Pound Sterling Price News and Forecast: GBP/USD attracts follow-through buying on Monday amid a bearish USD

FXStreet Team FXStreet

GBP/USD Weekly Forecast: A near-term move to 1.3000 should not be ruled out

The British pound (GBP) maintained its constructive bias well in place this week, motivating GBP/USD to extend its recovery north of 1.2900 the figure, an area last visited in early November.

The strong move higher in Cable came almost exclusively on the back of the firm and persistent selling impulse in the US Dollar (USD), which remained at the mercy of the White House’s alternating mood regarding the implementation of tariffs. Also underpinning the solid tone around the sterling, 10-year gilt yields rose to multi-week lows near the 4.80% level, running out of some steam afterwards. Read more...

GBP/USD stands firm near multi-month peak, just below mid-1.2900s on weaker USD

The GBP/USD pair kicks off the new week on a positive move and trades around the 1.2940-1.2945 region during the Asian session, or a four-month high touched on Friday. Moreover, the bearish sentiment surrounding the US Dollar (USD) supports prospects for an extension of last week's breakout momentum above the very important 200-day Simple Moving Average (SMA).

In fact, the USD Index (DXY), which tracks the Greenback against a basket of currencies, hangs near its lowest level since early November touched in reaction to weaker US monthly employment details on Friday. The headline Nonfarm Payrolls (NFP) print showed that the US economy added 151K jobs in February, less than consensus estimates. Adding to this, the previous month's reading was revised down to 125K and the Unemployment Rate unexpectedly edged higher to 4.1% from 4.0% in January. Read more...

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 consolidates below 1.1700 amid cautious markets

EUR/USD is holding steady below 1.1700 in the European trading hours on Thursday. The pair pauses its losing streak as the US Dollar consolidates the recent recovery amid a cautious market mood and ahead of the mid-tier US employment data.

GBP/USD turns lower to near 1.3450 amid softer risk tone

GBP/USD loses ground to trade near 1.3450 in the early European session on Thursday. Markets turn cautious amid simmering geopolitical tensions and ahead of the US labor market data due later in the day.

Gold sticks to intraday losses below $4,450; seems vulnerable to slide further

Gold maintains its offered tone through the first half of the European session and currently trades near the lower end of its daily range, down for the second straight day. The downfall lacks any obvious fundamental catalyst and could be attributed to some follow-through profit-taking ahead of the release of the US Nonfarm Payrolls report on Friday.

Pi Network flashes bearish potential as selling pressure mounts

Pi Network trades above $0.2000 at press time on Thursday, following a nearly 2% decline the previous day. Centralized Exchanges have received 1.90 million PI tokens over the last 24 hours, suggesting risk-off sentiment among holders. The technical outlook for the PI token remains bearish, with a risk of a cross below the 20-day Exponential Moving Average.

2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.