TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Pound Sterling Price News and Forecast: GBP/USD struggles at 1.2500

Pound Sterling Price News and Forecast: GBP/USD struggles at 1.2500
FXStreet TeamFXStreet TeamFXStreet

GBP/USD struggles at 1.2500, retraces amidst US recession fears, Fed pause

GBP/USD faces strong resistance at around 1.2500 and retraces due to risk aversion as investors assess a possible recession in the United States (US). The latest US economic data paints a gloomy scenario, which is already foreseen by the US Federal Reserve (Fed) as the last piece of the puzzle, the larbor market, showed signs of slowing down. The GBPUSD trades at 1.2459, down by 0.33%. Read More...
GBP/USD Daily chart

GBP/USD consolidates its recent gains to multi-month top, stuck in a range around 1.2500

The GBP/USD pair is seen oscillating in a narrow trading band through the early part of the European session on Wednesday and consolidates its recent gains to its highest level since June 2022 touched the previous day. The pair is currently placed around the 1.2500 psychological mark and seems poised to prolong the upward trajectory witnessed over the past month or so. Read More...
 

GBP/USD treads water at multi-day top near 1.2500 ahead of US PMI, employment statistics

GBP/USD bulls jostle with the bears at the 10-month high surrounding 1.2500 as they await the key US/UK data during early Wednesday. Not only cautious mood ahead of the important statistics but corrective bounces in the US Dollar and yields also allow the Cable pair buyers to take a breather of late. Read More...

GBP/USD

Overview
Today last price1.246
Today Daily Change-0.0042
Today Daily Change %-0.34
Today daily open1.2502
 
Trends
Daily SMA201.2217
Daily SMA501.2153
Daily SMA1001.2143
Daily SMA2001.1897
 
Levels
Previous Daily High1.2525
Previous Daily Low1.2395
Previous Weekly High1.2424
Previous Weekly Low1.2219
Previous Monthly High1.2424
Previous Monthly Low1.1803
Daily Fibonacci 38.2%1.2476
Daily Fibonacci 61.8%1.2445
Daily Pivot Point S11.2423
Daily Pivot Point S21.2344
Daily Pivot Point S31.2293
Daily Pivot Point R11.2553
Daily Pivot Point R21.2604
Daily Pivot Point R31.2683

Author

FXStreet Team

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.

More from FXStreet Team
Share:

Editor's Picks

GBP/USD trims losses, approaches 1.3500

GBP/USD trims losses, approaches 1.3500

GBP/USD adds to the multi-day negative streak, although it has managed to bounce off earlier four-week lows near 1.3470 on Wednesday. Meanwhile, Cable’s deep correction comes despite the tepid performance in the Greenback and the persistent geopolitical concerns.

EUR/USD slips back toward 1.1580 on USD recovery

EUR/USD slips back toward 1.1580 on USD recovery

EUR/USD comes under some pressure and revisits the 1.1580 region as the NA session draws to a close on Wednesday. That said, spot adds to Tuesday’s bearish performance while the Greenback is slowly gathering steam and leaving behind earlier lows.

Gold fails near $4,400 as Fed hike bets and Iran tensions support USD

Gold fails near $4,400 as Fed hike bets and Iran tensions support USD

Gold consolidates below $4,400 during the Asian session on Thursday, stalling the previous day's goodish recovery from a four-week low. Escalating US-Iran tensions and September Fed rate hike bets counter Wednesday's weak US ADP report, offering some support to the US Dollar and capping the commodity. However, sliding US bond yields could act as a tailwind for the non-yielding bullion.

Bitcoin holds $63K and $86K range as profit-taking risk builds

Bitcoin holds $63K and $86K range as profit-taking risk builds

Bitcoin's recovery faces growing resistance as the market trades between a major accumulation zone below current prices and a dense concentration of potential supply overhead, according to a Glassnode report published Wednesday. After climbing above $80,000 on August 27, BTC encountered sustained selling pressure and retreated toward $76,000, triggering a series of long liquidations.

US President Donald Trump: Renewed campaign against Iran will not continue for too long

US President Donald Trump: Renewed campaign against Iran will not continue for too long

US President Donald Trump said that while the US is prepared to strike Iran again at any time, he doesn’t expect the renewed fighting to last “too long,” Reuters reported on Wednesday. Iran’s Supreme Leader Mojtaba Khamenei said that Iran’s armed forces have “unforgettable lessons” in store for the US in his first message since fighting resumed after a month of relative calm.
Diesel’s record $100 warning: The oil shock hiding in plain sight

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.

Best Brokers in 2026

Top Brokers in the MENA Region
Top Brokers in the MENA Region
Best Prop Trading Firms in 2026
Best Prop Trading Firms in 2026
Best Crypto Exchanges & Trading Platforms in 2026
Best Crypto Exchanges & Trading Platforms in 2026
Five best Forex brokers in 2026
Five best Forex brokers in 2026
Best brokers in Indonesia
Best brokers in Indonesia
Best brokers in Latin America - LATAM 2026
Best brokers in Latin America - LATAM 2026
Best brokers to trade EUR/USD
Best brokers to trade EUR/USD
Brokers with Islamic and swap-free accounts
Brokers with Islamic and swap-free accounts
Best Forex Brokers with low spreads in 2026
Best Forex Brokers with low spreads in 2026
Best brokers to trade Gold
Best brokers to trade Gold
Best CFD Brokers in 2026
Best CFD Brokers in 2026
Best Regulated Brokers in 2026
Best Regulated Brokers in 2026