App herunterladen
-
- Handelsplattformen
- PU Prime App
- MetaTrader 5
- MetaTrader 4
- PU Copy Trading
- Web Trader
- PU Social
DE
App herunterladen
19 August 2025,05:54
Daily Market Analysis
19 August 2025, 05:54
Key Takeaways:
*Sterling supported by stronger Q2 GDP and BoE’s cautious stance.
*Policy divergence with the Fed keeps GBP/USD relatively firm.
*UK trade deficit and autumn budget risks may cap upside.
The British Pound held firm near recent highs as a combination of solid domestic growth data, a cautious-yet-hawkish Bank of England (BoE), and improved global risk sentiment provided support. UK Q2 GDP expanded 0.3% QoQ, outperforming forecasts and driven by robust services and construction output, while June monthly GDP rose 0.4%. The data reinforced market expectations that the BoE will move more gradually on rate cuts compared to the Federal Reserve, with just 15 bps of easing priced in for the remainder of 2025 versus over 60 bps for the Fed.
Sterling also benefited from broader dollar softness following recent U.S. CPI and jobs data misses, though last week’s hotter-than-expected U.S. PPI (+0.9% MoM) briefly capped gains by reviving inflation concerns and tempering bets on a 50 bps September cut. The U.S. Dollar Index has since stabilized, with upcoming retail sales and Chair Powell’s Jackson Hole speech likely to be decisive for the next leg in GBP/USD.
On the geopolitical front, tentative easing in global trade tensions and a thaw in certain U.S.–Russia discussions have improved investor risk appetite, further supporting the pound. Still, structural risks remain—from the UK’s widening trade deficit (£9.2B in Q2) to potential fiscal tightening in the autumn budget—which may limit sustained upside. For now, the policy divergence narrative keeps Sterling better positioned than the euro, especially if upcoming UK inflation data surprises to the upside.
Technical Analysis
GBP/USD, H4:
GBP/USD is currently trading around 1.3539, pulling back slightly after testing resistance near 1.3580. This level aligns with previous consolidation zones, making it an important barrier for further upside. If buyers can break and sustain above 1.3580, the next resistance levels sit at 1.3680 and 1.3770. On the downside, immediate support lies at 1.3470.
The RSI at 60 has eased from near-overbought territory at 69, showing cooling bullish momentum but still holding above the neutral 50 level. This suggests there’s still some upside bias, but with reduced buying pressure.
The MACD is in positive territory but showing signs of convergence in which the histogram is shrinking, and the signal and MACD lines are getting closer. This hints at a possible short-term consolidation or mild pullback before the next move.
Resistance level: 1.3580, 1.3680
Support level: 1.3470, 1.3370
Traden Sie Forex, Indizes, Metalle und mehr zu branchenweit niedrigen Spreads und mit blitzschneller Ausführung.
Registrieren Sie sich für ein PU Prime Live-Konto mit unserem unkomplizierten Verfahren
Zahlen Sie bequem über verschiedene Kanäle und in verschiedenen Währungen auf Ihr Konto ein
Erhalten Sie Zugang zu Hunderten von Instrumenten zu marktführenden Tradingbedingungen
Handelsplattformen
Lernen
Über PU Prime
Unternehmens
Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.
Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.
By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.
Thank You for Your Acknowledgement!
Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.
Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.
Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.
Thank You for Your Acknowledgement!