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Pound Sterling Price News and Forecast: GBP/USD keeps bounce off four-month low

FXStreet Team FXStreet

GBP/USD Price Analysis: GBP/USD bears on the prowl, 1.30 vulnerable

GBP/USD is stalling in the sell-off as the price moves into what could be deemed as a solid longer-term demand area. However, there is room to go with 1.2850 in focus for the days and weeks ahead. In the meantime, there are prospects of a bullish correction as per the daily chart.

GBP/USD keeps bounce off four-month low around mid-1.3000s ahead of Fed

GBP/USD treads water around 1.3040-50 amid anxious market conditions during Wednesday’s Asian session. The cable pair snapped a three-day downtrend to bounce off the lowest levels since November 2021 following the upbeat UK jobs report. Also on the positive side was the US dollar’s retreat amid pre-Fed caution.

GBP/USD

Overview

Today last price

1.3053

Today Daily Change

0.0011

Today Daily Change %

0.08

Today daily open

1.3042

Trends

Daily SMA20

1.3331

Daily SMA50

1.3466

Daily SMA100

1.3438

Daily SMA200

1.3615

Levels

Previous Daily High

1.3089

Previous Daily Low

1.3

Previous Weekly High

1.3246

Previous Weekly Low

1.3028

Previous Monthly High

1.3644

Previous Monthly Low

1.3273

Daily Fibonacci 38.2%

1.3055

Daily Fibonacci 61.8%

1.3034

Daily Pivot Point S1

1.2999

Daily Pivot Point S2

1.2956

Daily Pivot Point S3

1.2911

Daily Pivot Point R1

1.3087

Daily Pivot Point R2

1.3132

Daily Pivot Point R3

1.3176

Author

FXStreet Team

FXStreet

EUR/USD remains bid above 1.1700

EUR/USD adds to Monday’s optimism and climbs to fresh 2026 tops near 1.1760 on turnaround Tuesday. The “Sell America” trade continues to weigh on the US Dollar as investors continue to assess developments around the US and Greenland.

GBP/USD targets 1.3500 amid extra USD selling

GBP/USD advances for the second day in a row, coming closer to 1.3500 the figure, or multi-day highs, on the back of the intense sell-off in the Greenback. Cable, in the meantime, seems to ignore the mixed results from the UK labour market, which appear to reinforce the case for extra BoE easing.

Gold extends its march north to $4,750

Gold builds on Monday's gains and hits at a new record high around $4,750 per troy ounce on Tuesday. Escalating geopolitical tensions and growing fears of deepening trade conflicts, alongside the broad-based selling pressure surrounding the US Dollar continue to fuel the precious metal’s rally.

Bitcoin extends decline as tensions around Greenland mount

Bitcoin price extends losses, trading below $91,000 at the time of writing on Tuesday amid escalating geopolitical tensions over Greenland. Investors are moving toward safe-haven assets, with Gold hitting fresh all-time highs, while BTC continues to nosedive.

Greenland tariffs: What happened, and how to position for the new Europe risk premium

Over the weekend, President Trump threatened a new round of tariffs on goods from Denmark, Norway, Sweden, France, Germany, the Netherlands, Finland and the UK, with reporting flagging 10% from February 1 and a possible step-up later.

Crypto Today: Bitcoin, Ethereum and XRP extend correction as rising geopolitical tensions fade risky sentiment

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices are extending their losses on Tuesday as risk-on sentiment fades amid rising geopolitical tensions over Greenland.