Pound Sterling Price News and Forecast: GBP/USD pound sterling could correct lower on risk aversion

FXStreet Team FXStreet

Pound Sterling falls amid uncertainty ahead of data-packed week

The Pound Sterling (GBP) exhibits moderate pressure in Monday’s late European session amid uncertainty ahead of a data-packed week. The GBP/USD pair drops ahead of the United Kingdom Employment and monthly Gross Domestic Product (GDP), which will be published on Tuesday and Wednesday, respectively. Read more...

GBP/USD Forecast: Pound Sterling could correct lower on risk aversion

GBP/USD closed the sixth consecutive trading day in positive territory on Friday and gained more than 1.5% for the week. The pair edges lower early Monday and trades below 1.2850.

The unabated selling pressure surrounding the US Dollar (USD) helped GBP/USD post its largest one-week gain since November. Read more...

GBP/USD to see additional gains to 1.3000+ in the next few weeks – Scotiabank

Cable’s gains are holding comfortably in the mid-1.2800s, the highest for the pound since last July. Economists at Scotiabank analyze GBP/USD outlook.

Sterling’s gains through the low 1.2800s last week take Cable out of its long-standing trading range and target additional gains to 1.3000+ in the next few weeks, potentially. Read more...

GBP/USD

Overview
Today last price	1.2828
Today Daily Change	-0.0023
Today Daily Change %	-0.18
Today daily open	1.2851

Trends
Daily SMA20	1.2663
Daily SMA50	1.2676
Daily SMA100	1.2583
Daily SMA200	1.2585

Levels
Previous Daily High	1.2894
Previous Daily Low	1.2801
Previous Weekly High	1.2894
Previous Weekly Low	1.2652
Previous Monthly High	1.2773
Previous Monthly Low	1.2518
Daily Fibonacci 38.2%	1.2858
Daily Fibonacci 61.8%	1.2837
Daily Pivot Point S1	1.2803
Daily Pivot Point S2	1.2756
Daily Pivot Point S3	1.2711
Daily Pivot Point R1	1.2896
Daily Pivot Point R2	1.2941
Daily Pivot Point R3	1.2988

Author

FXStreet Team

FXStreet

EUR/USD clings to gains around 1.1800

EUR/USD manages to regain composure and retests the 1.1800 region in quite a positive start to the week. The pair’s bounce follows the US Dollar’s offered stance post-SCOTUS ruling ahead of important US data and Fedspeak on Tuesday.

GBP/USD looks stuck around 1.3500 amid firm gains

GBP/USD is pushing further north on Monday, revisiting the 1.3500 hurdle and beyond. Cable’s uptick is largely being fuelled by the broader softness in the Greenback, amid lingering uncertainty around tariffs.

Gold pops above $5,200, four-week highs

Gold is holding onto its bullish tone on Monday, reaching new multi-week highs just past the $5,200 mark per troy ounce. Fresh trade-war concerns, coupled with rising geopolitical tensions in the Middle East, are keeping demand for the yellow metal well on the rise.

Ethereum Price Forecast: BitMine's holdings reach 4.42 million ETH as Fundstrat predicts 87% win-ratio

Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) scooped up 51,162 ETH last week, marking its largest purchase since December.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

XRP recovers slightly as bearish sentiment dominates crypto market

Ripple is rising above $1.40 at the time of writing on Monday amid fresh tariff-triggered headwinds in the broader cryptocurrency market. The sell-off to $1.33, the token’s intraday low, can be attributed to macroeconomic uncertainty, geopolitical tensions and risk-averse sentiment among other factors.