Pound Sterling Price News and Forecast: GBP/USD breaks its two-day losses

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GBP/USD Price Analysis: Holds position above 1.2900; next support at 14-day EMA

GBP/USD breaks its two-day losses, trading around 1.2920 in Monday's Asian session. The analysis of the daily chart shows the pair lies within an ascending channel, signaling a bullish trend in the pair's price movements.

Moreover, the Moving Average Convergence Divergence (MACD), a momentum indicator, reflects short-term bullish momentum, with the MACD line above the centerline and the signal line. Additionally, the 14-day Relative Strength Index (RSI) sits above the 50 level, confirming the bullish trend. Read more...

GBP/USD sticks to modest recovery gains above 1.2900, lacks bullish conviction

The GBP/USD pair attracts some buyers during the Asian session on Monday and for now, seems to have stalled its corrective slide from the 1.3045 area, or a one-year peak touched last week. Spot prices currently trade around the 1.2930 region, up over 0.10% for the day, though remain close to a one-week low set last Friday.

The US Dollar (USD) kicks off the new week on a weaker note in reaction to the US political development over the weekend and turns out to be a key factor lending some support to the GBP/USD pair. Following a long week of political turmoil, US President Joe Biden stepped down from the 2024 Presidential election. This, in turn, increases the chances of Donald Trump becoming the next US President, which, along with bets that the Federal Reserve (Fed) will cut interest rates in September, boosts investors' appetite for riskier assets and undermines the safe-haven Greenback. Read more...

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EUR/USD drops to six-week lows, pierces 1.1600 post-US data

EUR/USD comes under pressure and trades just below the 1.1600 figure for the first time in 2026, flirting with multi-week troughs on the back of further improvement in the Greenback. Latest data from the US docket saw Initial Jobless Claims dropping below estimates in the week to January 10.

GBP/USD remains weak, falls towards 1.3350

Tracking its risk-sensitive peers, GBP/USD faces increasing selling interest and extends its slump after breaking through the 1.3400 mark on Thursday. Cable’s daily pullback comes in response to the better tone in the US Dollar as investors assess the latest US data releases, and despite encouraging United Kingdom data published earlier in the day.