Pound Sterling Price News and Forecast: GBP/USD further gains remain on the cards

FXStreet Team FXStreet

GBP/USD Forecast: Bulls need to defend 1.2520 to retain control

GBP/USD gathered bullish momentum and climbed to its highest level since May 10 near 1.2570 early Friday. The pair stays in a consolidation phase during the European trading hours and edges lower. In the absence of fundamental drivers, market mood and week-end flows could drive the pair's action. Read more...

GBP/USD: Further gains remain on the cards

GBP/USD is expected to edge further up in the short-term horizon, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read more...

GBP/USD will struggle to hold its recent gains – Rabobank

The Pound has regained its position as the best-performing G10 currency in the year. Economists at Rabobank discuss GBP outlook. Read more...

GBP/USD

Overview
Today last price	1.2568
Today Daily Change	0.0008
Today Daily Change %	0.06
Today daily open	1.256

Trends
Daily SMA20	1.2437
Daily SMA50	1.2464
Daily SMA100	1.2307
Daily SMA200	1.2011

Levels
Previous Daily High	1.2561
Previous Daily Low	1.2433
Previous Weekly High	1.2545
Previous Weekly Low	1.2327
Previous Monthly High	1.268
Previous Monthly Low	1.2308
Daily Fibonacci 38.2%	1.2512
Daily Fibonacci 61.8%	1.2482
Daily Pivot Point S1	1.2475
Daily Pivot Point S2	1.239
Daily Pivot Point S3	1.2347
Daily Pivot Point R1	1.2603
Daily Pivot Point R2	1.2646
Daily Pivot Point R3	1.2731

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD gathers strength to near 1.3300 on Burnham’s commitment to fiscal rules, NFP data loom

The GBP/USD pair gains traction to near 1.3290 during the Asian trading hours on Thursday. The British Pound strengthens against the US Dollar as the UK's likely next Prime Minister, Andy Burnham, has eased market concerns by pledging strict fiscal discipline. The US Nonfarm Payrolls data for June will take center stage later on Thursday.

EUR/USD nudges higher above 1.1350 on softer Fed stance, traders await US jobs data

The EUR/USD pair posts modest gains near 1.1380 during the early Asian session on Thursday. The US Dollar edges lower against the Euro on less hawkish remarks from Federal Reserve Chairman Kevin Warsh. Traders will closely monitor the US jobs data for June later on Thursday.

Gold holds rebound near $4,050, with all eyes on US NFP

Gold holds the rebound near $4,050 in Thursday's Asian trading, following the previous day's volatile two-way price swings. Traders now look to the crucial US NFP report for fresh impetus. In the meantime, the US Dollar retreats on profit-taking and Mideast optimism, underpinning the Gold price recovery.

Bitcoin long-term holders resume accumulation as ETF outflows keep institutional sentiment subdued — Glassnode

Long-term Bitcoin investors have begun absorbing supply despite persistent negative flows from US spot BTC exchange-traded funds, according to a report by Glassnode on Wednesday. The firm stated that long-term holders have shifted back into net accumulation after months of distribution, signaling renewed confidence as Bitcoin trades near $60,000.

A preview of NFP

The number is of much greater importance than usual as the Fed moves away from a forecasting framework and towards a current-data/rebuilding-credibility framework. While I have been pooh-poohing Warsh’s hawkish opener, I am also open to the idea that if he is serious about rebuilding credibility, he can find enough hawkish votes, and if June NFP is another hot one—July FOMC could be in play.

Just like Fed, is BoJ’s independence under threat?

When talking about central bank independence, most of the focus has been on Donald Trump’s pressure on the Federal Reserve. But a similar story, a quieter one for now, seems to be happening on the other side of the Pacific: Japan’s government may be testing the Bank of Japan’s independence.