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Pound Sterling Price News and Forecast: GBP/USD eyes 1.2200 mark ahead of BoE meeting

FXStreet Team FXStreet

GBP/USD steadily climbs back closer to weekly top, eyes 1.2200 mark ahead of BoE meeting

The GBP/USD pair is seen building on the previous day's bounce from sub-1.2100s and gaining some follow-through positive traction during the Asian session on Thursday. The momentum lifts spot prices to the top end of the weekly range, closer to the 1.2200 round figure, and is sponsored by a modest US Dollar (USD) weakness. Read More...

GBP/USD

Overview
Today last price	1.219
Today Daily Change	0.0039
Today Daily Change %	0.32
Today daily open	1.2151

Trends
Daily SMA20	1.2184
Daily SMA50	1.2317
Daily SMA100	1.2557
Daily SMA200	1.2436

Levels
Previous Daily High	1.2165
Previous Daily Low	1.2096
Previous Weekly High	1.2289
Previous Weekly Low	1.207
Previous Monthly High	1.2337
Previous Monthly Low	1.2037
Daily Fibonacci 38.2%	1.2122
Daily Fibonacci 61.8%	1.2138
Daily Pivot Point S1	1.211
Daily Pivot Point S2	1.2068
Daily Pivot Point S3	1.2041
Daily Pivot Point R1	1.2179
Daily Pivot Point R2	1.2206
Daily Pivot Point R3	1.2247

GBP/USD remains negative as Fed holds rates unchanged ahead of Powell’s press conference

The GBP/USD oscillates at around 1.2108 after the US Federal Reserve (Fed) decided to keep rates unchanged at the 5.25% - 5.50% range and said it is prepared to adjust its policy stance “as appropriate.” Read More...

Pound Sterling recovers as weak US data improves appeal for risk-sensitive assets

The Pound Sterling (GBP) delivers a vertical recovery as the weak US economic data has improved the risk appetite of the market participants. Investors still await a major action ahead of monetary policy decisions from both the US Federal Reserve (Fed) and the Bank of England (BoE). The GBP/USD pair remains on tenterhooks as investors expect that the BoE will keep interest rates unchanged. Read More...

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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 slides below 1.3250 after failing to break through 23.6% Fibo

The GBP/USD pair meets with a fresh supply during the Asian session on Wednesday and moves away from a nearly two-week high around the 1.3275 region, touched the previous day. Spot prices currently trade around the 1.3235 zone, down 0.20% for the day, as traders look to speeches from Bank of England Governor Andrew Bailey and Federal Reserve Chair Kevin Warsh for a fresh impetus.

EUR/USD keeps losses near 1.1400 ahead of Eurozone inflation data

EUR/USD keeps the offered tone intact near 1.1400 in early Europe on Wednesday, pressured by receding bets for aggressive tightening by the European Central Bank (ECB). Traders will take more cues from the preliminary reading of the Eurozone's Harmonized Index of Consumer Prices and the US Manufacturing PMI report due later in the day.

Gold sticks to bearish bias below $4,000 amid Fed hike bets and Iran risks

Gold attracts fresh sellers following the previous day's good two-way price swings, and weakens further below the $4,000 psychological mark through the Asian session. This marks the third straight day of a slide and keeps the precious metal closer to its lowest level since November 2025. Moreover, a bullish US Dollar suggests that the path of least resistance for the bullion is to the downside.

Solana: Retail confidence backs SOL testing 50-day EMA breakout near $75

Solana price extends gains, testing the 50-day Exponential Moving Average around $75.00. Although institutional demand for Solana remains weak, stabilizing retail confidence, with rising funding rates and steady Open Interest, supports the mild recovery. The technical outlook for SOL shifts mildly bullish, projecting a potential breakout rally toward the $100 mark.

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 European Central Bank Forum will, as it does every year, gather the crème de la crème of central banks. The new boss at the Federal Reserve, who has clearly said that the Fed should stop explaining everything, will need to talk – and traders should listen.

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.

Pound Sterling Price News and Forecast: GBP/USD eyes 1.2200 mark ahead of BoE meeting

GBP/USD steadily climbs back closer to weekly top, eyes 1.2200 mark ahead of BoE meeting

GBP/USD

GBP/USD remains negative as Fed holds rates unchanged ahead of Powell’s press conference

Pound Sterling recovers as weak US data improves appeal for risk-sensitive assets

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GBP/USD slides below 1.3250 after failing to break through 23.6% Fibo

EUR/USD keeps losses near 1.1400 ahead of Eurozone inflation data

Gold sticks to bearish bias below $4,000 amid Fed hike bets and Iran risks

Solana: Retail confidence backs SOL testing 50-day EMA breakout near $75

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

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

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GBP/USD steadily climbs back closer to weekly top, eyes 1.2200 mark ahead of BoE meeting

GBP/USD

GBP/USD remains negative as Fed holds rates unchanged ahead of Powell’s press conference

Pound Sterling recovers as weak US data improves appeal for risk-sensitive assets

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