GBP Forecast for May 12, 2026

[OveFinance]

GBP Forecast for May 12, 2026​

I will keep an eye on the 1/2 pound level. We go into the spread again, but, in my opinion, it has already been terminated.

The passage 1/2 -> will be a signal for movement to the area of 1.3400

 

[OveFinance]

GBPUSD Forecast for May 12, 2026​

The Pound has reached the 1/2 margin zone calculated from the recent high and showed an immediate reaction.

We are currently monitoring the level; the price needs to break through the zone and establish support above it to head toward the strike in the 1.3400 area.

UK bonds are declining due to pressure on Starmer

UK bonds fell after a growing number of Labour Party lawmakers demanded the resignation of their leader and Prime Minister Keir Starmer following significant losses in recent local elections.