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Pound Sterling Price News and Forecast: GBP/USD experiences a significant uptick

FXStreet Team FXStreet

GBP/USD rallies above 1.2700 amid speculations of Fed’s easing cycle, soft US Dollar

GBP/USD climbed more than 90 pips late during Friday’s North American session, or 0.70%, after reaching a daily low of 1.2609. Speculations that the Federal Reserve has finished its tightening cycle sparked more than 100 basis points of cuts by the Fed next year, a headwind for the Greenback. The pair is trading at 1.2711.

The main reason behind the GBP/USD’s advance is a softer greenback. Even though the US Federal Reserve’s Chairman Jerome Powell pushed back against rate cut expectations, he wasn’t unable to move the needle and boost the US Dollar, which measured by the US Dollar Index, which measures the currency against six other peers, dropped 0.38%, at 103.12. Read more...

GBP/USD: Loss of support around 1.2600/1.2605 should see losses extend towards the mid-1.25s – Scotiabank

GBP/USD holds above 1.26. Economists at Scotiabank analyze the pair’s outlook. Read more...

GBP/USD

Overview
Today last price	1.2711
Today Daily Change	0.0087
Today Daily Change %	0.69
Today daily open	1.2624

Trends
Daily SMA20	1.2457
Daily SMA50	1.2289
Daily SMA100	1.2486
Daily SMA200	1.2468

Levels
Previous Daily High	1.2711
Previous Daily Low	1.2604
Previous Weekly High	1.2616
Previous Weekly Low	1.2446
Previous Monthly High	1.2733
Previous Monthly Low	1.2096
Daily Fibonacci 38.2%	1.2644
Daily Fibonacci 61.8%	1.267
Daily Pivot Point S1	1.2581
Daily Pivot Point S2	1.2539
Daily Pivot Point S3	1.2474
Daily Pivot Point R1	1.2688
Daily Pivot Point R2	1.2753
Daily Pivot Point R3	1.2796

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.

EUR/USD gathers strength to near 1.1550 ahead of ECB rate decision

The EUR/USD pair trades in positive territory near 1.1540 during the early Asian trading hours on Thursday. Rising bets that the European Central Bank will deliver a rate hike at its June policy meeting later on Thursday underpin the Euro against the Greenback.

GBP/USD is hawkish for all the wrong reasons

Pound Sterling was handed a gift on Wednesday and dropped it within the hour. A soft core reading inside the US Consumer Price Index report knocked the Dollar back just long enough for GBP/USD to reclaim the 200-day Exponential Moving Average around 1.3400, tagging session highs just beyond it before the entire move was methodically sold through the US afternoon to a close at the day's lows near 1.3350.

Gold recovers slightly from November 2025 lows; not out of the woods yet

Gold extends the recent breakdown momentum below the 200-day SMA and plummets to its lowest level since November 2025 during the Asian session on Thursday. Renewed hostilities between the US and Iran push Crude Oil prices higher, reviving inflationary concerns and bolstering bets for more hawkish central banks. This continues to drive flows away from the non-yielding bullion, though subdued US Dollar demand helps spot prices to find some support ahead of the $4,000 psychological mark.

CFTC proposes framework to review terrorism, war, assassination-related contracts on prediction markets

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From sizzle to fizzle: Tech sinks as Oil puts the Fed tail back on the table

Wall Street was not hit by one punch. It was caught between three swinging doors at the same time: a renewed technology unwind, a fresh geopolitical oil bid, and a wave of equity supply that is starting to look less like capital formation and more like a liquidity test for the entire AI complex.

The US economy defies the rules: 100 days into the Oil shock and the recession signal is still missing

More than three months after the start of the Iran war and the resulting disruption to global energy markets, the US economy continues to display remarkable resilience. The conflict has triggered a sharp rise in Oil prices, reignited inflationary pressures and fueled widespread concerns about a potential economic slowdown.

Pound Sterling Price News and Forecast: GBP/USD experiences a significant uptick

GBP/USD rallies above 1.2700 amid speculations of Fed’s easing cycle, soft US Dollar

GBP/USD: Loss of support around 1.2600/1.2605 should see losses extend towards the mid-1.25s – Scotiabank

GBP/USD

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EUR/USD gathers strength to near 1.1550 ahead of ECB rate decision

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From sizzle to fizzle: Tech sinks as Oil puts the Fed tail back on the table

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GBP/USD rallies above 1.2700 amid speculations of Fed’s easing cycle, soft US Dollar

GBP/USD: Loss of support around 1.2600/1.2605 should see losses extend towards the mid-1.25s – Scotiabank

GBP/USD

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