Pound Sterling Price News and Forecast: GBP/USD rises to four-week high

FXStreet Team FXStreet

GBP/USD rises to four-week high, anticipates BoE and Fed policy divergence

GBP/USD climbed to a new four-week high at 1.2590 on Friday. However, it dipped toward the 1.2570s area after a softer-than-estimated Canadian jobs report cemented the case for a Federal Reserve skip in the upcoming monetary policy meeting. The GBP/USD is trading at 1.2576, up 0.14%, set to finish the week with gains of more than 1%. Read More...

GBP/USD: Further gains remain on the cards

GBP/USD is expected to edge further up in the short-term horizon, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More...

GBP/USD resumes upside journey towards 1.2600 as hawkish Fed bets falter

The GBP/USD pair has resumed its upside journey towards the round-level resistance of 1.2600 after a small intervention around 1.2560 in the early London session. Sheer strength in the Cable has been built due to a significant decline in the US Dollar Index (DXY). Read More...

GBP/USD

Overview
Today last price	1.2575
Today Daily Change	0.0015
Today Daily Change %	0.12
Today daily open	1.256

Trends
Daily SMA20	1.2437
Daily SMA50	1.2464
Daily SMA100	1.2307
Daily SMA200	1.2011

Levels
Previous Daily High	1.2561
Previous Daily Low	1.2433
Previous Weekly High	1.2545
Previous Weekly Low	1.2327
Previous Monthly High	1.268
Previous Monthly Low	1.2308
Daily Fibonacci 38.2%	1.2512
Daily Fibonacci 61.8%	1.2482
Daily Pivot Point S1	1.2475
Daily Pivot Point S2	1.239
Daily Pivot Point S3	1.2347
Daily Pivot Point R1	1.2603
Daily Pivot Point R2	1.2646
Daily Pivot Point R3	1.2731

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.

AUD/USD picks up bids above 0.7100 after RBA-speak

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Gold: The $4,300 mark holds the downside…for now

Gold extends its decline for a second straight session, retreating toward the $4,300 mark per troy ounce on Tuesday. The yellow metal’s pullback comes amid the resumption of the buying interest in the US Dollar, mixed US Treasury yields and geopolitical uncertainty.

Trump meets Xi: Why markets are watching this summit so closely

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Energy and risk markets remain in the driver’s seat

US stock markets rallied up 2.26% (Nasdaq) yesterday with AI/tech names leading the advance. The Nasdaq even tested the all-time high reached early June. The likes of the S&P 500 and EuroStoxx50 recovered up to 1.5%. Positive risk vibes and lower energy prices supported consolidation on bond markets following the past month’s heavy losses. European yield curves bull steepened.

BoJ Recap: Not as hawkish as expected

The Bank of Japan (BoJ) raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks.