Exchange Rates & Currency Deals

GBP/USD sits near the top of a 3-month range with a bullish-to-range-bound bias. BoE remains cautious on rate cuts; the Fed is easing toward neutral, so a softer USD supports GBP. The pair may drift around current levels unless data surprises. Bias GBP/USD is above the 90-day average and sits in the upper half of the three-month range, giving a bullish-to-range-bound stance. Key drivers - Rate gap: BoE remains cautious with rate cuts later in the year, while the Fed is seen easing toward neutral; the modest gap helps the pound hold ground. - Risk appetite: Global risk mood and dollar moves can shift the pair; a firmer dollar tends to weigh on GBP, while a softer dollar supports it. - Macro: Upcoming US payrolls and unemployment data will shape Fed easing bets and the dollar’s direction. Range The pair has traded in a narrow band over the last three months and sits near the upper end, so it is likely to drift around current levels unless new data surprises. What could change it - Upside risk: stronger UK data or a more hawkish BoE stance could lift GBP. - Downside risk: firmer US data or a louder Fed tilt toward higher rates could lift the dollar and press GBP/USD lower