Pound Sterling Price News and Forecast: GBP/USD slides toward trendline support below 1.3600

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GBP/USD slides toward trendline support below 1.3600

GBP/USD is losing ground below the 1.3600 handle, eyeing support at the medium‑term ascending trendline. The pound is under pressure against the dollar amid domestic political uncertainty, lingering Middle East tensions, and ahead of key US CPI data.

Momentum indicators are easing within positive territory, with the MACD muted near its signal line and the RSI drifting toward neutral. This suggests consolidation within the 1.3525-1.3625 range may persist, with downside risks increasing if price breaks below the uptrend line and the 20‑day simple moving average (SMA) at the lower bound of the range. Read more...

GBP/USD Price Forecast: 61.8% Fibo retracement near 1.3600 remains key barrier

The GBP/USD pair is down 0.3% to near 1.3570 during the European trading session on Tuesday. The Cable faces selling pressure as the US Dollar (USD) outperforms its peers due to a risk-off market mood.

Market impulse turns risk-averse amid renewed tensions between the United States (US) and Iran. As of writing, S&P 500 futures trade 0.2% lower around 7,395. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is 0.25% higher to near 98.15. Read more...

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GBP/USD breaches below 1.3500, two-day lows

GBP/USD faces renewed selling pressure, eroding the earlier advance and slipping back to the sub-1.3500 region on Wednesday. Cable’s loss of upside momentum follows the resurgence of the demand for the Greenback amid steady geopolitical tensions. Looking ahead, the British Pound is expected to remain under scrutiny in light of the release of UK GDP data on Thursday.

EUR/USD weakens to multi-day lows near 1.1520

EUR/USD makes a U-turn and trades with decent losses near 1.1520 following the closing bell on Wall Street on Wednesday. The US Dollar’s recovery post-US CPI data keeps the risk complex under pressure in a context where geopolitics takes centre stage once again. Moving forward, attention remains on US inflation with the release of Producer Prices alongside weekly Claims.

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Gold climbs back to its highest level since June 5, touched following the release of the US CPI report on Wednesday, and looks to build on an over one-week-old uptrend. Receding Fed-hike bets continue to drive flows towards the non-yielding bullion amid subdued US Dollar price action. However, the US-Iran standoff could limit any meaningful USD decline and cap the precious metal as traders now look to the US PPI for a fresh impetus.

Bitcoin shows early signs of bottom despite lingering market stress

Bitcoin (BTC) is showing several signs of a potential market bottom as multiple indicators show improving market conditions, according to CryptoQuant analysts. CryptoQuant data revealed that Bitcoin has produced a second early bull signal, a pattern that has historically appeared closer to market bottoms.

Gold has priced a Fed pause. The hike is still coming

July inflation landed exactly where the consensus had it, on all four lines of the release, and Gold responded by adding around 1% and holding fast near $4,400/ounce, trading at its highest since early June. A print that surprises nobody is not supposed to move a metal that far.

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.