Pound Sterling Price News and Forecast: GBP/USD turns south as markets discount a less aggressive BoE

FXStreet Team FXStreet

GBP/USD turns south as markets discount a less aggressive BoE, USD strength

In Tuesday’s session, the GBP/USD fell below the 1.2500 area near 1.2490, seeing nearly 0.14% losses. The main downward driver of the Cable is investors placing dovish bets on the Bank of England (BoE) and the Greenback recovering ground, and markets remain cautious ahead of inflation figures from the US from August. Read More...

Pound Sterling turns vulnerable after disappointing labor market data

The Pound Sterling (GBP) fails to defend its crucial support at 1.2500 after the release of a vulnerable labor market report for July. The GBP/USD pair remains under pressure on signs of increasing unemployment but persistent wage growth. Bank of England (BoE) policymakers are expected to face pressure from a stubborn inflation outlook due to strong wage growth and a bleak labor market outlook due to higher interest rates. Read More...

GBP/USD consolidates its losses above the 1.2500 mark following UK labor data

The GBP/USD pair consolidates its recent losses above the 1.2500 area during the early European trading hours on Tuesday. The major pair currently trades near 1.2515, up 0.04% on the day. Read More...

GBP/USD

Overview
Today last price	1.249
Today Daily Change	-0.0020
Today Daily Change %	-0.16
Today daily open	1.251

Trends
Daily SMA20	1.2635
Daily SMA50	1.2757
Daily SMA100	1.2655
Daily SMA200	1.2428

Levels
Previous Daily High	1.2548
Previous Daily Low	1.2466
Previous Weekly High	1.2643
Previous Weekly Low	1.2446
Previous Monthly High	1.2841
Previous Monthly Low	1.2548
Daily Fibonacci 38.2%	1.2517
Daily Fibonacci 61.8%	1.2498
Daily Pivot Point S1	1.2468
Daily Pivot Point S2	1.2426
Daily Pivot Point S3	1.2386
Daily Pivot Point R1	1.255
Daily Pivot Point R2	1.259
Daily Pivot Point R3	1.2633

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 stays weak near 1.3250 on resurgent USD demand

GBP/USD stays weak near 1.3250 in European trading on Tuesday, reversing a part of the previous day's advance to a one-week high. The pair ditches a three-day winning streak, undermined by the USD/JPY upsurge-led broad US Dollar rebound. US jobs data in next in focus.

EUR/USD stays below 1.1400 after soft German inflation data

EUR/USD stays on the back foot and trades in negative territory below 1.1400 on Tuesday, looking to snap a three-day winning streak amid a firmer US Dollar. Softer-than-expected June inflation readings from Germany make it even more difficult for the Euro to stay resilient against the USD.

Gold rebounds after hitting fresh 2026-low, trades above $4,000

Gold (XAU/USD) builds on its intraday recovery from the lowest level since November 2025, touched below $3,950 earlier this Tuesday, and trades marginally higher on the day above $4,000. Any meaningful appreciation still seems elusive in the wake of a broadly firmer US Dollar. Against the backdrop of renewed Mideast tensions, mixed signals on US-Iran talks assist the USD and limit XAU/USD's upside.

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.

US JOLTS Job Openings expected to show strong labor demand, endorsing Fed rate hike bets

The US Bureau of Labor Statistics will release the Job Openings and Labor Turnover Survey for May on Tuesday at 14:00 GMT. Job openings are expected to come in at 7.3 million in May.

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.