Pound Sterling Price News and Forecast: GBP/USD tumbles below 1.2450 as US Dollar strengthens

FXStreet Team FXStreet

GBP/USD tumbles below 1.2450 as US Dollar strengthens

The US dollar is rising sharply on Friday, trimming weekly losses after the release of US economic data. GBP/USD is falling almost a hundred pips on the day, trading at 1.2445. Read More...

GBP/USD

Overview
Today last price	1.241
Today Daily Change	-0.0112
Today Daily Change %	-0.89
Today daily open	1.2522

Trends
Daily SMA20	1.2358
Daily SMA50	1.2166
Daily SMA100	1.2178
Daily SMA200	1.1911

Levels
Previous Daily High	1.2537
Previous Daily Low	1.2478
Previous Weekly High	1.2525
Previous Weekly Low	1.2275
Previous Monthly High	1.2424
Previous Monthly Low	1.1803
Daily Fibonacci 38.2%	1.2515
Daily Fibonacci 61.8%	1.2501
Daily Pivot Point S1	1.2488
Daily Pivot Point S2	1.2453
Daily Pivot Point S3	1.2429
Daily Pivot Point R1	1.2547
Daily Pivot Point R2	1.2572
Daily Pivot Point R3	1.2606

GBP/USD: A test of 1.2600 appears on the cards – UOB

The continuation of the upside momentum could motivate GBP/USD to challenge the 1.2600 neighbourhood in the next few weeks, suggest Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group. Read More...

GBP/USD Price Analysis: Ready to refresh multi-month high above 1.2500

GBP/USD bulls take a breather at the highest levels in 10 months, making rounds to mid-1.2500s heading into Friday’s London open. Read More...

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.

EUR/USD turns negative toward 1.1500 ahead of ECB rate decision

EUR/USD has come under fresh selling pressure and heads toward 1.1500 in Thursday's European trading. Rising bets that the European Central Bank will deliver a rate hike after its June policy meeting could limit the Euro's retreat amid renewed US Dollar demand. The focus now remains on the ECB's updated projections and Lagarde's words.

GBP/USD falls to 1.3350, as traders brace for US PPI data

GBP/USD is falling back to near 1.3350 in the European session on Thursday. Increased hawkish Fed bets and looming Mideast geopolitical risks sponsor the latest leg up in the US Dollar, as traders brace for the US PPI data.

Gold sticks to modest recovery gains near $4,100; looks to US PPI

Gold holds mild recovery gains near the $4,100 region, managing to hold above the lowest level since November 2025. A softer Core US Consumer Price Index eased concerns about a runaway inflation spiral, weighing on the US Dollar and prompting some intraday short-covering around the precious metal. All eyes are now on the US PPI report.

XRP and XLM: Mild recovery attempts emerge amid mixed market signals

Ripple (XRP) and Stellar (XLM) show mild signs of recovery on Thursday after extending losses earlier this week. XRP is holding above the $1.10 level as bearish momentum begins to fade, while XLM has bounced modestly from a key support zone.

European Central Bank set to hike interest rates for first time in nearly three years

The European Central Bank is set to announce its monetary policy decision at 12:15 GMT following its June meeting. The Frankfurt-based institution is widely expected to raise its key interest rates by 25 basis points, taking the deposit facility rate to 2.25% from 2%.

4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.