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: Daily gains remain capped by 1.3650

GBP/USD leaves behind Monday’s pessimism and advances marginally on Tuesday. Cable’s humble gains, however, appear to have met quite a decent resistance in the 1.3650 zone for now, in a context of a slight selling pressure hovering around the Greenback.

EUR/USD picks some pace, retests 1.1670

EUR/USD advances modestly and revisits the 1.670 zone on turnaround Tuesday. The pair’s slight advance comes after two daily drops in a row and follows the humble decline in the US Dollar, while investors gear up for upcoming US data and the Jackson Hole Symposium.

Gold treads water around $4,650

Gold navigates the middle of its daily range near $4,650 per troy ounce on Tuesday. The lack of clear direction in the yellow metal comes on the back of the widespread cautious tone among market participants, a mildly offered stance in the US Dollar and a marked decline in US Treasury yields across the curve.

Crypto Today: Bitcoin soars past $80K as Ethereum and XRP hold gains

Bitcoin (BTC) is trading above $80,000 on Tuesday. This is the highest level the Crypto King has traded since mid-May, underscoring a positive shift in investors' risk-on sentiment, liquidity conditions and the technical outlook.

Nvidia earnings: A quick look at expectations

The 2026 Q2 earnings season is nearly over for S&P 500 members, with the reporting cycle notably positive. But looming large this week is none other than AI-favorite NVIDIA (NVDA) , whose results will wrap up the reporting cycle for the Magnificent Seven group as well.

$20 billion offered, $2 billion taken: Why Treasury doubled its buyback cap

The US Treasury moved off its own calendar on Wednesday, and that is the part worth sitting with. At 12:32 GMT, the department said it would at least double the size of liquidity support buyback operations in the 10-year to 20-year and 20-year to 30-year sectors, lifting the maximum from $2 billion per operation to at least $4 billion, effective September 9 and running to November 4.