Pound Sterling Price News and Forecast: GBP/USD bulls printing fresh bull cycle highs

FXStreet Team FXStreet

GBP/USD bulls printing fresh bull cycle highs

GBP/USD is a touch higher on Thursday as the US Dollar slides deeper into what might be regarded as a meanwhile critical supporting area on the DXY´s daily chart. The price has traveled between a low of 1.2477 and a high of 1.2537 on the day so far and at the time of writing, the price is perched near the highs of the day at 1.2530, up 0.37%. Read More...

GBP/USD jumps to 1.2535 area, highest since June 2022 amid notable USD supply

The GBP/USD pair gains positive traction for the third successive day on Thursday and climbs to the 1.2530 area, or its highest level since June 2022, during the early North American session. Read More...

GBP/USD: Down a few pips below 1.2500 on unimpressive UK statistics

GBP/USD renews its intraday low near 1.2480 as the UK’s data dump for February marks mostly downbeat numbers during early Thursday in London. Adding strength to the Cable pair’s pullback moves could be the US Dollar’s corrective bounce amid a sluggish session and a light calendar. Read More...

GBP/USD

Overview
Today last price	1.253
Today Daily Change	0.0047
Today Daily Change %	0.38
Today daily open	1.2483

Trends
Daily SMA20	1.2338
Daily SMA50	1.216
Daily SMA100	1.2174
Daily SMA200	1.1909

Levels
Previous Daily High	1.2495
Previous Daily Low	1.2399
Previous Weekly High	1.2525
Previous Weekly Low	1.2275
Previous Monthly High	1.2424
Previous Monthly Low	1.1803
Daily Fibonacci 38.2%	1.2458
Daily Fibonacci 61.8%	1.2436
Daily Pivot Point S1	1.2422
Daily Pivot Point S2	1.2362
Daily Pivot Point S3	1.2326
Daily Pivot Point R1	1.2519
Daily Pivot Point R2	1.2556
Daily Pivot Point R3	1.2616

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD defends 1.3300 after strong UK PMI data

Following Thursday's sharp decline, GBP/USD clings to small gains above 1.3300 in the American session on Friday, supported by the upbeat UK Retail Sales and July PMI data. Nevertheless, the pair's upside remains capped as investors cling to a cautious stance amid a further escalation of tensions in the Middle East. The US July PMI data failed to trigger relevant price action.

EUR/USD remains below 1.1400 after mixed US PMIs

EUR/USD pressures daily lows below the 1.1400 mark in the American session on Friday. Mixed S&P Global PMIs, as manufacturing output contracted while services activity expanded in July, triggered no relevant market reaction. The focus remains in Middle East developments and inflation-related concerns.

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Week ahead: Fed, BoE and BoJ face inflation test as markets reprice interest rate paths

The US dollar gained against the other major currencies this week amid the escalating tensions in the Middle East as well as US President Trump’s decision to proceed with a new round of tariffs after previously imposed levies expired.

Australian Dollar outlook: Chances of another rally won’t be decided in Canberra, but in Washington

The Australian Dollar rode a rollercoaster in the first half of the year, hitting a four-year high and then correcting. The currency enters the second half with an outlook full of uncertainty due to renewed hostilities in the Middle East, which clouds the inflation outlook and interest rates.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.