Pound Sterling Price News and Forecast: GBP/USD rebounded from support near 1.3520

FXStreet Team FXStreet

GBP/USD Price Forecast: Trades above 1.3500 after rebounding from 50-day EMA

GBP/USD rebounds after two days of gains, trading around 1.3560 during the Asian hours on Friday. The technical analysis of the daily chart points to a potential bearish reversal as the pair is positioned near the lower boundary of an ascending channel pattern. The 14-day Relative Strength Index (RSI), a momentum indicator, at 50 is neutral. RSI hovering around the midline would turn more supportive on a move above 50 and weaken below it.

The GBP/USD pair holds above the rising 50-day Exponential Moving Average (EMA) at 1.3496, while capped by the nine-day EMA at 1.3626. The short-term average is rolling over, restraining upside as the medium-term slope stays positive. The moving average structure keeps the broader tone supported, yet near-term traction is fading and favors consolidation before direction resumes. Read more...

GBP/USD drops to two-week low, around 1.3500 amid dovish BoE and firmer USD

The GBP/USD pair adds to the previous day's dovish Bank of England (BoE)-inspired heavy losses and drifts lower for the third straight day on Friday. The downward trajectory is sponsored by sustained US Dollar (USD) buying and drags spot prices to a two-week low during the Asian session, with bears now awaiting a break below the 1.3500 psychological mark before placing fresh bets.

The nomination of Kevin Warsh as the next Federal Reserve (Fed) chair fueled speculations that the US central bank will be less dovish than expected. This, along with a rise in volatility, benefits the USD's status as the global reserve currency. In fact, the USD Index (DXY), which tracks the Greenback against a basket of currencies, climbs to a fresh high since January 23 and turns out to be a key factor exerting pressure on the GBP/USD pair. Read more...

GBP/USD sinks as BoE delivers dovish hold, April cut fully priced

The Pound Sterling (GBP) collapses against the US Dollar (USD) on Thursday after the Bank of England (BoE) decided to hold rates but opened the door for further easing, in a decision seen as a 'dovish hold.' Worse-than-expected US jobs data failed to halt the GBP/USD downfall, trading at 1.3529, down 0.90%.

Earlier, the BoE, on a 5-4 vote split, kept the Bank Rate at 3.75%, though some of the comments of the BoE’s Monetary Policy Committee (MPC), despite voting for a pause, provided dovish signals. Governor Andrew Bailey said that there is scope for further easing, but it is not exactly clear when and expects “quite sharp” inflation drop. Read more...

Author

FXStreet Team

FXStreet

EUR/USD holds ground near 1.1800 ahead of US sentiment data

EUR/USD holds recovery ground near 1.1800 in the European session on Friday. The pair attracts minor bids as the US Dollar ticks down amid an improvement in speculation that the Federal Reserve could cut interest rates in the March policy meeting. The focuis is now on the US consumer sentiment data.

GBP/USD challenges 1.3550 on the road to recovery

GBP/USD rebounds after two days of gains, trading near 1.3550 in European trading on Friday. The US Dollar retreats from two-week highs amid profit-taking, lending support to the major ahead of the US UoM Consumer Sentiment and Inflation Expectations data. BoE Chief Economist Pill's speech is also awaited.

Gold rallies amid flight to safety, Fed rate cut bets

Gold builds on its goodish intraday bounce from the vicinity of mid-$4,600s, or a four-day low touched during the Asian session, and climbs to a fresh daily high in the last hour. A turnaround in the risk sentiment drives flow toward traditional safe-haven assets and acts as a tailwind for the commodity.

Bitcoin, Ethereum and Ripple sink to multi-month lows

Bitcoin, Ethereum and Ripple slip to multi-month lows, erasing all gains since crypto-friendly candidate Donald Trump won the US presidential election in November 2024. BTC hits a low of $60,000 on Friday, while ETH nosedives to $1,750 and XRP to $1.11.

The AI mirror just turned on tech and nobody likes the reflection

Tech just got hit with a different kind of selloff. Not the usual rates tantrum, not a recession whisper, not even an earnings miss in the classic sense. This was the market staring into an AI mirror and recoiling at its reflection.

Solana Price Forecast: SOL sell-off intensifies as BTC drops to $60,000

Solana (SOL) price extends its correction, slipping below $70 on Friday after posting losses of over 23% so far this week. The sell-off was fueled by broader weakness in the crypto market, with Bitcoin (BTC) reaching a low of $60,000 on Friday.