Pound Sterling Price News and Forecast GBP/USD: Another dollar surge? US inflation could outweigh Omicron

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GBP/USD Weekly Forecast: Another dollar surge? US inflation could outweigh Omicron, UK GDP

Time to retire "transitory" – these hawkish words by Federal Reserve Chair Jerome Powell when referring to inflation have served as the tiebreaker in favor of the dollar. Fears of the Omicron covid variant have been intermixed with hope that it isn't as scary as initially thought. Apart from the virus, US inflation and UK GDP stand out. Read more...

GBP/USD Forecast: Technicals turn bearish ahead of US jobs report

GBP/USD has managed to snap a three-day losing streak on Thursday but failed to hold above 1.3300 as the greenback started to gather strength early Friday. The technical outlook seems to have turned bearish with key resistance levels staying intact. Later in the day, the US Bureau of Labor Statistics will release the November jobs report. Investors forecast Nonfarm Payrolls (NFP) to rise by 550,000 following October's increase of 531,000. Read more...

GBP/USD slides for the fourth day in the week meanders around 1.3230s

The British pound pares Thursday’s gains and some more, is down some 0.50%, trading at 1.3232 during the New York session at the time of writing. A risk-off market mood prompted investors to drop anything with the word “risk” attached to it, benefitting safe-haven assets. In the FX market, the USD, the JPY, and the CHF are the most aided of the abovementioned and are the stronger currencies as we approach the Wall Street close. Read more...

GBP/USD

Overview
Today last price	1.3239
Today Daily Change	-0.0061
Today Daily Change %	-0.46
Today daily open	1.33

Trends
Daily SMA20	1.3401
Daily SMA50	1.3556
Daily SMA100	1.3673
Daily SMA200	1.3805

Levels
Previous Daily High	1.3334
Previous Daily Low	1.3264
Previous Weekly High	1.3457
Previous Weekly Low	1.3278
Previous Monthly High	1.3698
Previous Monthly Low	1.3194
Daily Fibonacci 38.2%	1.3307
Daily Fibonacci 61.8%	1.329
Daily Pivot Point S1	1.3264
Daily Pivot Point S2	1.3229
Daily Pivot Point S3	1.3194
Daily Pivot Point R1	1.3334
Daily Pivot Point R2	1.3369
Daily Pivot Point R3	1.3405

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 trades below 1.3500 on firmer USD, ahead of UK GDP

The GBP/USD pair trades with a negative bias for the second consecutive day and trades below the 1.3500 psychological mark during the Asian session amid modest US Dollar strength. The downside potential, however, seems limited as traders might opt to wait for the UK macro data dump, including the Q2 GDP report, before placing directional bets.

EUR/USD advances as US Dollar weakens amid cooling Inflation

EUR/USD halts its three-day losing streak, trading around 1.1530 during the Asian hours. The currency pair gains ground as the US Dollar faces challenges following the release of July's Consumer Price Index report. Inflation in the US moderated across a broad range of goods and services, which significantly cooled expectations for an aggressive Federal Reserve rate hike in September.

Gold retreats from June 5 high amid oil-driven Fed rate-hike bets

Gold retreats after touching a fresh high since June 5, around the $4,450 area, during the Asian session, and is currently placed near the lower end of its daily range. The immediate market reaction to signs of moderating US inflation seems to have faded amid expectations that higher energy prices will rekindle inflationary pressures.

Ripple and Stellar outlook: Stay under pressure as cautious sentiment builds

Ripple and Stellar remain under pressure, with both altcoins correcting slightly so far this week. XRP nears the key $1.00 support zone on Thursday, while XLM trades below critical technical levels. Mixed derivatives and on-chain metrics suggest cautious sentiment, leaving both tokens vulnerable to further downside while offering hope for a potential recovery.

UK GDP expected to show moderate Q2 growth

The United Kingdom’s Office for National Statistics will release the preliminary estimate of the second-quarter Gross Domestic Product on Thursday. Market analysts anticipate a 0.4% growth in the three months to June, after a modest 0.6% advance in the first quarter of 2026. Annual progress is expected at 1.1%, up from the 0.9% posted in March.

Why is Crude Oil priced for a reopening the ships haven't made?

Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day. In the sessions since the waterway was publicly declared open, Brent has drifted back to $87 and West Texas Intermediate (WTI) to $81, both a little lower again on Wednesday, with daily momentum on each unwound from the top of its range in late July to the low twenties now.