Pound Sterling Price News and Forecast: GBP/USD stable

FXStreet Team FXStreet

GBP/USD stable: Sentiment shifts in favour of Sterling

The GBP/USD pair held around 1.3430 USD on Thursday, with the pound strengthening yesterday following better-than-expected UK economic growth data. These figures may shape market expectations for Bank of England policy in the coming months.

Since the start of January, sterling has made limited headway against the US dollar but has strengthened notably against the euro. Dollar sentiment remains cautious due to geopolitical tensions involving Iran and Greenland, as well as renewed comments from President Donald Trump questioning the Federal Reserve's independence. Read more...

GBP/USD Elliott Wave: Chopping lower in temporary decline

Back on November 13, while trading at 1.3190, we forecasted a major low and large rally for GBP/USD that may extend to 1.48. Cable, so far, has reached a high of 1.3567 and the pattern we are following appears incomplete.

GBP/USD appears to have completed wave 2 at the 1.3010 low on November 5. We know from our Elliott wave studies that this suggests a wave 3 rally. Wave 3 tends to have a similar size or Fibonacci proportions to the wave 1, or 2025 rally. Read more...

Author

FXStreet Team

FXStreet

EUR/USD drops to six-week lows, pierces 1.1600 post-US data

EUR/USD comes under pressure and trades just below the 1.1600 figure for the first time in 2026, flirting with multi-week troughs on the back of further improvement in the Greenback. Latest data from the US docket saw Initial Jobless Claims dropping below estimates in the week to January 10.

GBP/USD remains weak, falls towards 1.3350

Tracking its risk-sensitive peers, GBP/USD faces increasing selling interest and extends its slump after breaking through the 1.3400 mark on Thursday. Cable’s daily pullback comes in response to the better tone in the US Dollar as investors assess the latest US data releases, and despite encouraging United Kingdom data published earlier in the day.