Pound Sterling Price News and Forecast: GBP/USD could retest an initial support

FXStreet Team FXStreet

GBP/USD Price Forecast: Rebounds from levels near three-month lows, 1.3200

GBP/USD inches higher after four days of losses, trading around 1.3270 during the Asian hours on Monday. The technical analysis of the daily chart indicates a persistent bearish bias, as the pair remains within the descending channel pattern.

The near-term bias is mildly bearish as the GBP/USD pair holds below both the nine-day and 50-day Exponential Moving Averages (EMAs), which continue to cap recovery attempts and frame a declining short-term trend. Additionally, the latest 14-day Relative Strength Index (RSI) reading near 41 stays below the 50 mid-line, confirming persistent downside momentum rather than exhaustion, while the sequence of lower closes over recent sessions reinforces selling pressure on upticks. Read more...

Pound Sterling declines against US Dollar as US ground invasion plans underpin risk-off mood

The Pound Sterling (GBP) trades lower against the US Dollar (USD) at around 1.3240 in the opening trade at the start of the week, the lowest level seen in almost two weeks. The GBP/USD pair faces selling pressure as fears of a potential United States (US) ground invasion in Iran have weighed on demand for riskier assets.

During the press time, S&P 500 futures are 0.5% down, reflecting a dismal market sentiment. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, extends its winning streak for the fifth trading day on Monday, rising to near 100.35. Read more...

GBP/USD Weekly Forecast: Pound Sterling remains vulnerable amid Mideast crisis

The Pound Sterling (GBP) showed some resilience against the US Dollar (USD), holding gains from the previous week’s recovery, when the Bank of England (BoE) opted for a hawkish hold. The pair’s outlook remains mildly bearish as US-Iran talks on a potential de-escalation or ceasfire remain clouded in uncertainty.

GBP/USD extended its bearish consolidation phase into a second straight week as the bull-bear tug-of-war continued in the face of looming risks surrounding the Middle East war and renewed expectations of BoE rate hikes this year. Read more...

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FXStreet Team

FXStreet

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GBP/USD flirts with tops near 1.3470

GBP/USD manages to regain composure and challenge the area of daily highs around 1.3470 on Friday. Cable picks up pace despite marginal gains in the Greenback in a context of swelling geopolitical tensions and rising global oil prices.

EUR/USD struggles above 1.1500 despite USD weakness

EUR/USD struggles with its recovery above 1.1500 in European trading on Monday, despite broad US Dollar weakness and improved risk sentiment. The USD loses traction following US President Trump's call off an attack on Iran and that talks between the two sides would happen on Monday. Traders will closely monitor the developments surrounding US-Iran negotiations and US ISM PMI data.

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Week ahead: US payrolls report and AI earnings to keep investors on edge

After the Fed decision, NFP report awaited for more rate hike clues. Employment also on the agenda in Canada and New Zealand. Chinese trade and Japanese wage data to be watched too. But Iran and AI headlines to remain in driver’s seat for risk sentiment.

Solana risks a steeper decline below $70 despite steady ETF inflows

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