GBP/MKD Price & Performance (GBPMKD)

The GBPUSD pair has fallen beneath significant moving averages, signaling a bearish trend. Prices dropped below the 100-hour, 100-day, and 200-hour moving averages, with sellers eyeing the 1.2608 support zone. A decisive break below this level could lead to further downside, while a recovery might shift momentum back to buyers.1

The S&P 500 has entered correction territory, dropping 10% from its February peak amid escalating trade tensions. President Trump’s new 200% tariff on European spirits has rattled markets, and retaliatory measures from Canada and the EU are heightening fears of a prolonged economic slowdown. Inflation concerns remain as businesses preemptively raise prices.2

Next week, major central banks, including the Federal Reserve and Bank of England, will announce rate decisions. Investors await Fed Chair Powell’s guidance on inflation and rate cuts. Meanwhile, Eurozone inflation data and the Bank of Japan’s policy stance will also shape market sentiment amid ongoing trade and economic uncertainties.2