Pound Sterling Price News and Forecast: GBP/USD refreshes multi-month highs

FXStreet Team FXStreet

GBP/USD fills week-start gap-down towards regaining 1.3700 amid mixed clues

GBP/USD probes an intraday high of 1.3665 while filling the downside gap to 1.3650 during the early Asian session on Monday. In doing so, the cable traders remain cautiously optimistic following a Brexit deal passage by the UK’s Parliament as the coronavirus (COVID-19) woes probe bulls.

Despite overcoming the thorny issue of Brexit and getting it through the parliament, the Britons aren’t spared from the divorce issues. Recently, The Telegraph came out with the news suggesting British ex-pats stopped from boarding to Spain amid documentations issues.

GBP/USD Price Analysis: Cable refreshes multi-month highs

GBP/USD is trading at 1.3690 at press time. That's the highest level since April 2018. The previous 31-month high of 1.3686 was reached last week.

The inverse head-and-shoulders breakout seen on the weekly chart indicates the path of least resistance is to the higher side, and significant resistance is currently located at 1.4056.

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD bounces toward 1.1750 as US Dollar loses strength

EUR/USD returned to the 1.1750 price zone in the American session on Friday, despite falling Wall Street, which indicates risk aversion. Trading conditions remain thin following the New Year holiday and ahead of the weekend, with the focus shifting to US employment and European data scheduled for next week.

GBP/USD nears 1.3500, holds within familiar levels

After testing 1.3400 on the last day of 2025, GBP/USD managed to stage a rebound. Nevertheless, the pair finds it difficult to gather momentum and trades with modest intraday gains at around 1.3490 as market participants remain in holiday mood.

Gold trims intraday gains, approaches $4,300

Gold retreated sharply from the $4,400 area and trades flat for the day in the $4,320 price zone. Choppy trading conditions exacerbated the intraday decline, although XAU/USD bearish case is out of the picture, considering growing expectations for a dovish Fed and persistent geopolitical tensions.

Cardano gains early New Year momentum, bulls target falling wedge breakout

Cardano kicks off the New Year on a positive note and is extending gains, trading above $0.36 at the time of writing on Friday. Improving on-chain and derivatives data point to growing bullish interest, while the technical outlook keeps an upside breakout in focus.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is. Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).