Will the pound maintain its strength? Keep a close eye on price movements during European trading hours.

Will the pound maintain its strength? Keep a close eye on price movements during European trading hours.

16.10.2025

In yesterday’s U.S. currency markets, the U.S. dollar fell against the euro. The EUR/USD pair rose from 1.1601 to 1.1647. The uptrend along the 20-period moving average (MA) on the hourly chart continued. On the 4-hour chart, the pair broke above the 75-period MA—which had previously acted as resistance—without hesitation, and on the daily chart, the candlesticks have returned from the -2σ line of the Bollinger Bands to the centerline.

Among European currencies, the pound rose against the U.S. dollar.GBP/USD rose from 1.3313 to 1.3405. It climbed along the hourly 20-MA to the 200-SMA line. On the 4-hour chart, it has broken through the upper resistance zone of the 75-MA, and on the daily chart, a retracement from the 200-EMA to the 20-MA is being observed. Furthermore, it has continued to rise during today’s Asian session and has already broken through the hourly 200-SMA line with a real body candle.

Today’s schedule includes: Japan’s machinery orders at 8:50, Australia’s employment statistics at 9:30, remarks by Bank of Japan Board Member Tamura at 10:30, Japan’s tertiary industry activity index at 13:30, the UK’s monthly GDP, industrial production, manufacturing output, and trade balance at 15:00, the Eurozone’s trade balance at 18:00,at 9:15 PM: Canadian housing starts; at 9:30 PM: U.S. Philadelphia Fed Business Outlook Index; at 10:00 PM: remarks by Fed Governor Barr; at 11:00 PM: U.S. NAHB Housing Market Index and remarks by Fed Vice Chair Bowman; and at 1:00 AM: U.S. weekly crude oil inventories and remarks by ECB President Lagarde.We will be closely monitoring price movements during European trading hours to see if the pound, now at its strongest, can maintain its momentum.

Past Market Reports

1. 17.04.2026New

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

2. 16.04.2026New

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

3. 15.04.2026New

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

4. 14.04.2026New

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

5. 13.04.2026New

   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

6. 10.04.2026

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

7. 09.04.2026

   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?

8. 08.04.2026

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

9. 07.04.2026

   Market participants may be wary of further downside potential for the U.S. dollar, which has weakened amid concerns over the situation in Iran

10. 06.04.2026

    Investors should be wary of sudden spikes in volatility while major markets are closed