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Pound Sterling Price News and Forecast: GBP/USD aimed at 1.22 as US Dollar eases back

FXStreet Team FXStreet

GBP/USD aimed at 1.22 as US Dollar eases back

The GBP/USD is finding some bids for Monday, rebounding from the day's early lows just south of the 1.2100 handle, and the Pound Sterling has a target set on 1.2200 ahead of the Federal Reserve's (Fed) Wednesday rate call. The Fed will beat the Bank of England (BoE) to the punch on central bank action this week, with the BoE slated for the day after. Read More...

Pound Sterling trades directionless ahead of BoE policy

The Pound Sterling (GBP) struggles to find a direction on Monday as investors await the interest rate decision from the Bank of England (BoE) for further decision-making. The GBP/USD pair trades sideways as the market mood turns quiet, with investors also seeking fresh developments over the Israel-Palestine conflict to take further action. Read More...

GBP/USD still risks a drop to 1.2040 – UOB

GBP/USD maintains the downside pressure well in place and could revisit the 1.2040 zone in the near term, note UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Read More...

GBP/USD

Overview

Today last price

1.2169

Today Daily Change

0.0048

Today Daily Change %

0.40

Today daily open

1.2121

Trends

Daily SMA20

1.2175

Daily SMA50

1.2352

Daily SMA100

1.257

Daily SMA200

1.2439

Levels

Previous Daily High

1.2163

Previous Daily Low

1.2106

Previous Weekly High

1.2289

Previous Weekly Low

1.207

Previous Monthly High

1.2713

Previous Monthly Low

1.2111

Daily Fibonacci 38.2%

1.2128

Daily Fibonacci 61.8%

1.2141

Daily Pivot Point S1

1.2097

Daily Pivot Point S2

1.2073

Daily Pivot Point S3

1.204

Daily Pivot Point R1

1.2154

Daily Pivot Point R2

1.2187

Daily Pivot Point R3

1.2211

Author

FXStreet Team

FXStreet

EUR/USD looks strong around 1.1730

EUR/USD is carrying Monday’s upbeat tone into Tuesday, pushing higher again and hovering around the 1.1730 zone. The US Dollar remains on the back foot, still weighed down by the broader “Sell America” narrative, as investors keep mulling over the latest twists around the US and its Greenland-related headlines.

GBP/USD eases from tops, back to 1.3460

GBP/USD is extending its winning streak into a second session, now surrendering some gains and receding toward the 1.3460 area on Tuesday. Cable’s rebound remains propped up by the persistent selling pressure on the Greenback, while the British Pound appears, for now, largely unfazed by the mixed signals from the UK labour market.

Gold conquers the $4,700 mark on Trump’s threats

Gold builds on Monday's gains and hits a new record high around $4,760 per troy ounce on Tuesday. Escalating geopolitical tensions and growing fears of deepening trade conflicts, alongside the broad-based selling pressure surrounding the US Dollar continue to fuel the yellow metal’s rally.

Bitcoin extends decline as tensions around Greenland mount

Bitcoin price extends losses, trading below $91,000 at the time of writing on Tuesday amid escalating geopolitical tensions over Greenland. Investors are moving toward safe-haven assets, with Gold hitting fresh all-time highs, while BTC continues to nosedive.

Greenland tariffs: What happened, and how to position for the new Europe risk premium

Over the weekend, President Trump threatened a new round of tariffs on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and the UK, with reporting flagging 10% from February 1 and a possible step-up later.

Crypto Today: Bitcoin, Ethereum and XRP extend correction as rising geopolitical tensions fade risky sentiment

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices are extending their losses on Tuesday as risk-on sentiment fades amid rising geopolitical tensions over Greenland.