Pound Sterling Price News and Forecast: GBP/USD subdued despite climbing above 1.2700

FXStreet Team FXStreet

GBP/USD Price Analysis: Subdued despite climbing above 1.2700

The British Pound erases some of its previous losses against the US Dollar and rises some 0.29%, as the GBP/USD aims above 1.2700 after bouncing off a daily low of 1.2674. Data from the United States (US) was cheered by market participants and weighed on the safe-haven peers, like the Greenback. Read More...

Pound Sterling recovers as decline in US Dollar offsets weak UK Retail Sales

The Pound Sterling (GBP) bounces back above 1.2700 against the US Dollar (USD) in Friday’s New York session. Earlier, the GBP/USD pair faced significant pressure after the United Kingdom (UK) Office for National Statistics (ONS) reported a sharp decline in Retail Sales data for April and the US Dollar extended recovery. Read More...

GBP/USD loses its recovery momentum below 1.2700, eyes on UK Retail Sales

The GBP/USD pair loses its recovery momentum near 1.2695 during the early Asian session on Friday. The major pair edges lower after retracing from the recent top around 1.2760 amid renewed US Dollar (USD) demand. Later on Friday, the UK Retail Sales, US Durable Goods Orders, and Michigan Consumer Sentiment Index will be due. Read More...

GBP/USD

Overview
Today last price	1.274
Today Daily Change	0.0042
Today Daily Change %	0.33
Today daily open	1.2698

Trends
Daily SMA20	1.2591
Daily SMA50	1.2581
Daily SMA100	1.2633
Daily SMA200	1.2541

Levels
Previous Daily High	1.2747
Previous Daily Low	1.2686
Previous Weekly High	1.2712
Previous Weekly Low	1.2509
Previous Monthly High	1.2709
Previous Monthly Low	1.23
Daily Fibonacci 38.2%	1.2709
Daily Fibonacci 61.8%	1.2723
Daily Pivot Point S1	1.2674
Daily Pivot Point S2	1.2649
Daily Pivot Point S3	1.2612
Daily Pivot Point R1	1.2735
Daily Pivot Point R2	1.2771
Daily Pivot Point R3	1.2796

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 rebounds after falling toward 1.1700

EUR/USD gains traction and trades above 1.1730 in the American session, looking to end the week virtually unchanged. The bullish opening in Wall Street makes it difficult for the US Dollar to preserve its recovery momentum and helps the pair rebound heading into the weekend.

GBP/USD steadies below 1.3400 as traders assess BoE policy outlook

Following Thursday's volatile session, GBP/USD moves sideways below 1.3400 on Friday. Investors reassess the Bank of England's policy oıtlook after the MPC decided to cut the interest rate by 25 bps by a slim margin. Meanwhile, the improving risk mood helps the pair hold its ground.

Gold stays below $4,350, looks to post small weekly gains

Gold struggles to gather recovery momentum and stays below $4,350 in the second half of the day on Friday, as the benchmark 10-year US Treasury bond yield edges higher. Nevertheless, the precious metal remains on track to end the week with modest gains as markets gear up for the holiday season.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

How much can one month of soft inflation change the Fed’s mind?

One month of softer inflation data is rarely enough to shift Federal Reserve policy on its own, but in a market highly sensitive to every data point, even a single reading can reshape expectations. November’s inflation report offered a welcome sign of cooling price pressures.

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.