DE

App herunterladen

  • Market Insights  >  Daily Market Analysis

19 May 2025,05:48

Daily Market Analysis

Pound Struggles to Hold Ground as Weak Data and BoE Cut Weigh on Sentiment

19 May 2025, 05:48

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

Key Takeaways:

*Recent soft economic indicators coupled with the Boe rate cut dampen the Pound Sterling’s strength. 

*Eyes on today’s UK GDP reading. 

Market Summary:

The Pound Sterling remains at elevated levels but is showing signs of fatigue, pressured by a string of disappointing economic indicators. All major PMI readings for May fell below the 50 threshold, pointing to contraction in key sectors. Meanwhile, lackluster labor market data—marked by weak employment changes and a rise in unemployment—have failed to provide any meaningful support for the currency. The Bank of England’s recent 25-basis-point rate cut has further dampened sentiment, reinforcing a dovish monetary outlook.

Investors are now turning their focus to today’s UK GDP release, with expectations for a modest improvement. A stronger-than-expected reading could offer the Pound a short-term boost, while a miss would likely exacerbate the currency’s recent weakness.

Technical Analysis:

EURGBP, H4 

The EUR/GBP remains subdued near the 0.8430 level—its lowest point in recent months—but price action has turned sideways following a sustained downtrend, indicating that bearish momentum may be losing steam. The pair has also dipped into a previously unfilled fair value gap (FVG), increasing the likelihood of a technical rebound from current levels.

Momentum indicators are beginning to reflect a shift in sentiment. The RSI remains below the 50 mark but is showing early signs of recovery after approaching oversold territory. Meanwhile, the MACD has formed a bullish crossover near the bottom, suggesting a potential easing in downside pressure and a possible reversal in the near term.

Resistance Levels: 0.8460, 0.8522

Support Levels: 0.8375, 0.8315

Starten Sie mit einem Vorteil in das Trading

Traden Sie Forex, Indizes, Metalle und mehr zu branchenweit niedrigen Spreads und mit blitzschneller Ausführung.

  • Beginnen Sie mit Einzahlungen ab nur $ 50 auf unsere Standardkonten mit dem Trading.
  • Erhalten Sie Zugang zum 24/7-Support.
  • Sie haben Zugang zu Hunderten von Instrumenten, kostenlosen Schulungsmaterialien und einigen der besten Promotionen, die es gibt.
Jetzt registrieren

Latest Posts

Schnelle und einfache Kontoeröffnung

Live-Konto erstellen
  • 1

    Registrieren Sie sich

    Registrieren Sie sich für ein PU Prime Live-Konto mit unserem unkomplizierten Verfahren

  • 2

    Zahlen Sie Geld ein

    Zahlen Sie bequem über verschiedene Kanäle und in verschiedenen Währungen auf Ihr Konto ein

  • 3

    Beginnen Sie mit dem Trading

    Erhalten Sie Zugang zu Hunderten von Instrumenten zu marktführenden Tradingbedingungen

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!