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GB
GBPUSD
British Pound / US Dollar
Forex Major Market Closed
1.33270
+0.02% Updated 4 hours ago
Live data may be delayed (last refreshed 251.88308421667 min ago).
AI ANALYST BRIEF
Bearish

Pound weakens as technicals deteriorate, dollar strength persists

Price has declined 0.62% in 24 hours, settling at 1.33191 and testing 1.62% below the 50-day moving average. RSI at 33.5 signals oversold conditions, while ATR of 0.0058 indicates volatility compression ahead of key data. Lower-high sequence and range-breakout-down patterns (both 70% confidence) reinforce directional weakness.

Sentiment has turned bearish with a 48-hour average of -0.1523. The pound remains highly correlated with euro (0.9111), Aussie (0.8497), and Kiwi (0.8552), suggesting broad dollar strength is driving the decline. Inverse correlation with USDCHF (-0.8408) confirms the dollar's safe-haven bid.

Watch 1.3280 as immediate resistance and 1.3260 as a key support level. US PPI data is imminent and carries high impact; inflation surprises could accelerate dollar gains and push the pair lower. Weekly decline of 0.58% suggests momentum may carry through until the catalyst clears.

Price · Candlestick

Key Levels

Resistance · current · support
1.3334 24h high 55%
1.3392 Fib 78.6% 50%
1.3417 Prev week high 70%
1.3446 Fib 61.8% 50%
1.3327 Current price ·
1.3316 Prev month low 85%
1.3138 52-week low 95%
1.3000 Round figure 40%

Pattern Read

Rule-based · last 60 sessions
Lower highs sequence 70% confidence
Three or more progressively lower highs over the last 20 sessions — sellers stepping in at lower levels.
20-day range breakdown 70% confidence
Price has broken below its prior 20-day low — momentum continuation to the downside.

Correlations Today

30-day window · top 5 by strength
EURUSD
+0.91
NZDUSD
+0.86
AUDUSD
+0.85
USDCHF
-0.84
AUDCAD
+0.74

Statistical Snapshot

RSI (14d)
21.20
Oversold territory
ATR (14d)
0.00
Average true range (14d)
Realized vol (20d)
5.66%
Below average
50-day MA dist
-1.51%
Trading below 50-day MA
Weekly change
-0.28%
Change over last 5 sessions
Monthly change
-1.55%
Change over last 20 sessions

Catalysts · Next 7 Days

High + medium impact events
HIGH Tue · 12:30 UTC (0h)
US PPI
Producer-level inflation data influences rate expectations; a hotter print would elevate pressure on the Fed and steepen the yield curve.
HIGH Wed · 06:00 UTC (0h)
UK CPI
Headline and core inflation readings inform BoE rate path; a surprise upside miss would strengthen GBP and bring forward rate-hike expectations.
HIGH Wed · 12:30 UTC (0h)
US PPI
Producer price inflation trends would inform expectations for downstream consumer price pressures and potential Fed policy adjustments.
MEDIUM Thu · 12:30 UTC (0h)
US Initial Jobless Claims
Weekly jobless claims offer near-real-time labor market pulse; elevated readings would add to recession anxiety amid already-tight financial conditions.

Smart Suggestions

From cross-asset correlations
EURUSD corr +0.91
Tracks GBPUSD closely (r=+0.91) — consider for parallel exposure when sizing the same thesis.
NZDUSD corr +0.86
Tracks GBPUSD closely (r=+0.86) — consider for parallel exposure when sizing the same thesis.
AUDUSD corr +0.85
Strong directional link with GBPUSD (r=+0.85) — confirms macro thesis across the pair.
24h High
1.33341
24h Low
1.33237
24h Change
+0.02%
24h Volume
Quote Details Last update: 2026-05-16T00:15:08+00:00
Bid
1.33263
Ask
1.33278
Spread
0.0001500
Trades 24h
24h Open
1.33243
Volume (base)
Mid
1.33270
Provider Symbol
GBP/USD
Spread shown is an indicative inter-bank reference — actual broker spreads vary by venue and account type.
Instrument Specs
SymbolGBPUSD
Base / QuoteGBP / USD
Contract Size100,000 GBP
Tick Size0.00001
Pip Value (USD)$10.0000
Trading Hours 23:01 – 22:59 UTC · Sun Mon Tue Wed Thu Fri
Sentiment · 24h via Fiper Terminal
GBPUSD -0.152 · 1 article
Sentiment derived from news articles over the last 24 hours.
News · GBPUSD 0 articles · last 7 days
No news coverage for GBP in the last 7 days.