Pound Sterling Price News and Forecast: GBP could face next resistance at 1.2750

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling could face next resistance at 1.2750

GBP/USD registered small gains for the second consecutive day on Wednesday and continued to edge higher early Thursday. The technical outlook suggests that the bullish bias remains intact in the near term.

Falling US Treasury bond yields and disappointing macroeconomic data releases from the US made it difficult for the US Dollar (USD) to stay resilient against its major rivals on Wednesday. The ISM Services PMI declined to 52.1 in November from 56 in October and missed the market expectation of 55.5. Additionally, the ADP Employment Change came in at 146,000 in November, compared to analysts' estimate of 150,000. Read more...

GBP/USD continues its rally: Third day of buying

The GBP/USD pair has risen to 1.2711, marking the third day of sustained buyer activity. This upward movement comes from comments from Bank of England Governor Andrew Bailey, who hinted at potential interest rate cuts in 2025 if the consumer price index (CPI) continues its downward trajectory.

In a recent interview, Governor Bailey discussed the possibility of a decisive easing in monetary policy, suggesting a total reduction of 100 basis points in 2025, which could bring the interest rate down to as low as 3.75% per annum. While this outlook is seen as positive, investors are currently more focused on the short term, with expectations set for the BoE's rate to remain unchanged in December 2024. Any substantial rate adjustments are anticipated to be implemented next year. Read more...

Author

FXStreet Team

FXStreet

EUR/USD looks firm, retreats from peaks past 1.1900

Continued weakness in the Greenback has given EUR/USD another lift, extending last week’s rally and pushing the pair to fresh yearly highs just above the 1.1900 level on Monday. Looking ahead, investors are likely to remain cautious in the run-up to Wednesday’s Fed meeting.

GBP/USD trims some gains, back below 1.3700

GBP/USD is building on its recent gains at the start of the week, climbing to four-month highs above the key 1.3700 level just ease some ground afterwards. The move reflects a broader improvement in risk appetite, with persistent selling pressure continuing to weigh on the US Dollar.

Gold surrenders part of the advance, recedes below $5,100

Gold is extending its impressive rally on Monday, surpassing the $5,100 level per troy ounce as the Greenback stays well on the defensive. Ongoing geopolitical tensions, alongside softer US Treasury yields, are providing additional support to the yellow metal.

Ethereum: Bitmine expands holdings as ETH bounces off key support

Ethereum treasury firm Bitmine Immersion Technologies continued its weekly acquisition of the top altcoin, purchasing 40,302 ETH last week. The move has pushed the company's stash to 4.24 million ETH, worth about $12.29 billion at the time of publication, according to a statement on Monday.

Tariffs, rate decisions, and inflation: Your week ahead brief

Well, what a week it has been. And that is putting it mildly. Fortunately, for those of us nursing their geopolitical-induced headaches, this week offers a chance to refocus on central bank decisions, inflation figures, and corporate earnings.

Tether Gold dominates 60% of tokenized Gold market as XAU₮ valuation exceeds $2.2 billion

Tether Gold (XAU₮) dominated the Gold-backed stablecoin sector in 2025, accounting for approximately 60% of total market supply, as demand for tokenized real-world assets surged alongside Gold prices.