Pound Sterling Price News and Forecast GBP/USD: Investors eye Brexit headlines as next catalyst

FXStreet Team FXStreet

GBP/USD plummets down to 1.3420 post-US CPI figures, amid increasing Brexit tensions

The British pound reverses this week’s gains and some more, plummeting 160 pips during the day, down almost 1%, trading at 1.3426 at the time of writing. Since the beginning of the week, the GBP/USD pair trimmed last Friday’s losses, bouncing from 1.3400 to this week’s high (November 9) at 1.3606, amid the lack of a catalyst, mainly driven by US dollar weakness. Also, lower US bond yields dragged the greenback lower, ahead of the critical US CPI release. Read more...

GBP/USD

Overview
Today last price	1.3407
Today Daily Change	-0.0152
Today Daily Change %	-1.12
Today daily open	1.3559

Trends
Daily SMA20	1.369
Daily SMA50	1.3693
Daily SMA100	1.3754
Daily SMA200	1.3848

Levels
Previous Daily High	1.3607
Previous Daily Low	1.3524
Previous Weekly High	1.3698
Previous Weekly Low	1.3424
Previous Monthly High	1.3834
Previous Monthly Low	1.3434
Daily Fibonacci 38.2%	1.3556
Daily Fibonacci 61.8%	1.3576
Daily Pivot Point S1	1.352
Daily Pivot Point S2	1.3481
Daily Pivot Point S3	1.3437
Daily Pivot Point R1	1.3603
Daily Pivot Point R2	1.3647
Daily Pivot Point R3	1.3686

GBP/USD: Five scenarios for trading UK Q3 growth figures + technical levels

Will the Bank of England raise rates in December? That is a critical question for the pound, and Gross Domestic Product figures for the third quarter could provide a signal. Economists expect an increase of 1.5% after a rapid expansion of 5.5% in the second quarter. Uncertainty is elevated. Read more...

GBP/USD Forecast: Investors eye Brexit headlines as next catalyst

GBP/USD remains at the mercy of the dollar's market valuation as heightened concerns over the UK triggering Article 16 don't allow the British pound to find demand. Following Monday's decisive rebound, GBP/USD failed to reclaim 1.3600 with the greenback holding its ground against its major rivals amid the negative shift witnessed in market sentiment. Reflecting the dollar's resilience, the US Dollar Index trades in the positive territory above 94.00 in the early European session on Wednesday. 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 recovers to 1.1750 region as 2025 draws to a close

Following the bearish action seen in the European session on Wednesday, EUR/USD regains its traction and recovery to the 1.1750 region. Nevertheless, the pair's volatility remains low as trading conditions thin out on the last day of the year.

GBP/USD stays weak near 1.3450 on modest USD recovery

GBP/USD remains under modest beairsh pressure and fluctuates at around 1.3450 on Wednesday. The US Dollar finds fresh demand due to the end-of-the-year position adjustments, weighing on the pair amid the pre-New Year trading lull.

Gold retreats to $4,300 area, looks to post monthly gains

Gold stays on the back foot on the last day of 2025 and trades near $4,300, possibly pressured by profit-taking and position adjustments. Nevertheless, XAU/USD remains on track to post gains for December and extend its winning streak into a fifth consecutive month.

Bitcoin, Ethereum and XRP prepare for a potential New Year rebound

Bitcoin, Ethereum, and Ripple are holding steady on Wednesday after recording minor gains on the previous day. Technically, Bitcoin could extend gains within a triangle pattern while Ethereum and Ripple face critical overhead resistance.

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.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).