Gbp/usd experiences slight rise amidst economic stability in the uk and upcoming key central bank speeches

GBPUSD Analysis

Performance after Monday
Period	Pct	Chg	Momentum
Monday	0.1%	13.2 Pips
Week to-date	0.13%	17.4 Pips
June	0.03%	4.2 Pips

Upcoming key events (London Time)

Tue 02:30 PM GBP Bank of England Governor Andrew Bailey speech
Tue 02:30 PM USD Federal Reserve Chair Jerome Powell speech

What happened lately

In the United Kingdom, the Gross Domestic Product (GDP) data remained constant in the first quarter of 2025, with the annual GDP registering at 1.3%, consistent with the previous quarter’s report. This indicates a period of stability in the U.K.’s economic growth rate as reported by the Office for National Statistics. Similarly, the GDP over the three-month period also remained unchanged at 0.7% compared to the previous quarter, suggesting a plateau in the short-term economic activity.

The GBP/USD currency pair experienced a slight increase on Monday, rising by 0.1% to reach 1.37268. Over the course of June, the pair edged up by 0.03%, demonstrating marginal upward pressure and entering a phase of consolidation. Such movements typically suggest a balancing of trader expectations and market conditions.

Looking ahead, the currency market anticipates significant events that could impact the GBP/USD exchange rate. Notably, the Bank of England’s Governor Andrew Bailey’s speech is scheduled, which is likely to provide insight into the central bank’s monetary policy outlook and economic assessment. Concurrently, the Federal Reserve Chair Jerome Powell’s address could offer indications regarding the U.S. monetary policy stance. Both events are crucial as they have the potential to influence investor sentiment and subsequently affect the GBP/USD dynamics. Depending on the hawkish or dovish tones of these speeches, the pair could experience volatility, potentially breaking from its consolidation if new economic policies or shifts in interest rate expectations are implied.

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What can we expect from GBPUSD today?

GBPUSD on Monday rose 0.1% to 1.37268. Price is above 9-Day EMA while Stochastic is falling in overbought zone.

Updated daily direction for GBPUSD looks mixed as the pair is likely to consolidate above 1.36869 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 1.37405 or trades above daily pivot 1.37137. Break above could target R1 at 1.37536. While to the downside, we are looking at 1.36869 (S1) and daily low of 1.36738 as support levels. GBPUSD need to break on either side to indicate a short-term bias. A break above 1.37405 may suggest continuation after recent positive movement.

For the week to-date, take note that GBPUSD is mixed as compared to the prior week.

GBPUSD ended month of June trading session up by 0.03% or 4.2 pips higher.

Key levels to watch out:

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