Pound Sterling Price News and Forecast: GBP/USD pops towards the 1.24 psychological target

FXStreet Team FXStreet

GBP/USD pops towards the 1.24 psychological target

GBP/USD was last up 0.65% at 1.2391 having traveled between a low of 1.2293 and 1.2392 putting the pair on track for its biggest monthly gain since November, as concerns among investors over the banking sector dwi9ndled and dented the safe haven US Dollar. Read More...

GBP/USD climbs to new multi-week highs around 1.2380

Further losses in the greenback allow GBP/USD to pick up extra pace and reach the 1.2380 region, or multi-week highs, on Thursday. Read More...

GBP/USD rallies to nearly two-month peak amid the emergence of fresh USD selling

The GBP/USD pair reverses an intraday dip to sub-1.2300 levels and climbs to its highest level since early February during the first half of the European session on Thursday. The pair currently trades just above the mid-1.2300s and seems poised to prolong its recent upward trajectory from the 1.1800 round-figure mark, or the YTD low touched earlier this March. Read More...

GBP/USD

Overview
Today last price	1.2389
Today Daily Change	0.0077
Today Daily Change %	0.63
Today daily open	1.2312

Trends
Daily SMA20	1.2127
Daily SMA50	1.215
Daily SMA100	1.2118
Daily SMA200	1.1894

Levels
Previous Daily High	1.2362
Previous Daily Low	1.2303
Previous Weekly High	1.2344
Previous Weekly Low	1.2167
Previous Monthly High	1.2402
Previous Monthly Low	1.1915
Daily Fibonacci 38.2%	1.2325
Daily Fibonacci 61.8%	1.2339
Daily Pivot Point S1	1.2289
Daily Pivot Point S2	1.2267
Daily Pivot Point S3	1.2231
Daily Pivot Point R1	1.2348
Daily Pivot Point R2	1.2384
Daily Pivot Point R3	1.2407

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD revisits 1.3530; Dollar pushes harder

GBP/USD adds to the weekly correction and recedes toward the 1.3530 zone on Friday. Indeed, Cable faces increasing selling pressure on the back of extra gains in the Greenback, particularly fuelled by Chair Warsh’s speech at the Jackson Hole Symposium and the US NFP Annual Revision (-79K).

EUR/USD breaches below 1.1600, multi-day lows

EUR/USD now accelerates its decline and retreats to seven-day troughs in the sub-1.1600 region at the end of the week. The pair’s pullback comes on the back of the strong rebound in the US Dollar after Chair Warsh delivered a hawkish message in Jackson Hole, while the US NFP Annual Revision came in at -79K.

Gold challenges its 200-day SMA near $4,530

Gold’s decline gathers fresh steam, hitting weekly lows while disputing its critical 200-day SMA near $4,530 per troy ounce. The yellow metal’s increasing weakness comes in response to the generalised upbeat tone in the US Dollar and the widespread rebound in US Treasury yields, as investors continue to reprice a Fed rate hike in September.

Crypto Today: Bitcoin, Ethereum, XRP rally loses steam despite steady ETF inflows

Bitcoin is back below $80,000 at the time of writing on Friday, after a second attempt at breaking resistance between $81,000 and $82,000. Meanwhile, Ethereum and Ripple mirror Bitcoin’s cooling trend, with ETH sliding to $2,500 and XRP falling toward $1.40 support.

Week ahead – RBNZ and BoC decide on rates ahead of all-important US NFP

Dollar rebounds ahead of ISM PMI and NFP data. RBNZ is expected to raise rates; focus to fall on forward guidance. BoC is set to remain on hold; will it raise rates in 2027?

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.