GBPUSD

The GBPUSD pair is trading above the pivot level of 1.32940. While the BoE's tight monetary policy stance and strong growth data (%0.7 quarterly growth) support the pound, weakening inflation pressures in the U.S. and expectations of interest rate cuts by the Fed are putting pressure on the dollar. Technically, for upward movements, attention should be paid to resistance levels of 1.33389, 1.33643, and 1.33995. For downward movements, the critical support levels are 1.32685, 1.32236, and 1.31884. The inflation data to be announced in the upcoming period and the policy divergence between the Fed and BoE will be decisive for the pair's pricing.