Pound Sterling Price News and Forecast: GBP/USD – Flat-lines above 1.2600 mark, bullish potential intact

FXStreet Team FXStreet

GBP/USD Forecast: 1.2550 aligns as next bearish target

GBP/USD has reversed its direction and declined to the 1.2600 area in the European morning on Tuesday after having touched its highest level in nearly a year at 1.2670 on Monday. The pair's near-term technical outlook suggests that the downward correction could continue in the near term.

Markets remain cautious early Tuesday with the UK's FTSE 100 Index trading modestly lower on the day following a three-day weekend. Furthermore, US stock index futures are down nearly 0.4%, pointing to a negative opening in Wall Street's main indexes. Read more ...

GBP/USD Price Analysis: Flat-lines above 1.2600 mark, bullish potential intact

The GBP/USD pair struggles to gain any meaningful traction and seesaws between tepid gains/minor losses through the early European session on Tuesday. The pair is currently placed around the 1.2620 region and remains well within the striking distance of a one-year high touched the previous day.

The US Dollar (USD) gains some positive traction for the second successive day amid easing fears of a full-blown banking crisis in the US and turns out to be a key factor acting as a headwind for the GBP/USD pair. Apart from this, a generally weaker tone around the equity markets further benefits the safe-haven buck, though speculations that the Federal Reserve (Fed) is nearing the end of its rate-hiking cycle caps the upside. Read more ...

GBP/USD eyes fresh year high above 1.2600 amid hawkish BoE bets, US default woes

GBP/USD renews its intraday high near 1.2635 as it reverses the previous day’s corrective pullback from the multi-month top heading into Tuesday’s London open.

The Cable pair buyers took a breather amid the UK holiday on Monday, which in turn portrayed the quote’s retreat from the highest levels since April 2022. However, fresh optimism surrounding the Bank of England’s (BoE) optimism, coupled with the US Dollar’s failure to defend the latest gains, recall the Pound Sterling buyers. Read more...

GBP/USD

Overview
Today last price	1.2601
Today Daily Change	-0.0018
Today Daily Change %	-0.14
Today daily open	1.2619

Trends
Daily SMA20	1.2487
Daily SMA50	1.2313
Daily SMA100	1.223
Daily SMA200	1.1952

Levels
Previous Daily High	1.2669
Previous Daily Low	1.2613
Previous Weekly High	1.2652
Previous Weekly Low	1.2436
Previous Monthly High	1.2584
Previous Monthly Low	1.2275
Daily Fibonacci 38.2%	1.2634
Daily Fibonacci 61.8%	1.2648
Daily Pivot Point S1	1.2598
Daily Pivot Point S2	1.2578
Daily Pivot Point S3	1.2542
Daily Pivot Point R1	1.2654
Daily Pivot Point R2	1.2689
Daily Pivot Point R3	1.271

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 stays below 1.1400 after soft German inflation data

EUR/USD stays on the back foot and trades in negative territory below 1.1400 on Tuesday, looking to snap a three-day winning streak amid a firmer US Dollar. Softer-than-expected June inflation readings from Germany make it even more difficult for the Euro to stay resilient against the USD.

Gold rebounds after hitting fresh 2026-low, trades above $4,000

Gold (XAU/USD) builds on its intraday recovery from the lowest level since November 2025, touched below $3,950 earlier this Tuesday, and trades marginally higher on the day above $4,000. 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 and limit XAU/USD's upside.

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.