British Pound spikes to weekly tops, now eyes higher levels

FXStreet Team FXStreet

British Pound Price Analysis: Spikes to weekly tops, tests 200-hour SMA

The British pound added to its recent recovery move and gained some follow-through traction for the third consecutive session on Thursday. The momentum lifted the pair to fresh weekly tops in the last hour, with bulls now eyeing a move beyond 200-hour SMA. Read more…

GBP/USD now looks to 1.2900 – UOB

24-hour view: “The fact that GBP stayed at the top of our expected 1.2915/1.3050 range tells us that a base may be forming just under 1.3000. To cement the view, GBP would need to take out 1.3070 convincingly. Above that, 1.3100 is another strong resistance. On the downside, 1.3000 supports and only a move below 1.2970 would indicate that the upward pressure has eased.” Read more…

British Pound Forecast: Rate cut speculations, Brexit uncertainties to cap the ongoing recovery

The GBP/USD pair witnessed some intraday selling on Wednesday and weakened back below the key 1.30 psychological mark following the release of softer UK consumer inflation figures. In fact, the headline UK CPI unexpectedly eased to a three-year low, at a 1.3% annualized pace in December from 1.5% previously. Adding to this, the core CPI (excluding food and energy prices) also fell short of market expectations and held flat during the reported month and rose 1.4% from a year earlier. Read more...

Author

FXStreet Team

FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.