GNY USD Price & Performance (GNYUSD)

The GBPUSD has fallen below significant moving averages, including the 100-hour, 100-day, and 200-hour levels. If the pair remains under these thresholds, sellers may gain control, potentially pushing prices toward 1.2608 or lower. A recovery above these levels could shift momentum back to buyers.1

The S&P 500 has entered correction territory, shedding 10% from its February peak and erasing $5 trillion in market value. Escalating trade tensions, including a 200% tariff on European goods, have rattled markets. Inflation and next week’s Federal Reserve decision will likely influence future market direction.2

The UK economy shrank by 0.1% in January, missing expectations for growth. Persistent inflation concerns are keeping the Bank of England’s rate at 4.5%. Weak economic data and trade tensions continue to weigh on UK assets, adding to the pressure on the country’s economic outlook.2