Pound Sterling Price News and Forecast: GBP/USD at peak levels [Video]

FXStreet Team FXStreet

GBP/USD at peak levels: Attention shifts to the Bank of England

GBP/USD remains near its August 2021 highs, holding around 1.3834 on Thursday, as heightened volatility in the US dollar continues to weigh on the pair.

Market participants are reacting to US Treasury Secretary Scott Bessent's comments, stating that Washington has no plans to intervene in currency markets by selling dollars against the yen. This statement has added to the prevailing sentiment of a "sell America" strategy, which is putting downward pressure on the dollar. Read more...

GBP/USD extends impulsive move higher – Elliott Wave targets 1.3900 and beyond [Video]

GBP/USD continues to demonstrate a constructive bullish sequence from the November 5, 2026 low, favoring further upside potential. The rally from that low is unfolding in the form of an impulse Elliott Wave structure, which provides clarity on the ongoing trend. From November 5, wave ((i)) concluded at 1.3568, followed by a corrective pullback in wave ((ii)) that ended at 1.334. The internal subdivision of wave ((ii)) developed as a zigzag formation, with wave (a) finishing at 1.339, wave (b) rallying to 1.3495, and wave (c) declining to 1.334. This sequence completed wave ((ii)) at a higher degree and set the stage for renewed strength.

The pair has since resumed its advance in wave ((iii)), which is unfolding as another impulse of lesser degree. From the termination of wave ((ii)), wave (i) ended at 1.3491, while wave (ii) corrected to 1.34. The subsequent rally in wave (iii) reached 1.3869, and the pullback in wave (iv) settled at 1.3749. The structure suggests that the pair is poised to extend higher in wave (v), thereby completing wave ((iii)). Once this occurs, a corrective phase in wave ((iv)) should follow, addressing the cycle from the January 19 low before the broader rally resumes. Read more...

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GBP/USD holds range near 1.3500 after UK Q2 GDP

GBP/USD keeps its range near the 1.3500 psychological mark in the European session on Thursday. The mixed UK GDP and industrial data failed to inspire the British Pound. Meanwhile, the US Dollar stabilizes after the US CPI data-led sell-off, checking any upside attempts in the pair.

EUR/USD flatlines above 1.1500 as US Dollar stablizes ahead of PPI

EUR/USD is trading modestly flat above 1.1500 in European trading hours on Thursday. The pair stalls its rebound as the US Dollar consolidates losses incurred after the release of July's Consumer Price Index report. Inflation in the US moderated across a broad range of goods and services, cooling expectations for an aggressive Federal Reserve rate hike in September and weighing on the Greenback. The US PPI data is next in focus.

Gold weakens further below $4,400 as USD sticks to gains amid Fed bets, Iran tensions

Gold extends its intraday retracement slide from the highest level since June 5, around the $4,450 area touched earlier this Thursday, and slides further below the $4,400 mark heading into the European session. The initial market reaction to signs of moderating US inflation fades quickly as investors remain worried that higher energy prices will rekindle inflationary pressures.

XRP holds at make-or-break level, ADA and SOL risk 50-day EMA breakout

Top altcoins, including Ripple, Cardano, and Solana, are facing downside pressure, holding at crucial support levels. The technical outlook for XRP, ADA, and SOL indicates a mild bearish bias as downside pressure mounts.

Gold has priced a Fed pause. The hike is still coming

July inflation landed exactly where the consensus had it, on all four lines of the release, and Gold responded by adding around 1% and holding fast near $4,400/ounce, trading at its highest since early June. A print that surprises nobody is not supposed to move a metal that far.

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.