Pound Sterling Price News and Forecast: GBP/USD boosted by strong UK jobs data

FXStreet Team FXStreet

GBP/USD boosted by strong UK jobs data, but unable to break above key downtrend for now

Amid a broad pick up in the fortunes of the US dollar following Tuesday’s strong retail sales and industrial production figures, GBP/USD has fallen back from earlier session highs in the 1.3470s and is back to trading in the 1.3430s. At the start of the European trading session, the pair had rallied as much as 0.5%, boosted by a strong labour market report that amny analysts saw as giving the BoE the green light to hike rates in December. While the pair has slipped back from highs, it still holds onto gains of about 0.2% on the session and is, at present, the best-performing currency in the G10. Read more...

GBP/USD

Overview
Today last price	1.3429
Today Daily Change	0.0023
Today Daily Change %	0.17
Today daily open	1.3406

Trends
Daily SMA20	1.363
Daily SMA50	1.3659
Daily SMA100	1.3733
Daily SMA200	1.3842

Levels
Previous Daily High	1.345
Previous Daily Low	1.3403
Previous Weekly High	1.3607
Previous Weekly Low	1.3353
Previous Monthly High	1.3834
Previous Monthly Low	1.3434
Daily Fibonacci 38.2%	1.3421
Daily Fibonacci 61.8%	1.3432
Daily Pivot Point S1	1.339
Daily Pivot Point S2	1.3374
Daily Pivot Point S3	1.3344
Daily Pivot Point R1	1.3436
Daily Pivot Point R2	1.3466
Daily Pivot Point R3	1.3482

UK CPI Preview: Buy the rumor, sell the fact? Three scenarios for GBP/USD

"I'm very uneasy about the inflation situation" – these words by Bank of England Governor Andrew Bailey have been reverberating through investors' minds ahead of the inflation release for October. They have also been setting a high bar to surpass – and that bar is already high at 3.9% YoY. It is essential to examine another remark Bailey made to MPs on Monday. The governor said that the labor market is tight, and less than 24 hours later, markets learned that Britain's unemployment rate dropped to 4.3% in September, better than expected. Jobless claims also surprised, falling in October – despite the expiry of the furlough scheme. Read more...

GBP/USD Forecast: Technicals point to additional recovery gains

GBP/USD has regained its traction early Tuesday and the technical developments suggest that the pair could extend its recovery unless fundamental drivers hurt the British pound. Although GBP/USD closed virtually unchanged on Monday, the fact that the pair's losses were limited in the face of broad-based USD strength highlighted the pound's resilience at the start of the week. Read more...

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FXStreet Team

FXStreet

EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD slips below key averages as geopolitical risks mount

GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows.

Gold moves closer to $5,150 amid sustained safe-haven flows

Gold climbs back above $5,100 during the Asian session on Wednesday, moving away from an over one-week low, touched the previous day. Sustained safe-haven flow, amid escalating geopolitical tensions in the Middle East, acts as a tailwind for the bullion. However, a bullish US Dollar and reduced bets for more aggressive easing by the US Fed might keep a lid on the non-yielding yellow metal ahead of the US ADP report and ISM Services PMI later today.