|

Pound Sterling Price News and Forecast: GBP/USD: Bulls commit at a 61.8% ratio ahead of the Fed

GBP/USD Price Analysis: Bulls commit at a 61.8% ratio ahead of the Fed

Sterling moved out of consolidation in the later part of the New York morning and is finding demand at a daily support area on the charts. However, at 1.1900, the pair is remaining precariously close to recent trend lows ahead of Wednesday's expected Fed 25bp hike. Read More...

Pound Sterling declines as tight monetary policy deepens recession fears

The Pound Sterling (GBP) struggles to extend recovery and drops sharply amid bleak economic prospects propelled by higher inflation and aggressive monetary policy by the Bank of England (BoE). The GBP/USD pair picks demand as the market mood has turned bullish amid hopes that interest rates by global central banks will peak sooner than expected. Read More...
 

GBP/USD: Further decline is seen below 1.2780 – UOB

Further weakness in GBP/USD emerges on a close below 1.2780, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More...

GBP/USD

Overview
Today last price1.2894
Today Daily Change0.0066
Today Daily Change %0.51
Today daily open1.2828
 
Trends
Daily SMA201.285
Daily SMA501.2665
Daily SMA1001.2516
Daily SMA2001.2254
 
Levels
Previous Daily High1.2884
Previous Daily Low1.2798
Previous Weekly High1.3126
Previous Weekly Low1.2816
Previous Monthly High1.2848
Previous Monthly Low1.2369
Daily Fibonacci 38.2%1.2831
Daily Fibonacci 61.8%1.2851
Daily Pivot Point S11.2789
Daily Pivot Point S21.275
Daily Pivot Point S31.2703
Daily Pivot Point R11.2875
Daily Pivot Point R21.2922
Daily Pivot Point R31.2961
 

Author

More from FXStreet Team
Share:

Markets move fast. We move first.

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

By subscribing you agree to our Terms and conditions.

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 knocks ten-week highs ahead of holiday slowdown

GBP/USD found room on the high side on Monday, kicking off a holiday-shortened trading week with a fresh spat of Greenback weakness, bolstering the Pound Sterling into its highest bids in ten weeks. Pound traders are largely brushing off the latest interest rate cut from the Bank of England as the UK’s central bank policy strategy leaves the water murky for rate-cut watchers.

Gold buying remains unabated; fresh all-time peak and counting

Gold builds on the previous day's blowout rally through the $4,400 mark and continues scaling new record highs through the Asian session on Tuesday. Bets for more interest rate cuts by the US Fed, renewed US Dollar selling bias, and rising geopolitical uncertainties turn out to be key factors driving flows towards the bullion. Traders now look to the delayed release of the revised US Q3 GDP print and US Durable Goods Orders for a fresh impetus.

ETHZilla sells over 24,000 ETH, community reacts to shift away from DAT strategy

Peter Thiel-backed ETHZilla announced it sold 24,291 ETH for ~$74.5 million to redeem outstanding senior secured convertible notes. "We plan to use all, or a significant portion, of the proceeds to fund the redemption," ETHZilla noted in a Monday X post.

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.