View more search results

Zarejestruj się

Market Insights > Daily Market Analysis

19 May 2025,05:48

Daily Market Analysis

Pound Struggles to Hold Ground as Weak Data and BoE Cut Weigh on Sentiment

19 May 2025, 05:48

Share on:

Key Takeaways:

*Recent soft economic indicators coupled with the Boe rate cut dampen the Pound Sterling’s strength.

*Eyes on today’s UK GDP reading.

Market Summary:

The Pound Sterling remains at elevated levels but is showing signs of fatigue, pressured by a string of disappointing economic indicators. All major PMI readings for May fell below the 50 threshold, pointing to contraction in key sectors. Meanwhile, lackluster labor market data—marked by weak employment changes and a rise in unemployment—have failed to provide any meaningful support for the currency. The Bank of England’s recent 25-basis-point rate cut has further dampened sentiment, reinforcing a dovish monetary outlook.

Investors are now turning their focus to today’s UK GDP release, with expectations for a modest improvement. A stronger-than-expected reading could offer the Pound a short-term boost, while a miss would likely exacerbate the currency’s recent weakness.

Technical Analysis:

EURGBP, H4

The EUR/GBP remains subdued near the 0.8430 level—its lowest point in recent months—but price action has turned sideways following a sustained downtrend, indicating that bearish momentum may be losing steam. The pair has also dipped into a previously unfilled fair value gap (FVG), increasing the likelihood of a technical rebound from current levels.

Momentum indicators are beginning to reflect a shift in sentiment. The RSI remains below the 50 mark but is showing early signs of recovery after approaching oversold territory. Meanwhile, the MACD has formed a bullish crossover near the bottom, suggesting a potential easing in downside pressure and a possible reversal in the near term.

Resistance Levels: 0.8460, 0.8522

Support Levels: 0.8375, 0.8315

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

Start trading with deposits as low as $50 on our standard accounts.
Get access to 24/7 support.
Access hundreds of instruments, free educational tools, and some of the best promotions around.

Join Now

Latest Posts

S&P 500 Inches Toward 6,000 Milestone Amid Slowing Momentum

Dollar Stall as Markets Grapple with Mixed Signals

Szybkie i łatwe otwieranie konta

Utwórz Konto na Żywo

1

Zarejestruj się

Zarejestruj się na Live Account w PU Prime za pomocą naszego procesu bez żadnych kłopotów.
2

Fundusz

Bez wysiłku doładuj swoje konto za pomocą szerokiego zakresu kanałów i akceptowanych walut.
3

Rozpocznij Trading

Uzyskaj dostęp do setek instrumentów w ramach wiodących na rynku warunków handlu

Utwórz Konto na Żywo

Risk Warning: Trading Contracts for Difference (CFDs) involves a high level of risk and may not be suitable for all traders. The use of leverage magnifies both potential profits and losses, meaning you could incur losses greater than your initial deposit. It is important to understand the risks involved and assess whether you can afford to lose your invested capital. When trading CFDs, you do not own the underlying assets and have no rights to them. Past performance is not indicative of future results. The information provided on this website is for general informational purposes only and does not constitute investment advice, recommendation, or solicitation to engage in any investment activities. It does not take into account your personal financial circumstances, investment objectives, or risk tolerance. Any interaction with this website is an individual and voluntary action on the part of the user. The content on this website should not be construed as an invitation to enter into or acquire PU Prime’s financial services and products. Under no circumstances shall the Company be held liable for any loss or damage, in whole or in part, arising from, or in connection with, any CFD trading activities. Please review the legal documents available on our website to ensure that you fully understand the risks associated with CFD trading. If necessary, seek independent advice from qualified professionals.

Regional Restrictions: This information on this website is not intended for distribution to, or use by, any person or entity who is a citizen or resident of certain jurisdictions, including, but not limited to, Singapore, the United States, China, and jurisdictions listed on the FATF “blacklist”, and the major global sanctions lists. It is also not intended for distribution or use in any jurisdiction where such distribution or use would violate local laws or regulations.

PU Prime is a trading name for multiple licensed entities operating across different jurisdictions, each authorised to provide specific financial services in accordance with local regulations. Upon registration, you will be assigned to the entity that corresponds with your location and complies with the applicable regulatory requirements. The entity you are registered with will govern your trading activities, which will be subject to the oversight and regulations of its respective regulatory authority. While these authorities have granted a securities or investment dealer license to the respective entity, they do not endorse the products offered.

PU Prime Limited is securities dealer authorised and regulated by the Financial Services Authority of Seychelles under License No. SD050, with its registered address at CT House, Office 9A, Providence, Mahe, Seychelles.

PU Prime Ltd is an investment dealer authorised and regulated by the Financial Services Commission of Mauritius under License No. GB23202672, with registered address at Suite 201 Level 2, The Catalyst, Cybercity Ebene, Mauritius.

PU Prime (Pty) Ltd is a financial service provider authorised and regulated by the Financial Sector Conduct Authority of South Africa under FSP No. 52218, with registered address at 37 Harley Street, Ferndale, Randburg, Gauteng 2194, South Africa.

PU Prime Trading Pty Ltd is an Australian financial services licensee authorised and regulated by the Australian Securities and Investments Commission of Australia under License No. 410681, with its registered address at Suite 103, Level 1, 17 Castlereagh St, Sydney, NSW 2000, Australia. For Australian clients who have onboarded through https://www.puprime.au, the product issuer is PU Prime Trading Pty Ltd.

Finzero Cap Ltd. is registered in the Republic of Cyprus under registration number HE414308. Its registered office is located at Archiepiskopou Makariou III, 160-1st floor, 3026, Limassol, Cyprus.

We and third parties use cookies to enhance your user experience. For more information, see our Cookie Policy and Privacy Policy. By clicking "Accept", you agree to the use of cookies.