Pound Sterling Price News and Forecast: GBP/USD rollercoaster ride in Q1

FXStreet Team FXStreet

GBP/USD rollercoaster ride in Q1 – Will the pair continue upside rally in 2025?

In the first quarter of 2025, the British Pound experienced significant fluctuations against the dollar. GBPUSD began the year at approximately 1.2500, dipped to a low of 1.2100 on January 13, and surged to a high of 1.3014 by mid-March, having an overall performance of 3.5% year-to-date. This volatility was driven by a mix of economic factors and policy decisions.

The Bank of England (BoE) played a pivotal role in shaping the pound's movement. In February, the BoE reduced the interest rate by 25 basis points to 4.5%. This move aimed to bolster economic growth amid slowing inflation and subdued domestic demand. While the rate cut provided some economic relief, it also contributed to the pound's initial depreciation. Read more...

GBP/USD Forecast: Pound Sterling fails to benefit from upbeat data

GBP/USD gathered bullish momentum and closed in positive territory on Thursday. The pair stays in a consolidation phase near 1.2950 in the European session on Friday as markets await the next key data release from the US.

The broad-based US Dollar (USD) weakness helped GBP/USD gain traction on Thursday as the auto tariffs announcement by US President Donald Trump revived concerns over an economic slowdown. Read more...

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EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.