Pound Sterling Price News and Forecast: GBP/USD sellers look to retain control [Video]

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GBP/USD Forecast: Pound Sterling sellers look to retain control

After losing more than 0.3% on Monday, GBP/USD staged a rebound early Tuesday but failed to gather momentum. The pair stays in a consolidation phase slightly above 1.3600 in the European session.

The cautious market mood helped the US Dollar (USD) gather strength at the beginning of the week and caused GBP/USD to push lower. Although the White House announced that the deadline for the implementation of tariffs will be pushed to August 1, safe-haven flows dominated the action as the letters sent out by US President Donald Trump to trading partners showed that Japan and South Korea were to face 25% tariffs. Read more...

GBP/USD Elliott Wave technical analysis [Video]

The GBP/USD daily chart indicates a bullish trend based on Elliott Wave principles. Price action is impulsive, forming orange wave 3 within the broader navy blue wave 5. This structure points to continued upward movement, though a correction in orange wave 4 is expected next.

With orange wave 2 behind us, the pair is progressing through orange wave 3, showing strong bullish momentum. The structure’s impulsive nature indicates solid directional movement. The invalidation level is set at 1.33486 — a drop below this would invalidate the current wave count and imply a shift in market trend. Read more...

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EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD slips below key averages as geopolitical risks mount

GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows.

Gold moves closer to $5,150 amid sustained safe-haven flows

Gold climbs back above $5,100 during the Asian session on Wednesday, moving away from an over one-week low, touched the previous day. Sustained safe-haven flow, amid escalating geopolitical tensions in the Middle East, acts as a tailwind for the bullion. However, a bullish US Dollar and reduced bets for more aggressive easing by the US Fed might keep a lid on the non-yielding yellow metal ahead of the US ADP report and ISM Services PMI later today.