Pound Sterling Price News and Forecast: GBP/USD slumps to fresh weekly lows as bears eye 1.2700

FXStreet Team FXStreet

GBP/USD Price Analysis: Slumps to fresh weekly lows as bears eye 1.2700

The British Pound fell to a new weekly low against the Greenback on Wednesday as US Treasury bond yields continued to climb. Federal Reserve officials remained cautious and influenced traders' expectations of just 25 basis points of rate cuts seen toward the end of 2024. The GBP/USD trades at 1.2719, down 0.33%. Read More...

Pound Sterling corrects further against US Dollar ahead of US core PCE inflation

The Pound Sterling (GBP) corrects to 1.2740 against the US Dollar (USD) in Wednesday’s American session after posting a fresh 10-week high at 1.2800 on Tuesday. The rally in the GBP/USD pair stalls as the United Kingdom (UK) inflation outlook softens and the US Dollar (USD) comes out of the woods. Read More...

GBP/USD trims gains above 1.2750 amid US Dollar rebounds

The GBP/USD pair trades with mild losses around 1.2760 during the Asian session on Wednesday. The modest recovery of the US Dollar (USD) and US yields amid the diminishing expectations of a rate cut by the US Federal Reserve (Fed) in September weighs on the major pair. The Fed’s Beige Book is due later on Wednesday and the Fed’s John Williams is due to speak. Read More...

GBP/USD

Overview
Today last price	1.2716
Today Daily Change	-0.0046
Today Daily Change %	-0.36
Today daily open	1.2762

Trends
Daily SMA20	1.2627
Daily SMA50	1.2583
Daily SMA100	1.2634
Daily SMA200	1.2541

Levels
Previous Daily High	1.2801
Previous Daily Low	1.2754
Previous Weekly High	1.2761
Previous Weekly Low	1.2676
Previous Monthly High	1.2709
Previous Monthly Low	1.23
Daily Fibonacci 38.2%	1.2772
Daily Fibonacci 61.8%	1.2783
Daily Pivot Point S1	1.2744
Daily Pivot Point S2	1.2726
Daily Pivot Point S3	1.2697
Daily Pivot Point R1	1.279
Daily Pivot Point R2	1.2819
Daily Pivot Point R3	1.2837

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD stays bid above 1.1700 as risk flows dominate

EUR/USD posts small gains above 1.1700 in early European trading hours on Monday. The US Dollar remains broadly subdued amid a risk-on market profile, underpinning the pair.

GBP/USD clings to recovery gains near 1.3400

GBP/USD is clinging to recovery gains near 1.3400 in early Europe on Monday. The pair capitalizes on an upbeat market mood and a steady US Dollar as traders digest the recent

monetary policy decisions by the Fed and the BoE.

Gold hits fresh record highs above $4,400 amid renewed geopolitical woes

Gold is hitting fresh record highs above $4,400 early Monday, helped by renewed geopolitical tensions. Israel-Iran conflict and US-Venezuela headlines drive investors toward the traditional store of value, Gold.

Bitcoin, Ethereum and Ripple eye breakout for fresh recovery

Bitcoin, Ethereum, and Ripple are approaching key technical levels at the time of writing on Monday as the broader crypto market stabilizes. Market participants are closely watching whether BTC, ETH, and XRP can sustain breakouts and achieve decisive daily closes above nearby resistance levels, which could signal the start of a short-term recovery.

De-dollarisation by design: Gold’s partner in the new system

You don’t need another 2008 for the system to reset. You just need enough nations to stop settling trade in dollars. And that’s already happening. "If gold is the anchor, what actually moves value in a post-dollar world?” It’s a question most gold investors overlook. We think in terms of storage and preservation, but in the new rails being built, settlement speed matters just as much as soundness of money.

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.