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

EUR/USD edges lower below 1.1650 as Middle East tensions fuel US Dollar strength

The EUR/USD pair trades in negative territory around 1.1635 during the early Asian session on Thursday. The US Dollar strengthens against the Euro as escalating Middle East conflict boosts safe-haven flows. Traders brace for the Eurozone Retail Sales and US weekly Initial Jobless Claims reports, which will be released later on Thursday.

GBP/USD tests key moving averages as growth downgrade weighs

GBP/USD was nearly flat on Wednesday, edging up 0.08% to settle around 1.3370 in a quiet session. The pair has fallen sharply from its late-January high near 1.3870 and is now testing the 200-day Exponential Moving Average, with this week's one-week forex heatmap showing Pound Sterling as one of the worst performers against the US Dollar, down about 1.4% on the week.

Gold re-attempts $5,200 amid a softer USD; reduced Fed rate cut bets cap gains

Gold bounces toward $5,200 for the second consecutive day on Thursday amid a modest US Dollar weakness. Wednesday's upbeat US macro data further tempered hopes for three rate cuts by the Fed in 2026. Furthermore, escalating Middle East tensions might continue to benefit the USD's status as the global reserve currency and contribute to capping the bullion.