Pound Sterling Price News and Forecast: GBP/USD tumbles to the 1.2700 psychological support

FXStreet Team FXStreet

GBP/USD Price Analysis: Dives to near 1.2700 psychological support followed by 14-day EMA

GBP/USD halts its three-day winning streak, trading around 1.2700 psychological level during the Asian session on Monday. The GBP/USD pair seems to face a critical juncture, with the possibility of a break below the psychological level. If this occurs, it could surpass the 14-day Exponential Moving Average (EMA) at 1.2692.

A breach below this support region might exert downward pressure on the GBP/USD pair, potentially leading it to navigate toward the major support at 1.2650. This level aligns with the 23.6% Fibonacci retracement at 1.2643, serving as a significant area to watch for potential price movements. Read more...

GBP/USD edges lower to near 1.2710 after recent gains on improved risk appetite

GBP/USD halts its winning streak that began on Wednesday, trading around 1.2710 during the Asian session on Monday. However, the Pound Sterling (GBP) received upward support against the US Dollar (USD) on improved risk appetite after the mixed economic data from the United States (US).

The US Dollar Index (DXY) maintains a sideways movement near 102.40 with a negative bias, potentially influenced by the decline in the short-term yield on the 2-year US Treasury bond. The yield on the 2-year bond trades lower at 4.38%, by the press time. Read more...

GBP/USD

Overview
Today last price	1.2701
Today Daily Change	-0.0019
Today Daily Change %	-0.15
Today daily open	1.272

Trends
Daily SMA20	1.2686
Daily SMA50	1.2543
Daily SMA100	1.2448
Daily SMA200	1.2538

Levels
Previous Daily High	1.2771
Previous Daily Low	1.2611
Previous Weekly High	1.2771
Previous Weekly Low	1.2611
Previous Monthly High	1.2828
Previous Monthly Low	1.2501
Daily Fibonacci 38.2%	1.271
Daily Fibonacci 61.8%	1.2672
Daily Pivot Point S1	1.2631
Daily Pivot Point S2	1.2541
Daily Pivot Point S3	1.2471
Daily Pivot Point R1	1.279
Daily Pivot Point R2	1.2861
Daily Pivot Point R3	1.295

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.

AUD/USD bulls regain control above 0.6950 amid USD retreat

AUD/USD regains traction and extends the previous day's bounce from the weekly low, aiming for 0.7000 in Asia on Friday. The overnight pullback in US bond yields keeps the US Dollar below an 18-month high, which in turn offers some support to the pair. Meanwhile, hawkish RBA expectations also keep the major underpinned.

USD/JPY holds gains near 158.00 after Japan's weak Household Spending data

USD/JPY clings to gains around 158.00 after data showed on Friday that Japan's Household Spending fell for the ninth straight month, undermining the Japanese Yen. Meanwhile, the US Dollar remains depressed as the overnight fall in US bond yields counters a hawkish Fed and geopolitical uncertainties, could cap any downside in the pair.

Gold remains range-bound below $4,200

Gold has given up some ground after an initial bullish attempt to reach weekly highs, returning to below the $4,200 mark per troy ounce on Friday. The US Dollar’s strong upside momentum, combined with rising US Treasury yields across the curve, seems to keep further gains in the yellow metal under scrutiny.

Ethereum activates Glamsterdam on Sepolia testnet: Why the price is falling anyway

Ethereum (ETH) has reached a key milestone in its next major network upgrade. The planned changes aim to improve Ethereum’s Layer 1 capacity and efficiency as network activity grows. The development comes as ETH retreats toward $2,500, highlighting the contrast between the network’s long-term technical progress and its short-term market weakness.

Week ahead – US CPI, France’s budget crisis and Q3 earnings to set the market tone

US CPI and retail sales will shape Fed hike expectations. France’s fiscal crisis adds pressure on the Euro and ECB. Australian jobs figures and UK data to test RBA and BoE hike bets.

The UK 30-year gilt just hit a 1998 high. Is that good or bad for the British Pound?

The yield on the UK's 30-year government bond, or gilt, went through 6% on October 1 for the first time since early 1998, and on Monday the Pound was at its strongest against the Euro since June 2025. The gilt market's 28-year high is mostly someone else's. Since early May, the 30-year gilt yield has risen about 0.15 of a percentage point and the US 30-year about 0.7.