adam Smith Would Not Approve: The Evidence

Adam Smith Would Not Approve: The Evidence

0
edit post
F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork

F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork

0
edit post
10 Low-Cost Ways Boomers Can Boost Retirement Income Without New Skills

10 Low-Cost Ways Boomers Can Boost Retirement Income Without New Skills

0
edit post
Earnings Summary: A snapshot of Revvity’s (RVTY) Q3 2025 report

Earnings Summary: A snapshot of Revvity’s (RVTY) Q3 2025 report

0
edit post
F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork

F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork

October 28, 2025
edit post
Adam Smith Would Not Approve: The Evidence

Adam Smith Would Not Approve: The Evidence

October 28, 2025
edit post
Gen Zers are using AI to skip meetings, get promoted faster and win bigger salary hikes. But they don’t feel great about it

Gen Zers are using AI to skip meetings, get promoted faster and win bigger salary hikes. But they don’t feel great about it

October 28, 2025
edit post
Law firms call off mega merger

Law firms call off mega merger

October 28, 2025
edit post
Scott Galloway calls real estate ‘the most tax-advantaged’ investment you can make in the US

Scott Galloway calls real estate ‘the most tax-advantaged’ investment you can make in the US

October 28, 2025
edit post
10 Large-Cap Stocks That Could Outperform in a Market Primed for a Tech Rally

10 Large-Cap Stocks That Could Outperform in a Market Primed for a Tech Rally

October 28, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • F2Pool Co-Founder Refuses Bitcoin Anti-Spam Soft Fork
  • Adam Smith Would Not Approve: The Evidence
  • Gen Zers are using AI to skip meetings, get promoted faster and win bigger salary hikes. But they don’t feel great about it
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.