Pound Sterling Price News and Forecast: GBP/USD scales higher for the sixth successive day

FXStreet Team FXStreet

GBP/USD climbs further beyond 1.3200, highest since October ahead of UK jobs data

The GBP/USD pair attracts buyers for the sixth straight day and climbs above the 1.3200 mark, hitting a fresh high since October 2024 during the Asian session on Tuesday. Moreover, the bearish sentiment surrounding the US Dollar (USD) suggests that the path of least resistance for spot prices remains to the upside.

Investors remain concerned about the potential economic fallout from the escalating US-China trade war. In fact, China increased its tariffs on US imports to 125% on Friday in retaliation to US President Donald Trump's decision to raise duties on Chinese goods to an unprecedented 145%. The US still imports several hard-to-replace materials from China and the development weakens confidence in the US economy, which, in turn, keeps the USD bulls on the defensive and lends support to the GBP/USD pair. Read more...

GBP/USD recovery rally continues uninterrupted for a fifth straight session

GBP/USD rose three-quarters of one percent on Monday, climbing for a fifth straight trading session as the Pound Sterling continues to reclaim ground against the softening Greenback. Despite the GBP’s firm run up the charts against the USD, challenges still lie ahead with key UK economic data on the release docket for this week.

UK labor data will be posted early during the Tuesday London market session. The ILO Unemployment Rate for the 3 months ended in February is expected to hold steady at 4.4%, and the Claimant Count Change for March is forecast to ease to 30.3K from February’s 44.2K. Read more...

Author

FXStreet Team

FXStreet

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 remains below 1.1700 amid weakening momentum

EUR/USD remains steady after four days of losses, trading around 1.1680 during the Asian hours on Thursday. On the daily chart, the 14-day Relative Strength Index at 42.6 (neutral-bearish) indicates weakening momentum after slipping below the 50 midline. RSI staying sub-50 would keep bears engaged and limit recovery attempts.

GBP/USD consolidates above mid-1.3400s; bullish potential seems intact

The GBP/USD pair is seen consolidating its heavy losses registered over the past two days and oscillating in a narrow trading band, just above mid-1.3400s during the Asian session on Thursday. However, the fundamental backdrop warrants some caution for bearish traders and before positioning for an extension of the retracement slide from the 1.3565-1.3570 region, or the highest level since September 18, touched on Tuesday.

Gold: Deeper correction or dip-buying likely?

Gold is nursing losses near $4,450 in Asian trading on Thursday, having suffered about a 1% correction from weekly highs of $4,500 on Wednesday. All eyes remain on the geopolitical developments and the incoming US jobless claims data for fresh trading directives.

Top Crypto Losers: Pump.fun, Story, and Pudgy Penguins test key support levels

Pump.fun, Story, and Pudgy Penguins experience intense selling pressure over the last 24 hours. PUMP and IP failed to cross the 50-day Exponential Moving Average, resulting in a pullback on Wednesday, while PENGU is testing its 50-day EMA.

2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.

XRP battles selling pressure as profit-taking, ETF inflows shape outlook

Ripple (XRP) is trading downward but holding support at $2.22 at the time of writing on Wednesday, as fear spreads across the cryptocurrency market, reversing gains made from the start of the year.