Pound Sterling Price News and Forecast: GBP/USD recovery unlikely to last

FXStreet Team FXStreet

GBP/USD Forecast: Bullish bias stays intact ahead of key US data

GBP/USD has lost its bullish momentum and retreated below 1.1600 during the European trading hours on Thursday after having gained more than 300 pips in the last two days. The near-term technical outlook suggests that buyers look to retain control but the third-quarter Gross Domestic Product (GDP) data from the US is likely to drive the pair's action in the second half of the day. Read more...

GBP/USD: Recovery unlikely to last – ING

The British pound continues to enjoy a renaissance, but analysts at ING would argue that further gains will be harder to come by.

“The softer dollar environment means that the GBP/USD correction could extend to the 1.1750 area – but we doubt these gains last.” Read more...

GBP/USD could now test the 1.1760 level – UOB

GBP/USD remains firm and could extend the upside momentum to the 1.1760 region in the next weeks, suggest Market Strategist at UOB Group Quek Ser Leang and Economist Lee Sue Ann. Read more...

GBP/USD

Overview
Today last price	1.156
Today Daily Change	-0.0068
Today Daily Change %	-0.58
Today daily open	1.1628

Trends
Daily SMA20	1.1254
Daily SMA50	1.1392
Daily SMA100	1.1751
Daily SMA200	1.2386

Levels
Previous Daily High	1.1639
Previous Daily Low	1.1431
Previous Weekly High	1.144
Previous Weekly Low	1.106
Previous Monthly High	1.1738
Previous Monthly Low	1.0339
Daily Fibonacci 38.2%	1.1559
Daily Fibonacci 61.8%	1.151
Daily Pivot Point S1	1.1493
Daily Pivot Point S2	1.1358
Daily Pivot Point S3	1.1284
Daily Pivot Point R1	1.1701
Daily Pivot Point R2	1.1774
Daily Pivot Point R3	1.1909

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 bulls seem hesitant as Hormuz ship attack supports safe-haven USD

The GBP/USD pair sticks to a positive bias for the second straight day, albeit it remains below the previous day's swing high and trades just below the 1.3200 mark during the Asian session on Friday. Furthermore, the fundamental backdrop warrants caution before positioning for any meaningful recovery from November 2025 lows, around the 1.3140 region, touched on Wednesday.

EUR/USD softens toward 13‑month low near 1.1350 as rising US PCE inflation lifts US Dollar

The EUR/USD pair loses ground to around 1.1365 during the early Asian trading hours on Friday. The major remains near a 13-month low as market expectations for US interest rate hikes have risen. Traders brace for the release of the Michigan Consumer Sentiment Index report, which will be released later on Friday.

Gold drifts lower as Hormuz risks revive USD demand

Gold struggles to build on the overnight bounce from its lowest level since November 2025 as geopolitical risks stemming from an attack on a cargo vessel in the Strait of Hormuz support the US Dollar. Meanwhile, mostly in-line US inflation data eased bets for Fed rate hikes this year, capping the USD and helping the non-yielding bullion to hold above $4,000 during the Asian session. Nevertheless, the commodity remains on track to record losses for the fourth consecutive week.

Uniswap adds $150M in Spark stablecoin liquidity, launches no-code token auction tool

Uniswap received $150 million in stablecoin liquidity from Spark, with the assets set to transition to DualPool, a new custom liquidity hook, according to an announcement on Thursday. Under the new setup, liquidity providers will be able to earn swap fees while their underlying assets continue generating yield, eliminating the need to choose between the two.

Micron prints perfect, and now the chart has to answer

Memory’s biggest name just delivered the cleanest quarter of its life, and the most interesting thing about it is that the stock isn’t sure what to do with it. Micron closed out fiscal Q3 with revenue of $41.5 billion, up 346% on the year, a fifth straight record. Gross margin came in at 84.9%, up from 39% the same quarter a year ago. Earnings landed at $25.11 against a Street sitting near $20.49.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.