Pound Sterling Price News and Forecast: GBP/USD October low of 1.2037 will be the key support level

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling looks fragile ahead of Fed and BoE meetings

GBP/USD fluctuated in a narrow channel in the Asian session before retreating to the 1.2100 area in the European morning. The near-term technical outlook suggests that the bearish bias stays intact.

Over the weekend, the United Arab Emirates (UAE) requested a UN Security Council emergency meeting to discuss the situation in the Gaza Strip, asking "for an immediate ceasefire to ensure that civilians and civilian institutions are not targeted." Read more...

GBP/USD: October low of 1.2037 will be the key support level – MUFG

Economists at MUFG Bank analyze GBP outlook ahead of the BoE announcement on Thursday.

The worsening economic data has been clear and will likely be clearly acknowledged by Governor Andrew Bailey in the press conference. We see this inevitable acknowledgement of weaker data and some evidence that the labour market conditions point to reduced wage inflation risks as helping to push yields lower. Read more...

GBP/USD: Trend momentum is weak, favouring more range trading – Scotiabank

GBP/USD is still finding support on dips below 1.21. Economists at Scotiabank analyze the pair’s outlook.

Trading may remain relatively quiet ahead of the BoE policy decision on Thursday. Markets expect policy to be left on hold but the GBP may see a minor bid if the voting shows a tight split among the nine policymakers. Read more...

GBP/USD

Overview
Today last price	1.2143
Today Daily Change	0.0022
Today Daily Change %	0.18
Today daily open	1.2121

Trends
Daily SMA20	1.2175
Daily SMA50	1.2352
Daily SMA100	1.257
Daily SMA200	1.2439

Levels
Previous Daily High	1.2163
Previous Daily Low	1.2106
Previous Weekly High	1.2289
Previous Weekly Low	1.207
Previous Monthly High	1.2713
Previous Monthly Low	1.2111
Daily Fibonacci 38.2%	1.2128
Daily Fibonacci 61.8%	1.2141
Daily Pivot Point S1	1.2097
Daily Pivot Point S2	1.2073
Daily Pivot Point S3	1.204
Daily Pivot Point R1	1.2154
Daily Pivot Point R2	1.2187
Daily Pivot Point R3	1.2211

Author

FXStreet Team

FXStreet

EUR/USD consolidates above 1.1800 as trades await Eurozone CPI and US data

The EUR/USD pair struggles to capitalize on the previous day's modest bounce from the 1.1780-1.1775 area, or over a one-week low, and oscillates in a narrow band during the Asian session on Wednesday. Spot prices currently trade around the 1.1815 zone, nearly unchanged for the day, as traders keenly await the release of the flash Eurozone consumer inflation figures.

GBP/USD consolidates ahead of Bank of England rate decision

The Pound Sterling traded in a narrow range against the US Dollar on Tuesday, edging modestly higher to near 1.3700 as markets adopted a cautious stance ahead of the Bank of England's 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.

Gold capitalizes on resurgent haven demand, $5,100 in sight?

Gold builds on the recovery from four-week lows beyond $5,000 early Wednesday. The US Dollar struggles for traction amid data delay and uncertainty over the Fed’s rate outlook under Warsh. Gold recaptures 21-day SMA. while RSI holds firmly above the midline on the daily chart.

Top Crypto Gainers: WLFI, ATOM, and JUP post mild gains amid market sell-off

World Liberty Financial, Cosmos, and Jupiter posted a mild recovery on Tuesday, defying the broader cryptocurrency market-wide sell-off. However, the technical outlook for WLFI and ATOM remains mixed as short-term recovery challenges the prevailing bearish momentum.

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Ripple slides as low retail, institutional demand weigh

Ripple edges lower, trading marginally below $1.60 at the time of writing on Tuesday as bulls and bears battle for control. The cross-border remittance token rose to $1.66 on Monday, but profit-taking and risk-off sentiment in the broader crypto market led to the ongoing correction.