FX Report: 24th - 27th March 2025
Buy Side Target
1.3210
Sell Side Target
1.2720
Current Price
1.2900
As discussed last week, price was likely to enter an indecisive phase. We see GBPUSD currently trading between 1.3000 and 1.2870, an approximate 130-150pip range. There have been multiple intraday opportunities, and as of current market context, capitalising on short-term movement would yield higher success than long term holds. Our long-term outlook still remains bullish until we see a clear failure to hold above the 1.2850 region.
Bank of England's Monetary Policy: The Bank ofEngland (BoE) maintained its interest rate at 4.5%, signalling a cautiousapproach to monetary policy amid global uncertainties and stable inflationexpectations. Governor Andrew Bailey emphasized that while rate cuts mighteventually occur, they would be evaluated closely at each meeting, dampeningexpectations of immediate easing.
U.S. Economic Data: U.S. economic indicators showedsigns of weakness, with preliminary March manufacturing PMI data indicating aslowdown in industrial growth. Additionally, the U.S. dollar faced pressure dueto concerns over economic slowdown linked to current trade policies.
Trade and Geopolitical Factors: Markets wereattentive to global trade tensions, particularly regarding U.S. trade policiesand their potential impact on economic activity. These concerns contributed toa cautious outlook for the U.S. dollar and supported the British pound.
Last FX Report: 17th - 20th March 2025
Buy Side Target
1.3200
Sell Side Target
1.2720
Current Price
1.2930
Market Outcome
Indecisive
As expected, the market failing to break above 1.3000 and below 1.2850 signalled an indecisive market for us trading GBPUSD. This directly reflects the outcome of Trump's tariff implications as well as expectation for future policy implementations.
Our traders utilised our proprietary tools and strategies to capitalise on any buying and selling opportunities the market presented.
*Contracts for difference (CFDs) are complicated financial contracts based on leverage, which can possibly result in huge fluctuations in profits or losses. Therefore, it is essential to study and understand CFDs thoroughly before embarking on investment. You should at the same time stay conscious and ready yourself for the potential risk of losing a part or your whole capital. This outlook is non-financial advice, you should consult with your personal financial advisor before making any investment decisions.
How we traded this outlook:
