Pound Sterling Price News and Forecast: GBP/USD trades in a narrow range

FXStreet Team FXStreet

Pound Sterling climbs higher as economists remain gung-ho over UK's economic outlook

The Pound Sterling (GBP) jumps higher in Friday's early American session as the United Kingdom's economic outlook strengthens. The GBP/USD pair advances toward Thursday's high as market sentiment improves.

Meanwhile, investors await fresh guidance on Bank of England (BoE) interest rates. While uncertainty over the timing of BoE rate cuts continues to persist, investors hope that the central bank could reduce interest rates in the early part of the second half of this year. The chances for a rate cut in the June policy meeting are under 50%, while a dovish decision for August seems inevitable. Read more...

Outlook brightens for Pound Sterling – MUFG

GBP/USD advanced above 1.2700 for the first time in three weeks on Thursday. Economists at MUFG Bank analyze the Pound Sterling (GBP) outlook. Read more...

GBP/USD

Overview
Today last price	1.2679
Today Daily Change	0.0018
Today Daily Change %	0.14
Today daily open	1.2661

Trends
Daily SMA20	1.2634
Daily SMA50	1.2676
Daily SMA100	1.2528
Daily SMA200	1.2569

Levels
Previous Daily High	1.271
Previous Daily Low	1.2612
Previous Weekly High	1.2688
Previous Weekly Low	1.2536
Previous Monthly High	1.2786
Previous Monthly Low	1.2597
Daily Fibonacci 38.2%	1.2672
Daily Fibonacci 61.8%	1.2649
Daily Pivot Point S1	1.2612
Daily Pivot Point S2	1.2563
Daily Pivot Point S3	1.2514
Daily Pivot Point R1	1.271
Daily Pivot Point R2	1.2759
Daily Pivot Point R3	1.2808

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 eyes 1.1800 barrier near two-month highs

EUR/USD extends its gains for the second consecutive day on Tuesday and approaches 1.1800. On the daily chart, technical analysis indicates a persistent bullish bias, as the pair moves upward within the ascending channel pattern. Additionally, the 14-day Relative Strength Index at 68.89 reaffirms the bullish bias.

GBP/USD climbs to 1.3500 area, renews ten-week high

GBP/USD extends its weekly rally and trades at its highest level since early October near 1.3500. The US Dollar remains under persistent bearish pressure heading into the holidays, while Pound traders largely brush off the latest interest rate cut from the Bank of England.

Gold approaches $4,500 as record-setting rally continues

Gold builds on Monday's impressive gains and advances toward $4,500, setting fresh record-highs along the way. Heightened geopolitical tensions, combined with the broad-based US Dollar (USD) weakness ahead of the Q3 GDP data, help XAU/USD preserve its bullish momentum.

Uniswap holds above $6 as traders eye UNIfication vote outcome

Uniswap price holds above $6 at the time of writing on Tuesday after closing above a key resistance zone in the previous week. Traders are focusing on the highly anticipated UNIfication proposal, which is set to conclude on Thursday, and could become a key near-term catalyst. On the technical side, momentum indicators are flashing bullish signals, hinting at an upside rally.

Ten questions that matter going into 2026

2026 may be less about a neat “base case” and more about a regime shift—the market can reprice what matters most (growth, inflation, fiscal, geopolitics, concentration). The biggest trap is false comfort: the same trades can look defensive… right up until they become crowded.

XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.