{"id":30857,"date":"2026-03-17T04:00:15","date_gmt":"2026-03-17T04:00:15","guid":{"rendered":"https:\/\/www.vtmarketsglobal.com\/en\/uncategorized\/30857\/"},"modified":"2026-03-17T04:00:15","modified_gmt":"2026-03-17T04:00:15","slug":"as-the-us-dollar-weakened-gbp-usd-rebounded-roughly-0-75-rising-from-1-3220-to-above-1-3300","status":"publish","type":"post","link":"https:\/\/www.vtmarketsglobal.com\/en\/live-updates\/30857\/","title":{"rendered":"As the US Dollar weakened, GBP\/USD rebounded roughly 0.75%, rising from 1.3220 to above 1.3300"},"content":{"rendered":"Pound Sterling rose about 0.75% on Monday as the US Dollar weakened. GBP\/USD moved from near 1.3220 on Friday to above 1.3300.\n\nThe pair remains below recent peaks, with a downtrend from late January near 1.3870. It has also closed below key moving averages for several sessions, with resistance near the 200-day EMA.\n\nMarkets focus on three events over three days, starting with the US Federal Reserve decision on Wednesday. A hold at 3.75% is expected, with attention on the SEP and Chair Powell\u2019s press conference.\n\nOn Thursday, the Bank of England is expected to hold rates at 3.75%. Forecasts point to an MPC split of 2-0-7 (cut-hike-unchanged), compared with 4-0-5 in February.\n\nUK employment data is also due Thursday, with ILO unemployment forecast to stay at 5.2%. Earnings including bonuses are expected at 3.9% YoY, down from 4.2%.\n\nThe Pound Sterling is the UK currency and dates to 886 AD. It accounts for 12% of FX transactions, or about $630 billion a day (2022), with GBP\/USD at 11%, GBP\/JPY at 3%, and EUR\/GBP at 2%.\n\nBoE policy targets inflation around 2% using interest rates. Economic data and trade balances can affect Sterling\u2019s demand.\n\nWe&#8217;ve seen Pound Sterling gain a little ground against the Dollar, but this feels more like a temporary pause than a real change in direction. The pair is still clearly trending down from its highs back in January 2026, and any strength is likely to face resistance. For now, the pressure remains on the buyers to prove this bounce is sustainable.\n\nAll eyes will be on the Federal Reserve&#8217;s decision this week, where we expect them to hold rates steady at 5.50%. The real market-mover will be the tone of their statement and projections, especially after recent inflation data for February came in a bit hot at 3.1%. Any signal that they plan to keep rates high for longer will likely strengthen the Dollar and push GBP\/USD lower.\n\nThe Bank of England is also expected to keep its rate at 5.25%, but the situation here is different. Looking back at 2025, we saw the committee was very divided, and we&#8217;re watching the vote split closely for signs of a shift towards rate cuts. With the UK economy having contracted slightly at the end of last year and unemployment ticking up to 4.5%, the BoE is under more pressure to ease policy than the Fed.\n\nThis potential for a hawkish Fed and a more cautious Bank of England creates a clear policy divergence that typically favors a stronger Dollar. For derivative traders, this outlook suggests positioning for potential downside in GBP\/USD, as a firm stance from the US contrasted with UK economic concerns could renew the selling pressure. Options strategies that benefit from a drop in price or an increase in volatility could be worth considering around these key central bank announcements.\n<p>\r\n\r\n<p><strong>Start trading now &#8211; Click <a href=\"https:\/\/www.vtmarketsglobal.com\/en\/trade-now\/\">here<\/a> to create your real VT Markets account <\/strong> <\/p>\r\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>Sterling climbed 0.75% as dollar weakened; markets await Fed, BoE decisions and UK jobs data Thursday.<\/p>\n","protected":false},"author":38,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[46],"tags":[],"class_list":["post-30857","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"josephine","author_link":"https:\/\/www.vtmarketsglobal.com\/en\/author\/josephine\/"},"_links":{"self":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/30857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/comments?post=30857"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/posts\/30857\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/media?parent=30857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/categories?post=30857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsglobal.com\/en\/wp-json\/wp\/v2\/tags?post=30857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}