Pound Sterling Price News and Forecast: GBP/USD sees pullback from 9-month high

FXStreet Team FXStreet

GBP/USD sees pullback from 9-month high as US jobs data deteriorated

The Pound Sterling (GBP) pullback from a 9-month high against the US Dollar (USD) on Tuesday dropped below the 1.2500 figure due to the buck’s renewed strength. The labor market in the United States (US) continues to deteriorate, painting a gloomy scenario for the US economy. The GBP/USD is trading at 1.2422 after hitting a high of 1.2486. Read More...

GBP/USD struggles for a firm intraday direction, flat-lines above mid-1.2400s

The GBP/USD pair attracts some dip-buying near the 1.2435 region on Thursday and for now, seems to have stalled this week's modest pullback from its highest level since June 2022. Spot prices climb nearly 50 pips from the daily low, albeit lacks follow-through and trade in neutral territory, around the 1.2465 zone during the early part of the European session. Read More...

GBP/USD declines towards 1.2400 as geopolitical tensions dampen market mood, US NFP eyed

The GBP/USD pair is hovering near Wednesday’s low at 1.2440 in the Asian session. The Cable is expected to extend its downside journey as geopolitical tensions between the United States and China over Taiwan have dampened the overall market mood. China’s retaliation over arms support to Taiwan by the US might result in some restrictions on exports from China to the US. Read More...

GBP/USD

Overview
Today last price	1.244
Today Daily Change	-0.0022
Today Daily Change %	-0.18
Today daily open	1.2462

Trends
Daily SMA20	1.2248
Daily SMA50	1.2155
Daily SMA100	1.2148
Daily SMA200	1.1899

Levels
Previous Daily High	1.2514
Previous Daily Low	1.2433
Previous Weekly High	1.2424
Previous Weekly Low	1.2219
Previous Monthly High	1.2424
Previous Monthly Low	1.1803
Daily Fibonacci 38.2%	1.2464
Daily Fibonacci 61.8%	1.2483
Daily Pivot Point S1	1.2425
Daily Pivot Point S2	1.2388
Daily Pivot Point S3	1.2344
Daily Pivot Point R1	1.2506
Daily Pivot Point R2	1.2551
Daily Pivot Point R3	1.2588

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 trims gains, back to around 1.3500

GBP/USD now surrenders part of the earlier move to multi-week peaks around 1.3530 and comes close to the 1.3500 support on Monday. Cable’s uptick comes in tandem with decent gains in the Greenback, always amid persistent uncertainty lingering over the reopening of the Strait of Hormuz and US-Iran talks.

EUR/USD deflates to 1.1540

EUR/USD begins the week on the back foot, retesting the 1.1540 zone as the NA session draws to a close. The better tone in the US Dollar weighs on the risk complex, sparking the daily correction in spot, always on the back of unabated effervescence in the Middle East.

Gold surges past $4,400, hitting fresh two-month highs

Gold climbs further beyond $4,400, touching its highest level since June 5 in the Asian session on Tuesday. Easing Fed rate hike expectations continue to drive flows towards the non-yielding bullion. Meanwhile, inflation risks stemming from volatile oil prices back the case for at least one rate hike in 2026, which supports the US Dollar and might cap the precious metal ahead of the crucial US CPI report on Wednesday.

Ethereum: SharpLink reports loss as BitMine continues share buybacks and ETH acquisitions

SharpLink reported $394.3 million in Q2 net losses following heavy declines in the crypto market, over a 3.5x decline from the $103.4 million losses in Q2 2025, according to a filing on Monday. The losses comprise $321 million in unrealized crypto losses on its ETH holdings and $76.1 million in impairments on its liquid staking tokens LsETH and weETH.

RBA set to hold interest rate at 4.35% as softer inflation cools hike bets

The Reserve Bank of Australia is on track to keep the Official Cash Rate (OCR) steady at 4.35% for the second consecutive meeting on Tuesday. The decision will be announced at 04:30 GMT, accompanied by the Monetary Policy Statement and updated economic forecasts. RBA Governor Michele Bullock’s press conference will follow at 05:30 GMT.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.