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British Pound Outlook: GBP/USD Falling Wedge 2.0 in 2026
In early-2026 trade GBP/USD built a falling wedge formation shortly after the New Year open, and that resolved in a big way with a strong breakout as the pair jumped up to fresh four-year highs. But, like EUR/USD, this seemed a derivative matter on the basis of the breakdown in USD/JPY and as the Dollar came back to life, GBP/USD pulled back.
Date:
23.02.2026 |
Source:
forex.com
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Quotes
| Instrument | Price | Change (%) |
|---|---|---|
| EURUSD | 1.178530 | +0.029707% |
| GBPUSD | 1.349110 | +0.14921% |
| USDJPY | 154.661000 | -0.21163% |
| XAUUSD | 5226.695000 | +2.3186% |
| USDCAD | 1.369730 | +0.17699% |
| NZDUSD | 0.595500 | -0.39667% |
| USDCHF | 0.774700 | -0.094141% |
| AUDUSD | 0.705520 | -0.43701% |
| EURGBP | 0.873450 | -0.073219% |
| EURJPY | 182.260000 | -0.22609% |
| GBPJPY | 208.583000 | -0.18949% |
| AUDJPY | 109.112000 | -0.69717% |
| CADJPY | 112.901000 | -0.3504% |
| CHFJPY | 199.610000 | -0.10859% |
| NZDJPY | 92.090000 | -0.61301% |
| GBPCHF | 1.044460 | -0.081316% |
| EURCHF | 0.912910 | -0.18242% |
| USDMXN | 17.274200 | +0.89481% |
| USDZAR | 16.006200 | -0.13352% |
| USDTRY | 43.832900 | +0.036744% |
| USDRUB | 76.785000 | +0.079897% |
| USDSEK | 9.053670 | +0.058681% |
| USDCNY | 6.907500 | +0% |
Upcoming Important Events
| Time | Country | Event | Forecast | Previous |
|---|---|---|---|---|
| 24.02.2026 | ||||
| 15:00 | 🇺🇸 | CB Consumer Confidence (Feb) | 87.6 | 84.5 |
| 25.02.2026 | ||||
| 07:00 | 🇩🇪 | Consumer Confidence (Mar) | -23.8 | -24.1 |
| 07:00 | 🇩🇪 | Gross Domestic Product QoQ (Q4) | 0.3 | 0.3 |
| 26.02.2026 | ||||
| 07:00 | 🇩🇪 | Consumer Confidence (Mar) | ||
| 13:30 | 🇺🇸 | Core PCE Price Index MoM (Jan) | ||
| 13:30 | 🇺🇸 | Durable Goods Orders MoM (Jan) | ||
| 13:30 | 🇺🇸 | Personal Income MoM (Jan) | ||
| 13:30 | 🇺🇸 | Personal Spending MoM (Jan) | ||
| 27.02.2026 | ||||
| 07:45 | 🇫🇷 | Inflation Rate YoY (Feb) | 0.7 | 0.3 |
| 10:30 | GDP Growth Rate YoY (Q4) | 7.8 | 8.2 | |