Pound Sterling Price News and Forecast: GBP/USD holds ground despite overbought conditions [Video]

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling holds ground despite overbought conditions

GBP/USD extended its weekly uptrend and touched a fresh monthly high near 1.3600 before correcting lower. The pair's near-term technical outlook continues to show overbought readings as investors await mid-tier data releases.

The risk-positive market atmosphere made it difficult for the US Dollar (USD) to find demand on Wednesday and helped GBP/USD to continues to push higher. Read more...

Pound hits multi-week high as markets await GDP data

The GBP/USD pair climbed to 1.3575 on Thursday, marking a fresh three-week high. The uptick followed encouraging UK labour market data, which showed fewer job losses than anticipated in July, easing economic concerns.

Employment figures revealed a decline of just 8,000 workers—well below the forecasted 20,000—while previous months’ data was revised upwards. This suggests resilience in the labour market, despite the Labour government’s £26 billion tax hike. Read more...

GBP/USD forecast: Post-CPI breakout holds near 1.36 as Fed cut odds hit 95.8% [Video]

Sterling has extended its bullish momentum against the U.S. dollar, trading below the 1.36 level after a powerful post-CPI surge. The rally unfolded in a sequence that blended liquidity concepts with macro fundamentals, particularly, CPI as the catalyst for upside. Read more...

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD moves sideways below 1.1800 on Christmas Eve

EUR/USD struggles to find direction and trades in a narrow channel below 1.1800 after posting gains for two consecutive days. Bond and stock markets in the US will open at the usual time and close early on Christmas Eve, allowing the trading action to remain subdued.

GBP/USD keeps range around 1.3500 amid quiet markets

GBP/USD keeps its range trade intact at around 1.3500 on Wednesday. The Pound Sterling holds the upper hand over the US Dollar amid pre-Christmas light trading as traders move to the sidelines heading into the holiday season.

Gold retreats from record highs, trades below $4,500

Gold retreats after setting a new record-high above $4,520 earlier in the day and trades in a tight range below $4,500 as trading volumes thin out ahead of the Christmas break. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.