With the pound now at its strongest, will it continue to climb? All eyes are on price movements during European trading hours.

With the pound now at its strongest, will it continue to climb? All eyes are on price movements during European trading hours.

04.12.2025

In the previous day’s U.S. currency trading, the U.S. dollar hit its lowest point from late Asian trading hours through U.S. trading hours. The AUD/USD pair rose from 0.6552 to 0.6602. The uptrend along the 10-period moving average on the hourly chart continued. On the 4-hour chart, the price continued to move along the +2σ line of the Bollinger Bands, and on the daily chart, it reached a new high for the month. The price has recovered to levels last seen at the end of October this year.

Among European currencies, the pound was the strongest during U.S. trading hours. The GBP/USD pair rose from 1.3198 to 1.3351. A band walk was observed along the +2σ line of the hourly Bollinger Bands. On the 4-hour chart, the 200-period SMA is acting as a support level, driving the RSI up from 44 to 75. On the daily chart, the price has broken above the 200-period SMA resistance line with a real body candle.

Today’s economic indicators include Japan’s foreign and domestic securities investment at 8:50, Australia’s trade balance at 9:30, Switzerland’s unemployment rate at 17:00, Switzerland’s manufacturing PMI at 17:30, the UK’s construction PMI at 18:30, and the EU’s retail sales at 19:00,21:30 US Challenger Layoffs, 21:45 UK MPC Member Remarks, 22:30 US Initial Jobless Claims, 24:00 Canada Ivey PMI, 24:30 US Weekly Natural Gas Inventories, and 26:30 US Fed Vice Chair Bowman Remarks.With the pound at its strongest, we will be watching price movements during European trading hours to see if it continues to climb higher.

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