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British Pound Short-term Outlook: GBP/USD Rally at Risk as Sterling Tests Support
The British Pound is on the back foot after last week's advance, with GBP/USD now testing initial support at the 38.2% retracement of the late-November rally. While the broader structure remains technically constructive, the reaction here will be essential in determining whether the November advance can hold or if a deeper pullback takes shape into the monthly open.
Date:
02.12.2025 |
Source:
forex.com
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Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.174340 | +0.040971% |
| GBPUSD | 1.337420 | -0.068025% |
| USDJPY | 155.806000 | +0.17939% |
| XAUUSD | 4302.423650 | +0.53954% |
| USDCAD | 1.375900 | -0.067546% |
| NZDUSD | 0.580080 | -0.15083% |
| USDCHF | 0.795200 | +0.15492% |
| AUDUSD | 0.664810 | -0.25927% |
| EURGBP | 0.877370 | +0.099258% |
| EURJPY | 182.956000 | +0.17903% |
| GBPJPY | 208.519000 | +0.005712% |
| AUDJPY | 103.576000 | -0.026061% |
| CADJPY | 113.229000 | +0.31895% |
| CHFJPY | 196.116890 | +0.19635% |
| NZDJPY | 90.375000 | +0.018013% |
| GBPCHF | 1.064630 | +0.08649% |
| EURCHF | 0.934040 | +0.063705% |
| USDMXN | 18.001700 | -0.079374% |
| USDZAR | 16.875300 | +0.13648% |
| USDTRY | 42.690300 | +0.13088% |
| USDRUB | 79.635000 | -0.51084% |
| USDSEK | 9.274690 | +0.32657% |
| USDCNY | 7.054300 | -0.043926% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 14.12.2025 | ||||
| 22:00 | 🇦🇺 | S&P Global Manufacturing PMI (Dec) | 53.6 | |
| 22:00 | 🇦🇺 | S&P Global Services PMI (Dec) | 53.4 | |
| 23:50 | 🇯🇵 | Tankan Large Manufacturers Index (Q4) | 15 | 14 |
| 15.12.2025 | ||||
| 02:00 | Industrial Production YoY (Nov) | 5 | 4.9 | |
| 02:00 | Retail Sales YoY (Nov) | 2.9 | 2.9 | |
| 02:00 | Unemployment Rate (Nov) | 5.1 | 5.1 | |
| 08:30 | 🇩🇪 | HCOB Services PMI (Dec) | 51.5 | 53.1 |
| 09:00 | 🇪🇺 | HCOB Manufacturing PMI (Dec) | 52.2 | 49.6 |
| 09:00 | 🇪🇺 | HCOB Services PMI (Dec) | 51.5 | 53.6 |
| 09:30 | 🇬🇧 | S&P Global Manufacturing PMI (Dec) | 48.2 | 50.2 |