TRENDING:

GBP/USD

XAU/USD

Pound Sterling Price News and Forecast: GBP/USD levels to watch are 1.2600 and 1.2655

FXStreet Team FXStreet

GBP/USD: Levels to watch are 1.2600 and 1.2655 – UOB Group

There appears to be enough momentum for Pound Sterling (GBP) vs US Dollar (USD) to rise further, but any advance is likely part of a higher 1.2480/1.2600 range. In the longer run, sharp increase in momentum is likely to lead to further GBP strength; the levels to watch are 1.2600 and 1.2655, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

24-HOUR VIEW: "Following Wednesday’s price movements, we noted yesterday (Thursday) that 'there has been no increase in either downward or upward momentum.' We expected GBP to 'trade in a range between 1.2390 and 1.2490.' Read more...

GBP/USD Forecast: Pound Sterling shows no signs of slowing down

GBP/USD preserves its bullish momentum and trades at its highest level since late December near 1.2600. Although the pair's near-term technical outlook points to overbought conditions, investors could refrain from betting on a deep correction unless there is a significant negative shift in risk mood.

The US Dollar came under heavy selling pressure in the American session on Thursday and opened the door for a leg higher in GBP/USD as risk flows dominated the action in financial markets. US President Donald Trump refrained from announcing new reciprocal tariffs on Thursday, instead he explained that he tasked his economics team to devise a plan for reciprocal tariffs on every country that charges duties on US imports, triggering a risk rally. 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 steadies around 1.1700, with eyes on key EU/ US data

EUR/USD keeps its range intact around 1.1700 in European trading hours on Wednesday. The pair awaits key Eurozone inflation and US jobs numbers for a fresh directional impetus. In the meantime, a broadly subdued US Dollar keeps the major supported.

GBP/USD holds gains above 1.3500 as USD slips ahead of US data

GBP/USD gains some ground above 1.3500 on Wednesday after registering modest gains in the previous session. The pair edges higher as the US Dollar struggles ahead of the US ADP Employment Change, JOLTS Job Openings and ISM Services Purchasing Managers’ Index due later in the day.

Gold corrects from $4,500 amid profit-taking ahead of US data

Gold struggles to capitalize on its strong weekly gains registered over the past two days and faces rejection near the $4,500 psychological mark, or over a one-week high touched during the Asian session on Wednesday. As investors digest the recent US attack on Venezuela, the prevalent risk-on environment prompts some profit-taking around the commodity.

Bitcoin, Ethereum and Ripple cool off as rally stalls near key resistance zones

Bitcoin, Ethereum, and Ripple prices are taking a breather on Wednesday near their key resistance levels following the recent surge. BTC faces rejection at the $94,253 level, while ETH and XRP follow BTC’s footsteps, struggling near $3,308 and $2.35, respectively.

Implications of US intervention in Venezuela

Events in Venezuela are top of mind for market participants, and while developments are associated with an elevated degree of uncertainty, we are not making any changes to our markets or economic forecasts as a result of the deposition of Nicolás Maduro.

Aave Price Forecast: AAVE eyes bullish breakout as on-chain and derivatives data turns supportive

Aave (AAVE) price hovers around $172 on Wednesday, nearing the upper trendline of the falling parallel channel pattern. A break above this technical pattern favors the bulls.

GBP/USD: Levels to watch are 1.2600 and 1.2655 – UOB Group

GBP/USD Forecast: Pound Sterling shows no signs of slowing down

Legal Text

Markets move fast. We move first.

Editor's Picks

Best Brokers in 2026