Pound Sterling Price News and Forecast: GBP rallies to 1.3300 neighborhood

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GBP/USD Price Forecast: Rallies to 1.3300 neighborhood, fresh weekly top on weaker USD

The GBP/USD pair is seen building on the overnight bounce from the 1.3160 area, or its lowest level in over four months, and gaining positive traction for the second consecutive day. The momentum lifts spot prices to the 1.3300 neighborhood, or a fresh weekly high during the early European session, and is sponsored by some follow-through US Dollar (USD) selling.

President Donald Trump signaled on Tuesday that the US could wrap up its military operation against Iran within two to three weeks, fueling optimism about the de-escalation of tensions in the Middle East and boosting investors' confidence. This, in turn, drags the safe-haven USD further away from its highest level since May 2025, which it touched the previous day, and is seen as a key factor acting as a tailwind for the GBP/USD pair. Read more...

GBP/USD – Change of the trend dynamic from bearish to bullish [Video]

Potential for the further upside movement. Read more...

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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.

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