|

Pound Sterling Price News and Forecast: GBP/USD: Sell trade hits targets +4%

GBP/USD: Sell trade hits targets +4%

On April 22 2026 I posted on social media @AidanFX the GBPUSD sell trade with stop loss and targets – ”GBP/USD Sold at 1.3520 Stop Loss at 1.3535 Target 1 at 1.3490 Target 2 at 1.3475″.

GBPUSD moves lower and on April 23 2026 price hits the 4R target at 1.3460 from 1.3520 and I closed the sell trade for +60 pips (+4% gain risking 1% on every trade). Read more...

GBPUSD

Pound Sterling trades subduedly ahead of Fed-BoE policy announcements

The Pound Sterling (GBP) trades with caution against its major currency peers, higher against antipodeans, during the early European trading session on Wednesday. The GBP/USD pair edges lower to near 1.3510, but is broadly sideways, as the US Dollar (USD) trades calmly ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.

As of writing, the US Dollar Index (DXY), which gauges the Greenback’s value against six major currencies, is 0.1% up around 98.70. According to the CME FedWatch tool, the Fed is certain to keep interest rates unchanged in the range of 3.50%-3.75% for the third meeting in a row. Read more...

Author

FXStreet Team

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.

More from FXStreet Team
Share:

Editor's Picks

GBP/USD advances to fresh monthly high above 1.3550

GBP/USD gains traction in the American session and trades at its highest level in a month at around 1.3550 on its way to a positive weekly closing. The US Dollar remains under pressure following the disappointing Retail Sales data and helps the pair push higher.

EUR/USD climbs toward 1.1600 on broad USD weakness

EUR/USD gathers bullish momentum on Friday and trades in positive territory above 1.1550. The US Dollar weakens heading into the weekend as markets continues to scale back bets for a rate hike in September following the disappointing July Retail Sales and UoM Consumer Sentiment data.

Gold bounces from weekly low on softer US Dollar, fading September Fed hike bets

Gold (XAU/USD) rebounds and closes in on $4,400 on Friday after opening the day in negative territory and falling to a fresh weekly low of $4,311, supported by a softer US Dollar (USD) and fading expectations of an imminent Federal Reserve (Fed) interest rate hike. The metal, however, remains below the two-month high of $4,449 touched on Thursday.

Pi Network Price Forecast: PI extends consolidation as bulls eye $0.10
Pi Network (PI) price holds steady on Friday, maintaining a consolidating tone for three consecutive days. Mild retail strength in the PI token remains stable, with Open Interest above $9 million, while social buzz eases. PI token’s technical outlook is mixed, as bearish momentum wanes to neutral, with bulls eyeing the $0.1000 psychological level.
 Weekly focus: Some relief in US inflation concerns

Actual inflation data for July came out as expected with a 0.1% m/m increase in headline CPI and 0.2% excluding food and energy. Annual headline inflation remains too high at 3.4% and means that wage earners are experiencing stagnating spending power at best, and core inflation is a bit higher than the inflation target of two percent would suggest.

Why is Crude Oil priced for a reopening the ships haven't made?
Fourteen vessels crossed the Strait of Hormuz on Tuesday. Before the war, the count ran near 120 a day. In the sessions since the waterway was publicly declared open, Brent has drifted back to $87 and West Texas Intermediate (WTI) to $81, both a little lower again on Wednesday, with daily momentum on each unwound from the top of its range in late July to the low twenties now.