Pound Sterling Price News and Forecast GBP/USD: All eyes on Fed, BOE for a fresh direction

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GBP/USD Weekly Forecast: All eyes on Fed, BOE for a fresh direction

After finishing the week in negative territory, GBP/USD is looking forward to the Fed and BOE monetary policy decisions in the week ahead for the next directional bias. Mounting tensions over a looming recession and higher inflation dominated financial markets and favored the safe-haven US dollar throughout the week. Meanwhile, UK political jitters and dire economic outlook weighed on the pound. Read more...

GBP/USD Forecast: Pound sellers take action as key support fails

GBP/USD has extended its slide below 1.2500 after having closed the previous two days in negative territory. The broad-based dollar strength continues to weigh on the pair early Friday as investors gear up for the US inflation data. On Thursday, the European Central Bank (ECB) said there will be a 25 basis points rate hike in July but failed to convince markets that they will opt for a 50 bps increase in September. The shared currency came under strong selling pressure and the British pound managed to capture some of the capital outflows out of the euro. With EUR/GBP falling nearly 100 pips from session highs on Thursday, GBP/USD's losses remained relatively limited. Read more...

GBP/USD plummets to fresh three-week low, below 1.2400 amid US CPI-inspired USD strength

The GBP/USD pair extended this week's rejection slide from the 1.2600 neighbourhood and witnessed some follow-through selling for the third successive day on Friday. The intraday selling picked up pace during the early North American session and dragged spot prices to over a three-week low, below the 1.2400 round-figure mark. Read more...

GBP/USD

Overview
Today last price	1.2327
Today Daily Change	-0.0167
Today Daily Change %	-1.34
Today daily open	1.2494

Trends
Daily SMA20	1.2512
Daily SMA50	1.2666
Daily SMA100	1.3011
Daily SMA200	1.3279

Levels
Previous Daily High	1.2558
Previous Daily Low	1.2487
Previous Weekly High	1.266
Previous Weekly Low	1.2458
Previous Monthly High	1.2667
Previous Monthly Low	1.2155
Daily Fibonacci 38.2%	1.2514
Daily Fibonacci 61.8%	1.2531
Daily Pivot Point S1	1.2468
Daily Pivot Point S2	1.2442
Daily Pivot Point S3	1.2397
Daily Pivot Point R1	1.2539
Daily Pivot Point R2	1.2584
Daily Pivot Point R3	1.261

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 extends losses toward 1.3200 after weak UK PMI data

GBP/USD loses further ground toward 1.3200 in the European session on Tuesday. Political uncertainty in the United Kingdom weighs on the British Pound, alongside weak business PMI data for June. Meanwhile, the US Dollar capitalizes on the risk-off mood and hawkish Fed bets ahead of the US PMI release.

EUR/USD stays weak below 1.1450 after German, EU PMI data

EUR/USD struggles to stage a rebound and trades below 1.1450 in the European session on Tuesday, after the data from Germany showed that the Composite PMI declined to 48 in June from 48.8 May, while that from the Eurozone rose to 49.5. Meanwhile, the US Dollar holds the upper hand against the Euro amid risk-off sentiment and a hawkish Fed outlook, leaving the pair on the defensive. Traders now await the US PMI data.

Gold drops to nearly two-week low, seems vulnerable amid Fed hike bets, bullish USD

Gold adds to its Asian session losses, and drops to a nearly two-week low, around the $4,115 region in the last hour amid a bullish US Dollar. Despite positive signals from US-Iran peace talks, widespread skepticism remains toward a final deal. This helps the USD in preserving its recent strong gains to the highest level since May 2025.

Dogecoin risks fresh yearly lows as bears tighten grip

Dogecoin (DOGE) remains under pressure, trading below $0.09 after failing to break above a key resistance zone, and losing more than 7% last week. Weakening institutional interest, declining social dominance and a rise in bearish derivatives positioning continue to weigh on DOGE. In addition, deteriorating momentum indicators suggest the meme coin risks a deeper correction.

US S&P Global PMI expected to show steady business growth in June

S&P Global will release the June flash Purchasing Managers' Indices for most major economies, with the United States data scheduled on Tuesday. These surveys of top private-sector executives are seen as an early indicator of the country’s economic health.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.