Pound Sterling Price News and Forecast: GBP/USD tests below 1.24 as Pound Sterling softens

FXStreet Team FXStreet

GBP/USD tests below 1.24 as Pound Sterling softens

The Pound Sterling (GBP) is notably bearish for Thursday, briefly breaking beneath the 1.2400 major handle against the Greenback (USD) as bears keep the GBP pinned to the floor. Read More...

Pound Sterling cracks as hawkish BoE bets deepen recession risks

The Pound Sterling (GBP) prints a fresh four-month low as strong wage growth momentum in August has set a hawkish undertone for the Bank of England’s (BoE) September monetary policy decision. The GBP/USD pair dropped sharply despite investors hope that a hawkish interest rate decision from the BoE will scrap its policy divergence with the Federal Reserve (Fed). Read More...

GBP/USD: A drop to 1.2400 still appears in the pipeline – UOB

GBP/USD could still slip back to the 1.2400 region in the next weeks, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More...

GBP/USD

Overview
Today last price	1.2407
Today Daily Change	-0.0083
Today Daily Change %	-0.66
Today daily open	1.249

Trends
Daily SMA20	1.2612
Daily SMA50	1.2749
Daily SMA100	1.2656
Daily SMA200	1.2431

Levels
Previous Daily High	1.2512
Previous Daily Low	1.2435
Previous Weekly High	1.2643
Previous Weekly Low	1.2446
Previous Monthly High	1.2841
Previous Monthly Low	1.2548
Daily Fibonacci 38.2%	1.2464
Daily Fibonacci 61.8%	1.2482
Daily Pivot Point S1	1.2446
Daily Pivot Point S2	1.2402
Daily Pivot Point S3	1.2369
Daily Pivot Point R1	1.2523
Daily Pivot Point R2	1.2556
Daily Pivot Point R3	1.26

Author

FXStreet Team

FXStreet

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.

GBP/USD retreats from one-week top as USD firms; 1.3300 holds the key

The GBP/USD pair attracts some sellers during the Asians session, and reverses a part of the previous day's strong move up to a one-week top. Spot prices for now seem to have snapped a three-day winning streak and currently trade around the 1.3235-1.3230 region, down nearly 0.20% for the day.

EUR/USD looks to extend intraday descent below 1.1400

The EUR/USD pair attracts some sellers during the Asian session on Tuesday, snapping a three-day winning streak and stalling its recent recovery from the lowest level since May 2025 set last week. Spot prices slip below the 1.1400 mark amid a firmer US Dollar and seem vulnerable to weaken further.

Gold recovers slightly from YTD low; not out of the woods yet

Gold recovers slightly from its lowest level since November 2025, touched during the Asian session, albeit it sticks to a negative bias for the second straight day. Against the backdrop of renewed Mideast tensions, mixed signals on US-Iran talks assist the US Dollar to attract some dip-buyers and stall its recent pullback from the highest level since May 2025.

Ripple defends critical support, Stellar extends recovery

Ripple (XRP) trades around the key $1.00 psychological level, consolidating as the token awaits its next directional catalyst. Stellar (XLM) extends its recovery above $0.178 after posting modest gains at the start of this week.

Just like Fed, is BoJ’s independence under threat?

When talking about central bank independence, most of the focus has been on Donald Trump’s pressure on the Federal Reserve. But a similar story, a quieter one for now, seems to be happening on the other side of the Pacific: Japan’s government may be testing the Bank of Japan’s independence.

Kevin Warsh isn't expected to say much in Sintra: That's exactly why markets will listen

Financial markets could find an important catalyst in the enchanting, fairytale-like landscape of Sintra this week. The ECB Forum will, as it does every year, gather the crème de la crème of central banks. The new boss at the Fed, who has clearly said that the Fed should stop explaining everything, will need to talk – and traders should listen.