Pound Sterling Price News and Forecast: GBP/USD sees strong downward move amid USD strength

FXStreet Team FXStreet

GBP/USD sees strong downward move amid USD strength, markets eager for US labor data

In Tuesday's session, GBP/USD witnessed a substantial dip, trading at around 1.2620, with significant downward momentum primarily triggered by USD strength. A risk-off market environment ahead of key labor market figures from the US contributed to investors seeking refuge in the US Dollar. In addition, the negative outlook on the British economy adds to the selling pressure. Read More...

Pound Sterling dives on downbeat UK factory data, dismal sentiment

The Pound Sterling (GBP) faces a sharp sell-off after the release of the weaker-than-projected S&P Global Manufacturing PMI for December. The factory data remained lower at 46.2 than expectations and the former reading of 46.4. The economic data below the 50.0 threshold indicates contraction in economic activities. The Manufacturing PMI remains below the 50.0 threshold for the 17-month in a row. Read More...

GBP/USD

Overview
Today last price	1.2626
Today Daily Change	-0.0105
Today Daily Change %	-0.82
Today daily open	1.2731

Trends
Daily SMA20	1.2666
Daily SMA50	1.25
Daily SMA100	1.245
Daily SMA200	1.2531

Levels
Previous Daily High	1.2731
Previous Daily Low	1.2731
Previous Weekly High	1.2828
Previous Weekly Low	1.2685
Previous Monthly High	1.2828
Previous Monthly Low	1.2501
Daily Fibonacci 38.2%	1.2731
Daily Fibonacci 61.8%	1.2731
Daily Pivot Point S1	1.2731
Daily Pivot Point S2	1.2731
Daily Pivot Point S3	1.2731
Daily Pivot Point R1	1.2731
Daily Pivot Point R2	1.2731
Daily Pivot Point R3	1.2731

GBP/USD Price Analysis: Grapples to recover recent losses, trades near 1.2730

GBP/USD looks to halt a two-day losing streak, trading slightly higher near 1.2730 during the Asian hours on Tuesday. The GBP/USD pair receives upward support from the hawkish stance of the Bank of England (BoE), coupled with the speculation on the Federal Reserve’s (Fed) dovish stance on the interest rate trajectory in the first quarter of 2024. Read More...

Author

FXStreet Team

FXStreet

EUR/USD extends advance toward 1.1700 amid USD weakness

EUR/USD extends its upside toward 1.1700 in the European session on Monday. The US Dollar wilts across the board amid renewed concerns over the US Federal Reserve's independence. Traders await the Eurozone Sentix Investor Confidence data for fresh directives.

GBP/USD rises further above 1.3450 as Fed concerns weigh on USD

GBP/USD builds on its recovery above 1.3450 in the European trading hours on Monday. The pair capitalizes on renewed US Dollar weakness, fuelled by fresh attacks from the US administration on Fed Chair Powell, which undermines the central bank's independence.

Gold consolidates below record highs at $4,600

Gold holds its retreat from fresh record highs of $4,601 in the European session on Monday. Reports that US President Donald Trump is weighing a series of potential military options in Iran fuel the risk of a further escalation of geopolitical tensions will likely keep Gold underpinned despite the latest profit-taking pullback.

Solana rebounds amid steady ETF inflows, privacy-focused hackathon

2026 economic and market outlook

As an aggregate, key economic indicators point towards the global economy growing further in out 2026 Economic and Market outlook. In particular, the G20 countries, which account for roughly 80% of the total global GDP are projected to grow by 2.9% next year.

Solana Price Forecast: SOL rebounds amid steady ETF inflows, privacy-focused hackathon

Solana edges higher by 2% at press time on Monday, adding to the nearly 3% rise from Sunday. A steady inflow into US spot SOL-focused Exchange Traded Funds reflects deeper institutional support for Solana. Additionally, Solana is exploring private transactions through a hackathon starting on Monday.