Pound Sterling Price News and Forecast: GBP/USD is displaying back-and-forth moves around 1.1700

FXStreet Team FXStreet

GBP/USD oscillates around 1.1700, spotlight shifts to US NFP

The GBP/USD pair has turned sideways after facing barricades around 1.1750 on Monday. The cable is oscillating in a narrow range of 1.1700-1.1710 in the early Tokyo session as investors are arranging their trades ahead of the US Nonfarm Payrolls (NFP), which will release later this week. On a broader note, the asset has displayed a pullback move after remaining in a negative trajectory.

GBP/USD

Overview
Today last price	1.1699
Today Daily Change	-0.0011
Today Daily Change %	-0.09
Today daily open	1.171

Trends
Daily SMA20	1.1995
Daily SMA50	1.2039
Daily SMA100	1.2292
Daily SMA200	1.2826

Levels
Previous Daily High	1.1744
Previous Daily Low	1.1649
Previous Weekly High	1.19
Previous Weekly Low	1.1717
Previous Monthly High	1.2246
Previous Monthly Low	1.176
Daily Fibonacci 38.2%	1.1685
Daily Fibonacci 61.8%	1.1708
Daily Pivot Point S1	1.1658
Daily Pivot Point S2	1.1606
Daily Pivot Point S3	1.1562
Daily Pivot Point R1	1.1753
Daily Pivot Point R2	1.1796
Daily Pivot Point R3	1.1848

Pound is plunging on the news

The Pound Sterling continues plummeting against the USD; by now, it has already dropped to 1.1660. Apart from the strong USD factor, the Pound is being significantly pressured by domestic news. Britain's energy regulator announced Friday that energy bills for households in the UK would rise by 80% in October.

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.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

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.