Pound Sterling Price News and Forecast: GBP/USD continuing to slide, testing waters below 1.2250

FXStreet Team FXStreet

GBP/USD continuing to slide, testing waters below 1.2250

The GBP/USD is looking for further downside to end the trading week, probing chart space below 1.2250 heading into the final hours of Friday's trading session. Read More...

Pound Sterling rebounds as consumer spending improves

The Pound Sterling (GBP) finds offers while attempting to extend recovery as investors see no change in the current policy divergence between the Federal Reserve and the Bank of England (BoE). The GBP/USD pair looks set to test its six-month low as BoE policymakers have shifted their focus to safeguarding the economy from recession risks. Read More...

UK Preliminary Services PMI declines to 47.2 in September vs. 49.5 expected

The seasonally adjusted S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) unexpectedly advanced to 44.2 in September versus the 43.0 expected and, 43.0 - August’s final print. Read More...

GBP/USD

Overview
Today last price	1.2242
Today Daily Change	-0.0056
Today Daily Change %	-0.46
Today daily open	1.2298

Trends
Daily SMA20	1.2507
Daily SMA50	1.2683
Daily SMA100	1.2647
Daily SMA200	1.2434

Levels
Previous Daily High	1.2352
Previous Daily Low	1.2235
Previous Weekly High	1.2548
Previous Weekly Low	1.2379
Previous Monthly High	1.2841
Previous Monthly Low	1.2548
Daily Fibonacci 38.2%	1.228
Daily Fibonacci 61.8%	1.2307
Daily Pivot Point S1	1.2238
Daily Pivot Point S2	1.2179
Daily Pivot Point S3	1.2122
Daily Pivot Point R1	1.2355
Daily Pivot Point R2	1.2411
Daily Pivot Point R3	1.2471

Author

FXStreet Team

FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.