Pound Sterling Price News and Forecast: GBP/USD may face initial resistance at 1.3400

FXStreet Team FXStreet

GBP/USD Price Forecast: Finds support near 1.3300 after breaking below ascending channel

The GBP/USD pair steadies around 1.3320 during Asian trading hours on Monday, after posting losses in the previous session. Technical analysis on the daily chart suggests a weakening bullish trend, as the pair breaks below its ascending channel pattern.

However, the GBP/USD pair continues to trade above the nine-day Exponential Moving Average (EMA), reinforcing short-term bullish momentum. Additionally, the 14-day Relative Strength Index (RSI) holds above 50, further supporting the bullish bias. Read more...

GBP/USD Weekly Outlook: Pound Sterling stands resilient to Trump's tariff play

The Pound Sterling (GBP) extended its winning momentum against the US Dollar (USD), driving the GBP/USD pair briefly to levels above 1.3400. GBP/USD mainly remained at the mercy of the US Dollar dynamics, induced by US President Donald Trump’s erratic tariff moves and some flickers of optimism on surprisingly resilient US corporate earnings.

The Greenback yo-yoed wildly this week, tumbling nearly 1% against its major rivals at the start of the week on Monday after Trump threatened to fire Fed Chair Jerome Powell for not lowering interest rates quickly enough, only to surge 1.5% a day later as Trump softened his rhetoric about China and the independence of the US Federal Reserve. Read more...

GBP/USD consolidates around 1.3300 mark; downside potential seems limited

The GBP/USD pair kicks off the new week on a subdued note and oscillates in a narrow band around the 1.3300 round-figure mark during the Asian session.

The US Dollar (USD) preserves last week's recovery gains from a multi-year low amid the uncertainty over US-China trade talks, which, in turn, is seen as a key factor acting as a headwind for the GBP/USD pair. US Treasury Secretary Scott Bessent said on Sunday that he did not know if US President Donald Trump had talked to Chinese President Xi Jinping. This keeps a lid on the optimism led by Trump's assertion that tariff talks with China were underway and underpins the USD's relative safe-haven status. 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).