Pound Sterling Price News and Forecast: GBP/USD defends the 100-day SMA, further downside still on the horizon

FXStreet Team FXStreet

GBP/USD defends the 100-day SMA, further downside still on the horizon

The GBP/USD lost ground but managed to clear losses after finding support at a daily low of 1.2615, near the 100-day Simple Moving Average (SMA) and then settling above 1.2700. Weak economic activity from the US and the UK were the main reasons for the USD and GBP trading weak agains most of their rivals in Wednesday's session. Read More...

Pound Sterling recovers as investors' risk appetite improves

The Pound Sterling (GBP) recovered due to an upbeat market mood while the broader bias remains bearish as S&P Global reported vulnerable preliminary PMI data for August. Earlier, the GBP/USD pair dropped vertically as the UK Manufacturing PMI dropped significantly to 42.5 from estimates of 45.0 and the prior release of 45.3. This has been the lowest factory data figure since the pandemic period, which demonstrates the consequences of higher interest rates by the Bank of England (BoE). Additionally, Services PMI shifted into the contraction phase below the 50.0 threshold. The economic data landed at 48.7, lower than estimates of 50.8 and July’s reading of 51.3. Read More...

GBP/USD faces extra consolidation near term – UOB

Further side-lined trading appears likely in GBP/USD in the near term, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More...

GBP/USD

Overview
Today last price	1.2723
Today Daily Change	-0.0009
Today Daily Change %	-0.07
Today daily open	1.2732

Trends
Daily SMA20	1.2754
Daily SMA50	1.2795
Daily SMA100	1.2634
Daily SMA200	1.2388

Levels
Previous Daily High	1.28
Previous Daily Low	1.2718
Previous Weekly High	1.2788
Previous Weekly Low	1.2617
Previous Monthly High	1.3142
Previous Monthly Low	1.2659
Daily Fibonacci 38.2%	1.275
Daily Fibonacci 61.8%	1.2769
Daily Pivot Point S1	1.27
Daily Pivot Point S2	1.2668
Daily Pivot Point S3	1.2618
Daily Pivot Point R1	1.2782
Daily Pivot Point R2	1.2832
Daily Pivot Point R3	1.2864

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 stays weak near 1.3250 on resurgent USD demand

GBP/USD stays weak near 1.3250 in European trading on Tuesday, reversing a part of the previous day's advance to a one-week high. The pair ditches a three-day winning streak, undermined by the USD/JPY upsurge-led broad US Dollar rebound. US jobs data in next in focus.

EUR/USD keeps the red near 1.1400 on firmer US Dollar

EUR/USD remains in the red near 1.1400 in early Europe on Tuesday, snapping a three-day winning streak amid a firmer US Dollar. The pair trades with caution ahead of Germany's preliminary inflation readings and the US JOLTS Job Openings Survey.

Gold recovers early lost ground to YTD low; Fed hike bets and firmer USD to cap upside

Gold builds on its intraday recovery from the lowest level since November 2025, touched earlier this Tuesday, and climbs to the top end of its daily range heading into the European session. Any meaningful appreciation still seems elusive in the wake of a broadly firmer US Dollar. Against the backdrop of renewed Mideast tensions, mixed signals on US-Iran talks assist the USD to stall its recent pullback from the highest level since May 2025.

Ripple defends critical support, Stellar extends recovery

Ripple (XRP) trades around the key $1.00 psychological level, consolidating as the token awaits its next directional catalyst. Stellar (XLM) extends its recovery above $0.178 after posting modest gains at the start of this week.

US JOLTS Job Openings expected to show strong labor demand, endorsing Fed rate hike bets

The US Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey for May on Tuesday at 14:00 GMT. Job openings are expected to come in at 7.3 million in May.

Kevin Warsh isn't expected to say much in Sintra: That's exactly why markets will listen

Financial markets could find an important catalyst in the enchanting, fairytale-like landscape of Sintra this week. The ECB Forum will, as it does every year, gather the crème de la crème of central banks. The new boss at the Fed, who has clearly said that the Fed should stop explaining everything, will need to talk – and traders should listen.