Pound Sterling Price News and Forecast: GBP/USD ignores overbought conditions after UK data

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling ignores overbought conditions after UK data

GBP/USD preserves its bullish momentum after posting gains for five consecutive days and trades at a fresh 2025-high near 1.3250 on Tuesday. The pair's technical picture points to overbought conditions.

Pound Sterling gathered strength on Tuesday following the UK employment data. In the three months to February, the ILO Unemployment Rate held steady at 4.4%, the Office for National Statistics (ONS) reported. Further details of the publication showed that job vacancies fell below their pre-pandemic levels for the first time in nearly four years. Read more...

GBP/USD outlook: Bulls test again 1.3200 barrier, eye UK data for fresh signals

Cable remains well supported at the start of the week and extends steep ascend into fifth consecutive day.

Bulls crack 1.3200 barrier again (following last attempt and false break higher on April 3) but is likely to face headwinds at this zone again as daily indicators are entering overbought zone and traders may pull the break ahead of release of UK labor data (Tuesday) and Inflation report (Wednesday) which provide fresh signals. Read more...

Author

FXStreet Team

FXStreet

EUR/USD looks mildly offered near 1.1660 ahead of US CPI

EUR/USD faces some renewed selling pressure, always below the 1.1700 mark and navigating a tight range on the back of a decent uptick in the US Dollar. In the meantime, investors remain cautious ahead of the release of the key US inflation data tracked by the CPI.

GBP/USD challenges daily lows near 1.3460 prior to US inflation

GBP/USD struggles for direction and slips back to the lower end of the range near 1.3460 on turnaround Tuesday. Cable trades in a narrow range amid a bid bias in the Greenback ahead of the publication of the December US CPI prints.

Gold comes under pressure below $4,600, focus on US CPI

Gold prices trade with modest losses and recedes to the sub-$4,600 region on Tuesday, reversing three consecutive daily pullbacks. The yellow metal’s correction comes amid an improvement in the US Dollar prior to the release of the US inflation rate.

Privacy coins set to take the lead in 2026 as regulation accelerates demand for on-chain anonymity

The segment of privacy coins outperforms the broader cryptocurrency market, with a roughly 290% rise in 2025. The rising user count on the cryptocurrency tumbler Tornado Cash amid regulatory pushes, such as the 2025 GENIUS Act, reflects a surge in demand for privacy.

More pressure on the Federal Reserve emerges

News broke on Sunday night that the Federal Reserve received grand jury subpoenas from the Department of Justice on Friday, escalating the Trump administration's pressure on the nation's central bank.

Meme Coins Price Prediction: DOGE, SHIB, and PEPE bulls struggle to regain strength

Meme coins, including Dogecoin, Shiba Inu, and Pepe remain under extreme selling pressure, recording roughly seven days of downtrend following the January 4 spike. The meme coins risk a bearish shift in momentum as buying pressure subsides, potentially leading to further declines.