Pound Sterling Price News and Forecast: GBP/USD holds lower grounds after a volatile day

FXStreet Team FXStreet

GBP/USD remains pressured around 1.0250 amid growth fears, UK Retail Sales eyed

GBP/USD bears flex muscles around 1.0250, after retaking control following a brief bounce after the Fed Minutes. That said, the cable pair’s inaction could be attributed to the lack of major data/events during Thursday’s initial Asian session. It’s worth noting that the quote poked weekly top after the UK inflation data but failed to remain firmer amid fears that higher price pressure could lead to recession.

GBP/USD

Overview
Today last price	1.2045
Today Daily Change	-0.0004
Today Daily Change %	-0.03
Today daily open	1.2049

Trends
Daily SMA20	1.2113
Daily SMA50	1.2109
Daily SMA100	1.2394
Daily SMA200	1.2891

Levels
Previous Daily High	1.2144
Previous Daily Low	1.2028
Previous Weekly High	1.2277
Previous Weekly Low	1.2048
Previous Monthly High	1.2246
Previous Monthly Low	1.176
Daily Fibonacci 38.2%	1.2072
Daily Fibonacci 61.8%	1.2099
Daily Pivot Point S1	1.2004
Daily Pivot Point S2	1.1958
Daily Pivot Point S3	1.1888
Daily Pivot Point R1	1.2119
Daily Pivot Point R2	1.2189
Daily Pivot Point R3	1.2234

GBP/USD bulls correcting the price towards 1.2050 into the FOMC minutes

GBP/USD is under pressure in midday New York trade. Cable was last down 0.39% on the day at 1.2046 and has fallen from a high of 1.2142 and met a low of 1.2027 from where it is correcting currently. Markets have been digesting plenty of data this week in the build-up to the Federal Reserve's minutes from its July meeting.

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.

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.