Pound Sterling Price News and Forecast: GBP/USD extends the previous session’s gains on Thursday

FXStreet Team FXStreet

GBP/USD keeps an eye for 1.3700 amid USD weakness

The GBP/USD pair extends gains on Thursday. The pair touched a high of 1.3667 in the previous session composed of nearly 100-pips movement. At the time of writing, GBP/USD is trading at 1.3667, up 0.03% for the day. The US benchmark 10-year Treasury yields recovered to trade at 1.58% before falling to 1.54% on Wednesday following the higher September inflation data and FOMC minutes.

GBP/USD

Overview
Today last price	1.3669
Today Daily Change	0.0009
Today Daily Change %	0.07
Today daily open	1.366

Trends
Daily SMA20	1.3623
Daily SMA50	1.3727
Daily SMA100	1.3829
Daily SMA200	1.3844

Levels
Previous Daily High	1.3665
Previous Daily Low	1.3576
Previous Weekly High	1.3659
Previous Weekly Low	1.3532
Previous Monthly High	1.3913
Previous Monthly Low	1.3412
Daily Fibonacci 38.2%	1.3631
Daily Fibonacci 61.8%	1.361
Daily Pivot Point S1	1.3602
Daily Pivot Point S2	1.3544
Daily Pivot Point S3	1.3513
Daily Pivot Point R1	1.3692
Daily Pivot Point R2	1.3723
Daily Pivot Point R3	1.3781

Sterling gaining ground as UK growth rebounds

Rising UK growth and output in August has helped drive GBP outperformance. Meanwhile, commodity stocks remain a major focus, with nuclear a potential solution as a lack of fossil fuel investments bring near-term shortfalls and rising prices. A mixed affair for European markets this morning, with the FTSE 100 lagging its mainland counterparts as commodity stocks head lower.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.