Should we keep an eye on the upside potential of the rising pound?

Should we keep an eye on the upside potential of the rising pound?

27.05.2025

In yesterday’s U.S. trading session, the U.S. dollar weakened against the euro. The EUR/USD pair rose from 1.1360 to 1.1419. The rise followed the 20-period moving average (MA) on the hourly chart. On the 4-hour chart, the price rose to the +3σ level of the Bollinger Bands. On the daily chart, the price rise along the 20-period MA is evident. We will be watching to see if the U.S. dollar continues to weaken during today’s European trading session.

Among European currencies, the pound strengthened against the U.S. dollar. The GBP/USD pair rose from 1.3519 to 1.3593. The rise followed the 10-period moving average (MA) on the hourly chart. An uptrend along the 10-period MA was confirmed on the 4-hour chart, and the pair has extended its gains for six consecutive days on the daily chart. It has reached a new high for the month. We will be watching closely to see if the pound continues to hit new highs during U.S. trading hours.

Today’s economic indicators include the Japan Corporate Services Price Index at 8:50, the Germany GfK Consumer Confidence Index at 15:00, the Eurozone Consumer Confidence Index at 18:00, the EurozoneBusiness Climate Index, U.S. Durable Goods Orders at 9:30 PM, U.S. Housing Price Index and S&P/Case-Shiller Home Price Index at 10:00 PM, U.S. Conference Board Consumer Confidence Index at 11:00 PM, U.S. Dallas Fed Manufacturing Activity Index at 11:30 PM, and remarks by Swiss National Bank (SNB) Governor Schlegel at 1:20 AM.I want to carefully monitor the upside potential of the rising pound.

Past Market Reports

1. 22.04.2026New

   Will interest grow in the upside potential of the Swiss franc, which has risen against the yen?

2. 21.04.2026New

   With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall

3. 20.04.2026New

   Will the market wait and see how much further the U.S. dollar can rise against the yen?

4. 17.04.2026New

   Will the weakening Swiss franc recover? Attention is turning to price movements during European trading hours.

5. 16.04.2026New

   Market participants are likely keeping a close eye on the upside potential of the euro, which has risen against the U.S. dollar

6. 15.04.2026

   Should we keep an eye on remarks by key figures in the U.S. and try to gauge the direction of currency strength?

7. 14.04.2026

   Market participants are likely watching for signs of a rebound in the Canadian dollar, which fell against the U.S. dollar following the release of employment figures

8. 13.04.2026

   Will the weakening Swiss franc continue to strengthen against the yen, or should we wait and see?

9. 10.04.2026

   Will the U.S. dollar, which has fallen against the yen, continue its downward slide, or should we wait and see how the market moves?

10. 09.04.2026

    Should we keep an eye on the upside for European currencies that have risen against the U.S. dollar?