Pound Sterling Price News and Forecast: GBP/USD climbs to fresh 10-week highs on Wednesday

FXStreet Team FXStreet

GBP/USD climbs to fresh 10-week highs on Wednesday

GBP/USD coasted into a fresh 10-week high on Wednesday, clipping the 1.2700 handle for the first time since mid-December as hopeful bulls bid Cable higher for no other reason than there doesn't seem to be any bad news on the horizon, at least for now. Read More...

Pound Sterling edges lower against USD as US House passes Trump's tax cut bill

The Pound Sterling (GBP) ticks lower to near 1.2660 against the USD in North American trading hours on Wednesday. The GBP/USD pair faces slight pressure as the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, has shown a strong recovery move after sliding to near the 11-week low of 106.10 earlier in the day. Read More...

GBP/USD Price Forecast: Tests 1.2650 support near nine-day EMA

The GBP/USD pair gives up part of its recent gains from the prior session, hovering around 1.2650 during Wednesday’s Asian session. Despite this pullback, technical analysis of the daily chart indicates a sustained bullish outlook, as the pair remains within an ascending channel pattern. Read More...

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EUR/USD eases below 1.1700 after EU inflation data

EUR/USD has come under mild selling pressure below 1.1700 in European trading hours on Wednesday. The pair faces headwinds from softer Eurozone inflation data, which weigh on the Euro. Meanwhile, the US Dollar struggles ahead of US jobs report.

GBP/USD hovers around 1.3500 ahead of US data

GBP/USD loses ground to gyrate around 1.3500 on Wednesday after registering modest gains in the previous session. The pair treads water as the US Dollar struggles ahead of the US ADP Employment Change, JOLTS Job Openings and ISM Services Purchasing Managers’ Index due later in the day.

Gold remains depressed below $4,500 as key US macro data looms

Gold trims a part of its intraday losses, though it retains its negative bias through the first half of the European session on Wednesday and remains well below the $4,500 psychological mark. As investors digest the recent US attack on Venezuela, the underlying bullish sentiment turns out to be a key factor that prompted some profit-taking around the precious metal.

ADP Employment Report set to show moderate rebound in December after November’s drop

The Automatic Data Processing Research Institute will release its monthly Employment Change Report for December on Wednesday. The ADP report is expected to show that the United States economy created 45,000 jobs in the last month of 2025, to offset the 32.000 net employment loss seen in November.

Implications of US intervention in Venezuela

Events in Venezuela are top of mind for market participants, and while developments are associated with an elevated degree of uncertainty, we are not making any changes to our markets or economic forecasts as a result of the deposition of Nicolás Maduro.

Aave Price Forecast: AAVE eyes bullish breakout as on-chain and derivatives data turns supportive

Aave (AAVE) price hovers around $172 on Wednesday, nearing the upper trendline of the falling parallel channel pattern. A break above this technical pattern favors the bulls.