Pound Sterling Price News and Forecast: GBP/USD backslides on Monday, finds near-term floor at 1.2800

FXStreet Team FXStreet

GBP/USD backslides on Monday, finds near-term floor at 1.2800

GBP/USD pared away some gains on Monday, falling from 1.2860 back into the 1.2800 price handle as markets trim rate cut expectations from the Bank of England (BoE). According to the Union Bank of Switzerland (UBS), the BoE is expected to deliver a first rate trim in August versus the previously-expected May. Read More...

Pound Sterling falls amid uncertainty ahead of data-packed week

The Pound Sterling (GBP) faces selling pressure in Monday’s late European session amid uncertainty ahead of a data-packed week. The GBP/USD pair drops ahead of the United Kingdom Employment and monthly Gross Domestic Product (GDP), which will be published on Tuesday and Wednesday, respectively. Read More...

GBP/USD remains steady near the 1.2850, awaits UK employment data

GBP/USD hovers around 1.2850 during the Asian session on Monday, maintaining a positive sentiment to potentially extend its winning streak that commenced on March 1. However, the US Dollar (USD) has received upward strength and recovered from intraday losses on Friday following the release of upbeat US Nonfarm Payrolls data. Read More...

GBP/USD

Overview
Today last price	1.2809
Today Daily Change	-0.0042
Today Daily Change %	-0.33
Today daily open	1.2851

Trends
Daily SMA20	1.2663
Daily SMA50	1.2676
Daily SMA100	1.2583
Daily SMA200	1.2585

Levels
Previous Daily High	1.2894
Previous Daily Low	1.2801
Previous Weekly High	1.2894
Previous Weekly Low	1.2652
Previous Monthly High	1.2773
Previous Monthly Low	1.2518
Daily Fibonacci 38.2%	1.2858
Daily Fibonacci 61.8%	1.2837
Daily Pivot Point S1	1.2803
Daily Pivot Point S2	1.2756
Daily Pivot Point S3	1.2711
Daily Pivot Point R1	1.2896
Daily Pivot Point R2	1.2941
Daily Pivot Point R3	1.2988

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 gathers recovery momentum, trades near 1.1750

Following the correction seen in the second half of the previous week, EUR/USD gathers bullish momentum and trades in positive territory near 1.1750. The US Dollar (USD) struggles to attract buyers and supports the pair as investors await Tuesday's GDP data ahead of the Christmas holiday.

GBP/USD rises toward 1.3450 on renewed USD weakness

GBP/USD turns north on Monday and avances to the 1.3450 region. The US Dollar (USD) stays on the back foot to begin the new week as investors adjust their positions before tomorrow's third-quarter growth data, helping the pair stretch higher.

Gold not done with record highs

Gold extends its rally in the American session on Monday and trades at a new all-time-high above $4,420, gaining nearly 2% on a daily basis. The potential for a re-escalation of the tensions in the Middle East on news of Israel planning to attack Iran allows Gold to capitalize on safe-haven flows.

Top 10 crypto predictions for 2026: Institutional demand and big banks could lift Bitcoin

Bitcoin could hit record highs in 2026, according to Grayscale and top crypto asset managers. Institutional demand and digital-asset treasury companies set to catalyze gains in Bitcoin.

Ten questions that matter going into 2026

2026 may be less about a neat “base case” and more about a regime shift—the market can reprice what matters most (growth, inflation, fiscal, geopolitics, concentration). The biggest trap is false comfort: the same trades can look defensive… right up until they become crowded.

XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.