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2025-09-16 21:52:33
[British Pound Bulls Charge Forward, Aiming for a 45-Month Peak!] ⑴ The British pound against the US dollar (GBP/USD) rose to 1.3657, a new high since July 4th, reflecting widespread selling of the US dollar and strong support for the British pound. ⑵ The continued rise in the exchange rate, particularly reaching the key 1.3657 level, coupled with the psychological implications of the July 4th high of 1.3681, suggests that bullish momentum is accelerating. ⑶ The current trading pattern exhibits characteristics of a "crowded trade," with Wall Street institutions rapidly building long positions in the British pound while significantly reducing their holdings of the US dollar. A reversal of this one-sided trend could trigger significant volatility. ⑷ Analysts suggest that the next price targets for British pound bulls are the 45-month high of 1.3787 and the more distant 1.40 round number, suggesting further upside potential from both technical and psychological perspectives. ⑸ It is worth noting that the UK will release its July inflation data on Wednesday, with an estimated annual rate of 3.8%. This data will directly affect the market's expectations of the Bank of England's monetary policy, and in turn have a key impact on the trend of the pound.
