|

Pound Sterling Price News and Forecast: GBP/USD drops below 1.2400

GBP/USD drops below 1.2400, defying speculations of imminent BoE rate hike next week

The Pound Sterling (GBP) continues to weaken against the US Dollar (USD) for the second consecutive day after a tranche of positive US economic data bolstered the Greenback. Hence, the GBP/USD is set to finish the week with losses, exchanging hands at 1.2397, below its 200-day Moving Average (DMA). Read More...

Pound Sterling recovery falters as recession risks deepen

The Pound Sterling (GBP) recovery fades due to the upside risks of the global economic slowdown. The asset retreats as the broader trend is bearish due to bleak economic fundamentals. The GBP/USD pair could resume the downside journey as the tight interest rate policy by the Bank of England (BoE) has dampened the labor demand outlook and has exposed the economy to a possible recession. Read More...
 

GBP/USD: Risk extra retracements in the near term – UOB

UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang suggest there is still room for further weakness in GBP/USD in the next few weeks. Read More...

GBP/USD

Overview
Today last price1.2385
Today Daily Change-0.0024
Today Daily Change %-0.19
Today daily open1.2409
 
Trends
Daily SMA201.2595
Daily SMA501.2742
Daily SMA1001.2655
Daily SMA2001.2432
 
Levels
Previous Daily High1.2506
Previous Daily Low1.2397
Previous Weekly High1.2643
Previous Weekly Low1.2446
Previous Monthly High1.2841
Previous Monthly Low1.2548
Daily Fibonacci 38.2%1.2438
Daily Fibonacci 61.8%1.2464
Daily Pivot Point S11.2368
Daily Pivot Point S21.2328
Daily Pivot Point S31.2259
Daily Pivot Point R11.2478
Daily Pivot Point R21.2547
Daily Pivot Point R31.2587
 

Author

More from FXStreet Team
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

EUR/USD tests nine-day EMA support near 1.1750

EUR/USD loses ground for the fourth consecutive session, trading around 1.1760 during the Asian hours on Monday. On the daily chart, technical analysis indicates a weakening bullish bias, as the pair tests to break below the lower boundary of the ascending channel pattern.

GBP/USD softens below 1.3500 but retains positive technical outlook

The GBP/USD pair loses momentum near 1.3485 during the early European session on Monday, pressured by renewed US Dollar demand. The potential downside for a major pair might be limited, as the Bank of England guided that monetary policy will remain on a gradual downward path.

Gold pulls back from record high as profit-taking sets in

Gold price retreats from a record high near $4,550 during the early European trading hours on Monday as traders book some profits ahead of holidays. A renewed US Dollar could also weigh on the precious metal, as it makes Gold more expensive for non-US buyers, pressuring prices.

Bitcoin, Ethereum, and XRP bulls regain strength

Bitcoin, Ethereum, and Ripple record roughly 3% gains on Monday, regaining strength mid-holiday season. Despite thin liquidity in the holiday season, BTC and major altcoins are regaining strength as US President Donald Trump pushes peace talks between Russia and Ukraine. The technical outlook for Bitcoin, Ethereum, and Ripple gradually shifts bullish as selling pressure wanes.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.