Pound Sterling Price News and Forecast: GBP/USD technical rebound could be in the offing

FXStreet Team FXStreet

GBP/USD Weekly Forecast: A technical rebound could be in the offing

Having tested levels below 1.1900 a week ago, GBP/USD lost further ground and hit a new 28-month low of 1.1760 amid a combination of factors that worked against the British pound. The US inflation stood out in the week and added extra legs to the ongoing US dollar rally. Looking ahead, UK employment and inflation will hold the key as the Fed enters the ‘blackout period’. Read more...

GBP/USD sticks to modest gains below mid-1.1800s, moves little post-US Retail Sales

The GBP/USD pair held on to its modest intraday gains, below the 1.1850 region, through the early North American session and moved little in reaction to upbeat US macro data. Retail Sales rose 1% in June, better than estimates for a 0.8% increase. Adding to this, the previous month's reading was also revised higher to show a 0.1% decline as against the 0.3% fall reported earlier. Furthermore, excluding autos, core retail sales also surpassed expectations and climbed 1% in June, up from the 0.5% increase in the previous month. Read more...

GBP/USD

Overview
Today last price	1.1865
Today Daily Change	0.0042
Today Daily Change %	0.36
Today daily open	1.1823

Trends
Daily SMA20	1.2097
Daily SMA50	1.2293
Daily SMA100	1.2658
Daily SMA200	1.3081

Levels
Previous Daily High	1.1895
Previous Daily Low	1.176
Previous Weekly High	1.2165
Previous Weekly Low	1.1876
Previous Monthly High	1.2617
Previous Monthly Low	1.1934
Daily Fibonacci 38.2%	1.1812
Daily Fibonacci 61.8%	1.1844
Daily Pivot Point S1	1.1757
Daily Pivot Point S2	1.1691
Daily Pivot Point S3	1.1622
Daily Pivot Point R1	1.1892
Daily Pivot Point R2	1.1961
Daily Pivot Point R3	1.2027

GBP/USD Forecast: Pound could rebound on weak US data

GBP/USD has recovered and steadied above 1.1800 early Friday after having suffered heavy losses on Thursday. Investors await key macroeconomic data releases from the US and the dollar could face selling pressure in case the probability of a 100 basis points (bps) rate hike in July continues to decline. Read more...

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FXStreet Team

FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.