Pound Sterling Price News and Forecast: GBP/USD – Brexit breakthrough?

FXStreet Team FXStreet

GBP/USD ready to hit 100-day SMA after strong rally [Video]

GBPUSD had an impressive increase on Monday, jumping above the 50.0% Fibonacci retracement level of the down leg from 1.3515 to 1.1409 at 1.2460 and heading towards the 100-day simple moving average (SMA). The bias in the short-term timeframe remains neutral within the 1.2460 and the 1.2080 lines. Read More...

GBP/USD Forecast: Brexit breakthrough? Cable's continued climb depends on a deal, US demonstrations

Who will blink first? That seems to be the name of the game in EU-UK negotiations, and a breakthrough seems closer than last week – pushing the pound higher. According to The Times, Britain is ready to compromise on both fisheries – a small yet politically significant industry – and broader trade relations. The report suggests London is ready to compromise if Brussels does as well.

The change of tone comes amid the deadline to extend the transition period beyond year-end – something that Prime Minister Boris Johnson refused to do. Without an accord, Britain will default to World Trade Organization rules in 2021. Read More...

GBP/USD climbs beyond mid-1.2500s, fresh 1-month tops amid notable USD supply

The GBP/USD pair maintained its bid tone through the early European session and jumped to fresh one-month tops, just above mid-1.2500s.

The pair added to the previous day's strong intraday positive move of around 180 pips and gained some follow-through traction for the fourth straight session on Tuesday. The uptick also marks the GBP/USD pair's positive move for the sixth day in the previous seven and was sponsored by the prevalent US dollar selling bias. Read More...

GBP/USD

Overview
Today last price	1.2558
Today Daily Change	0.0064
Today Daily Change %	0.51
Today daily open	1.2494

Trends
Daily SMA20	1.2288
Daily SMA50	1.2341
Daily SMA100	1.2578
Daily SMA200	1.267

Levels
Previous Daily High	1.2507
Previous Daily Low	1.2326
Previous Weekly High	1.2394
Previous Weekly Low	1.2164
Previous Monthly High	1.2601
Previous Monthly Low	1.2076
Daily Fibonacci 38.2%	1.2438
Daily Fibonacci 61.8%	1.2395
Daily Pivot Point S1	1.2377
Daily Pivot Point S2	1.2261
Daily Pivot Point S3	1.2197
Daily Pivot Point R1	1.2558
Daily Pivot Point R2	1.2623
Daily Pivot Point R3	1.2739

Author

FXStreet Team

FXStreet

EUR/USD softens below 1.1800 on Fed hawkish remarks

The EUR/USD pair edges lower to around 1.1775 during the early Asian session on Wednesday, pressured by a renewed US Dollar demand. Traders await the US President Donald Trump's State of the Union address later on Wednesday for clarity on fiscal policies.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold consolidates below $5,150 as traders await Trump's State of the Union address

Gold steadies below the $5,150 level following the previous day's pullback from the monthly peak as traders opt to wait on the sidelines ahead of Trump's State of the Union address. In the meantime, trade-related uncertainties and geopolitical risks seem to act as a tailwind for the safe-haven bullion. However, the Fed's less hawkish outlook underpins the US Dollar, which, along with a positive risk tone, caps the upside for the non-yielding yellow metal.

Hyperliquid registers mild gains following CoinShares' ETP launch

Hyperliquid registered a 3% gain on Tuesday after CoinShares announced the launch of its Physical Hyperliquid Staking exchange-traded product, offering investors exposure to the token's price and staking yields.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.