Pound Sterling Price News and Forecast: GBP/USD attracts some sellers around 1.2525

FXStreet Team FXStreet

GBP/USD Price Analysis: The next upside barrier is seen at 1.2580

The GBP/USD pair snaps the three-day winning streak during the early European session on Wednesday. The downtick of the major pair is backed by renewed US dollar demand. At the press time, GBP/USD is losing 0.09% on the day to trade at 1.2525.

On Monday, the Bank of England (BoE) Governor Andrew Bailey said that it was too early to think about rate cuts and borrowing costs might have to rise again if inflation proved to be more persistent than estimated. Bailey further stated that the conflict in the Gaza Strip has increased the likelihood that inflation will rise again. Read more...

GBP/USD holds steady near its highest level since September 9, just below mid-1.2500s

The GBP/USD pair trades with a positive bias for the fourth successive day on Wednesday and hovers around the 1.2535-1.2540 area during the Asian session, just below its highest level since September 9 touched the previous day.

The British Pound (GBP) continues to draw support from the overnight hawkish remarks by the Bank of England (BoE) officials, which, along with subdued US Dollar (USD) price action, acts as a tailwind for the GBP/USD pair. Speaking at a Treasury Select Committee hearing on Tuesday, BoE Governor Andrew Bailey warned that investors were putting too much weight on the recent data and are underestimating the persistence of UK inflation. Furthermore, Bailey stressed that the BoE would keep interest rates high for an extended period, downplaying speculations that the central bank will start policy easing by June 2024. Read more...

GBP/USD

Overview
Today last price	1.2525
Today Daily Change	-0.0011
Today Daily Change %	-0.09
Today daily open	1.2536

Trends
Daily SMA20	1.2294
Daily SMA50	1.2257
Daily SMA100	1.2505
Daily SMA200	1.2448

Levels
Previous Daily High	1.2559
Previous Daily Low	1.2501
Previous Weekly High	1.2506
Previous Weekly Low	1.2213
Previous Monthly High	1.2337
Previous Monthly Low	1.2037
Daily Fibonacci 38.2%	1.2537
Daily Fibonacci 61.8%	1.2523
Daily Pivot Point S1	1.2505
Daily Pivot Point S2	1.2474
Daily Pivot Point S3	1.2446
Daily Pivot Point R1	1.2563
Daily Pivot Point R2	1.2591
Daily Pivot Point R3	1.2622

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD retreats toward 1.1700 on modest USD recovery

EUR/USD stays under mild bearish pressure and trades below 1.1750 on Friday. Although trading conditions remain thin following the New Year holiday and ahead of the weekend, the modest recovery seen in the US Dollar causes the pair to edge lower. The economic calendar will not feature any high-impact data releases.

GBP/USD struggles to gain traction, stabilizes near 1.3450

After testing 1.3400 on the last day of 2025, GBP/USD managed to stage a rebound. Nevertheless, the pair finds it difficult to gather momentum and trades marginally lower on the day at around 1.3450 as market participants remain in holiday mood.

Gold climbs toward $4,400 following deep correction

Gold advances toward $4,400 and gains more than 1.5% on the day after suffering heavy losses amid profit-taking heading into the end of the year. Growing expectations for a dovish Fed policy and persistent geopolitical risks seem to be helping XAU/USD stretch higher.

Cardano gains early New Year momentum, bulls target falling wedge breakout

Cardano kicks off the New Year on a positive note and is extending gains, trading above $0.36 at the time of writing on Friday. Improving on-chain and derivatives data point to growing bullish interest, while the technical outlook keeps an upside breakout in focus.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).