Pound Sterling Price News and Forecast: GBP/USD could extend slide once 1.3600 is confirmed

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling could extend slide once 1.3600 is confirmed as resistance

GBP/USD recovered after setting a two-week low and closed virtually unchanged on Tuesday. The pair moves up and down in a narrow band at around 1.3600 midweek, while the technical picture doesn't offer any signs of a steady recovery.

The uncertainty surrounding the United States' trade relations and their potential impact on growth and inflation outlook causes markets to cling to a cautious stance. In turn, the US Dollar (USD) finds demand as a safe-haven and stays resilient against its rivals. Read more...

Pound Sterling flattens against US Dollar, Trump delivers fresh tariff threats

The Pound Sterling (GBP) trades calmly around 1.3600 against the US Dollar during European trading hours on Wednesday, with the GBP/USD pair broadly stable after United States (US) President Donald Trump threatened a series of new tariffs on Tuesday.

At the time of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades at 97.50, broadly stable on the day and not far from the weekly high of around 97.80. Read more...

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EUR/USD slumps below 1.1750 as USD benefits from risk-aversion

EUR/USD comes under renewed bearish pressure in the European session and trades below 1.1750 following a recovery attempt earlier in the day. The US Dollar gathers strength and weighs on the pair as investors seek refuge in the wake of Israel and the United States' joint attack on Iran.

GBP/USD targets 1.3500 barrier near moving averages

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold surges on safe-haven demand, tests $5,400

Gold benefits from intense risk-aversion on Monday and climbs to the $5,400 region, setting a fresh monthly-high in the process. Tensions in the Middle East remain high as Israel and Hezbollah continue to exchange strikes following the US-Israel joint attack on Iran over the weekend.

Bitcoin on brink of breakdown amid US-Iran war

Bitcoin (BTC) remains under pressure near the key support level of $65,700. Trading at $66,400 at the time of writing on Monday, a breakdown below this critical level would suggest a deeper correction ahead.

The week ahead: Conflict in the Middle East jolts markets

Events in the Middle East are obviously dominating financial markets this morning. The Brent crude oil price is extending gains and is higher by more than 8%, stock futures are pointing lower and the gold price is higher by more than 2%.

Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

Pi Network hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.