Pound Sterling Price News and Forecast: GBP/USD hits a three-week low below 1.2400 on robust US data

FXStreet Team FXStreet

GBP/USD hits a three-week low below 1.2400 on robust US data

GBP/USD prolongs its falls past the 1.2400 figure, reaching a new three-week low at around 1.2397, as the Pound Sterling takes a hit, taking advantage of a light economic calendar in the United Kingdom (UK). Fears of a possible default in the United States (US) are fading, as talks between US Congress leaders and the White House showed hope that an agreement would emerge before June 1. The GBP/USD is trading at 1.2423 after hitting a daily high of 1.2492. Read More...

GBP/USD Price Analysis: Hits fresh multi-week low, bears await a break below 50-day SMA

The GBP/USD pair comes under intense selling pressure on Thursday and drops to over a three-week low, around the 1.2415-1.2410 region during the early North American session. Read More...

GBP/USD: A breach of 1.2400 should not be ruled out – UOB

In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBP/USD could retreat further and break below the 1.2400 support in the near term. Read More...

GBP/USD

Overview
Today last price	1.2396
Today Daily Change	-0.0091
Today Daily Change %	-0.73
Today daily open	1.2487

Trends
Daily SMA20	1.2519
Daily SMA50	1.2393
Daily SMA100	1.2263
Daily SMA200	1.1966

Levels
Previous Daily High	1.251
Previous Daily Low	1.2422
Previous Weekly High	1.268
Previous Weekly Low	1.244
Previous Monthly High	1.2584
Previous Monthly Low	1.2275
Daily Fibonacci 38.2%	1.2456
Daily Fibonacci 61.8%	1.2476
Daily Pivot Point S1	1.2436
Daily Pivot Point S2	1.2384
Daily Pivot Point S3	1.2347
Daily Pivot Point R1	1.2524
Daily Pivot Point R2	1.2562
Daily Pivot Point R3	1.2613

Author

FXStreet Team

FXStreet

EUR/USD ticks higher to near 1.1800 ahead of flash German inflation data

The EUR/USD pair trades marginally higher to near 1.1810 in the late Asian trading session on Friday, ahead of the release of preliminary inflation data for February from Germany and its major states during the day.

GBP/USD struggles to lure buyers amid UK political drama, BoE easing bias

The GBP/USD pair struggles to build on the overnight modest bounce from the 1.3445 area, or the weekly low, and oscillates in a narrow band during the Asian session on Friday. Spot prices currently trade just below the 1.3500 psychological mark, nearly unchanged for the day, and seem vulnerable to slide further.

Gold awaits acceptance above $5,200 and US PPI data

Gold consolidates previous rebound near $5,200 amid risk-off markets, awaiting US PPI release. The US Dollar eyes a flattish weekly close as dovish Fed outlook and tariff woes outweigh geopolitical risks. Gold yearns for acceptance above $5,200 to resume the uptrend, with a bullish RSI 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.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

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.