Pound Sterling Price News and Forecast: GBP/USD may face initial resistance at 1.3869

FXStreet Team FXStreet

GBP/USD Price Forecast: Steadies above 1.3700 near nine-day EMA support

GBP/USD steadies after registering modest gains in the previous session, trading around 1.3700 during the Asian hours on Wednesday. The technical analysis of the daily chart points to a potential bearish reversal as the range narrows, indicating waning buyer momentum within a rising wedge pattern.

The nine-day Exponential Moving Average (EMA) at 1.3678 rises above the 50-day EMA at 1.3493, with price holding above both. Both averages slope higher, reinforcing trend strength. The momentum indicator 14-day Relative Strength Index (RSI) at 61.75 stays above the 50 mid-line without overbought readings, confirming bullish momentum. Read more...

GBP/USD consolidates ahead of Bank of England rate decision

The Pound Sterling (GBP) traded in a narrow range against the US Dollar (USD) on Tuesday, edging modestly higher to near 1.3700 as markets adopted a cautious stance ahead of the Bank of England's (BoE) first policy decision of 2026. GBP/USD opened the session at 1.3665 and touched an intraday high near 1.3707, with the pair consolidating below the multi-year high of 1.3869 posted in late January.

The BoE is widely expected to leave its Bank Rate unchanged at 3.75% when the Monetary Policy Committee (MPC) delivers its verdict on Thursday. Market pricing shows only a 4% probability of a rate cut at this meeting, with the next reduction now penciled in for April at the earliest. December's decision to cut rates was narrowly split at 5-4, and Governor Andrew Bailey has cautioned that future cuts will become "a closer call" as rates approach neutral levels. Read more...

GBP/USD holds in a tight range as thin data keeps trading subdued

The British Pound (GBP) trades in a tight range against the US Dollar (USD) on Tuesday, with GBP/USD struggling to find direction as a thin economic calendar in both the United States (US) and the United Kingdom (UK) keeps price action subdued. At the time of writing, the pair is consolidating near 1.3690, pausing a two-day losing streak.

A steady US Dollar is capping upside attempts in GBP/USD. The Greenback staged a sharp rebound from four-year lows after markets welcomed US President Donald Trump’s nomination of former Federal Reserve (Fed) Governor Kevin Warsh as the next Fed Chair. Read more...

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FXStreet Team

FXStreet

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GBP/USD hits multi-week tops around 1.3560

GBP/USD gathers fresh steam and advances to new three-month peaks near the 1.3560 zone on Friday. Cable’s sharp move higher comes after three daily drops in a row and follows the increasing selling pressure hurting the Greenback.

EUR/USD pops to fresh two-month highs, targets 1.1600

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Gold picks up pace, approaches $4,400

Gold rebounds toward the $4,400 mark per troy ounce on Friday, reversing the previous day’s pullback. The precious metal’s recovery comes as fresh and intense weakness keep weighing on the US Dollar, while traders keep assessing easing expectations of an imminent Fed interest rate hike and the situation from the Middle East.

Pi Network Price Forecast: PI extends consolidation as bulls eye $0.10

Pi Network (PI) price holds steady on Friday, maintaining a consolidating tone for three consecutive days. Mild retail strength in the PI token remains stable, with Open Interest above $9 million, while social buzz eases. PI token’s technical outlook is mixed, as bearish momentum wanes to neutral, with bulls eyeing the $0.1000 psychological level.

Weekly focus: Some relief in US inflation concerns

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Why is Crude Oil priced for a reopening the ships haven't made?

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