Pound Sterling Price News and Forecast: GBP/USD struggles to extend pullback from monthly high

FXStreet Team FXStreet

GBP/USD wobbles around 1.3800 on Brexit, inflation chatters, UK Retail Sales, PMIs eyed

GBP/USD retreats to 1.3790 following its first negative daily close in three. In doing so, the cable pair fades the late Thursday’s bounce off 1.3776 during Friday’s Asian session. UK Retail Sales, PMI can offer immediate direction ahead of the US activity data.

GBP/USD

Overview
Today last price	1.3805
Today Daily Change	0.0013
Today Daily Change %	0.09
Today daily open	1.3792

Trends
Daily SMA20	1.3641
Daily SMA50	1.3714
Daily SMA100	1.3805
Daily SMA200	1.3849

Levels
Previous Daily High	1.3833
Previous Daily Low	1.3776
Previous Weekly High	1.3773
Previous Weekly Low	1.3568
Previous Monthly High	1.3913
Previous Monthly Low	1.3412
Daily Fibonacci 38.2%	1.3798
Daily Fibonacci 61.8%	1.3811
Daily Pivot Point S1	1.3768
Daily Pivot Point S2	1.3744
Daily Pivot Point S3	1.3711
Daily Pivot Point R1	1.3825
Daily Pivot Point R2	1.3857
Daily Pivot Point R3	1.3881

GBP/USD analysis: Remains below 1.3830

The resistance of the weekly R1 simple pivot point and the 1.3830 mark has continued to keep the rate down. On Thursday, a decline of the rate retreated to 1.3800 and shortly traded below the round exchange rate level before slightly recovering. In the meantime, by connecting the Wednesday and Thursday low levels and combining it with the resistance of the 1.3830 level, an ascending triangle pattern can be observed.

EUR/USD looks apathetic around 1.1770

EUR/USD comes under renewed pressure on Tuesday, deflating below the 1.1800 support and reversing two consecutive days of gains. The pair’s decline follows the persistent move higher in the US Dollar, as trade uncertainty dominates the sentiment ahead of President Trump’s SOTU speech.

GBP/USD regains 1.3500 and above

GBP/USD extends its advance for the third day in a row on Tuesday, this time retesting the area beyond the 1.3500 hurdle. Cable’s uptick comes despite decent gains in the Greenback and the dovish message from the BoE’s Bailey at the UK Parliament.

Gold appears offered around $5,150

Gold is giving back a good portion of the recent multi-day rally, receding to the $5,150 zone per troy ounce amid the decent bounce in the US Dollar and mixed US Treasuty yields. In the meantime, markets’ attention remain on upcoming comments from Fed speakers.

Crypto Today: Bitcoin, Ethereum, XRP come under renewed pressure amid ETF outflows, tariff uncertainty

Bitcoin, Ethereum and Ripple are trading under increasing selling pressure at the time of writing on Tuesday, as market participants navigate renewed tariff uncertainty. The Crypto King holds above $63,000, down 2% intraday from its $64,656 open.

The Citrini report: How a debatable AI narrative can shake Wall Street

That AI-related headline alone was enough to rattle investors.US stocks slid sharply on Monday after a widely circulated Citrini Research memo outlined a hypothetical “2028 Global Intelligence Crisis”, warning that rapid AI adoption could push US unemployment into double digits as early as by mid-2028.

XRP pressured by weak ETF flows and declining retail interest

Ripple (XRP) is edging lower, trading above its intraday low of $1.32 at the time of writing on Tuesday. The decline from its weekly opening of $1.39 reflects heightened volatility in the broader cryptocurrency market, accentuated by tariff-triggered uncertainty.