Pound Sterling Price News and Forecast: GBP/USD soars past 1.2900 as USD weakens on soft CPI

FXStreet Team FXStreet

GBP/USD Price Analysis: Soars past 1.2900 as USD weakens on soft CPI

The Pound Sterling extended its gains on Thursday following better-than-expected data from the UK as the economy expanded above estimates. US inflation missed the mark, coming softer a headwind for the Greenback. Therefore, the GBP/USD trades at 1.2927, up 0.62%. Read More...

Pound Sterling jumps above 1.2900 on soft US Inflation, strong UK GDP growth

The Pound Sterling (GBP) surges above the round-level resistance of 1.2900 against the US Dollar (USD) in Thursday’s American session. The GBP/USD pair strengthens as the United States (US) Consumer Price Index (CPI) for June showed that price pressures softened more than expected in June. Annual headline and core CPI, which strips off volatile food and energy prices, decelerated to 3% and 3.3%, respectively. Monthly headline inflation deflated by 0.1%, while economists forecasted growth at a similar pace. The core CPI grew at a slower pace of 0.1% from the estimates and the prior release of 0.2%. Read More...

GBP/USD Price Analysis: Holds position above 1.2850 nearing a pullback resistance

GBP/USD continues to advance for the second consecutive session, trading around 1.2860 during Asian hours on Thursday. The analysis of the daily chart shows that the pair is moving upward within an ascending channel, which indicates a bullish bias in the pair's price action. Read More...

Author

FXStreet Team

FXStreet

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.

AUD/USD eyes 0.7150 barrier nine-day EMA

AUD/USD inches higher after registering modest losses in the previous day, trading around 0.7130 during the Asian hours. The technical analysis of the daily chart indicates that the pair is moving sideways within the rectangle pattern, suggesting a consolidation as neither the bulls nor the bears have enough momentum to take control of the market.

USD/JPY trades below 160.00 intervention threshold; bullish bias intact

The USD/JPY pair attracts some sellers during the Asian session amid fears that authorities will step in again to prop up the Japanese Yen. Furthermore, the Israel-Lebanon truce prompts some profit-taking around the US Dollar and exerts downward pressure on the currency pair.

Gold meets contention near $4,420…for now

Gold extends its recovery past the $4,500 mark per troy ounce on Thursday. The yellow metal’s advance comes amid the resurgence of some selling interest around the, improving risk sentiment, and declining US Treasury yields across the curve.

Bitcoin’s massive storm is back: Why the sell-off is far from over

Bitcoin price action over the last few weeks has felt less like a normal, healthy correction and more like a slow grinding crash that continues to wreak havoc on holdings and trading accounts. And everything suggests that the dramatic crash isn’t over.

Nonfarm payrolls: Testing the limits of Fed policy patience

The upcoming nonfarm payrolls report for May will provide the final update on the US labor market before Kevin Warsh attends his first policy meeting as the new Fed Chair later this month.

Recession on paper: What really moves the Canadian Loonie now?

Statistics Canada handed the headline writers a gift and the analysts a headache. Real GDP shrank 0.1% on an annualized basis in the first quarter, and with the fourth quarter of 2025 revised down to a 1.0% contraction, that is two negative quarters in a row, the textbook definition of a technical recession and Canada's first since the pandemic.