Pound Sterling Price News and Forecast: GBPUSD picks up bids to refresh intraday high

FXStreet Team FXStreet

GBP/USD Price Analysis: Bulls approach 1.2435 hurdle amid five-day uptrend

GBP/USD stays on the front foot as bulls keep the driver’s seat during early Monday morning in Asia, after a two-week uptrend. That said, the Cable pair renews its intraday high near 1.2410 while rising for the fifth consecutive day as of late. In doing so, the quote extends the previous day’s rebound from the 21-SMA, around 1.2350 by the press time.

GBP/USD Weekly Forecast: Pound Sterling could see continuation of the uptrend

GBP/USD recorded solid gains in the second straight week of 2023, in the face of the continued United States Dollar (USD) downtrend and encouraging United Kingdom fundamentals. The Pound Sterling bulls, however, stalled just ahead of the 1.2450 barrier, as the focus shifts to the US growth figures in the week ahead.

GBP/USD nudges higher above 1.3350 despite Middle East turmoil

The GBP/USD pair rebounds to near 1.3385 during the Asian trading hours on Thursday. However, the potential upside for the major pair might be limited amid cooler-than-expected UK inflation data and escalating tensions in the Middle East. Traders will take more cues from the UK Retail Sales report, which is due later on Friday.

EUR/USD advances ahead of ECB policy decision

EUR/USD extends its gains for the second consecutive day, trading around 1.1410 during the Asian hours on Thursday. The pair gains ground as the Euro finds solid support ahead of the European Central Bank's upcoming interest rate decision.

Gold holds above $4,100 as weak USD counters Fed hike bets amid US-Iran escalation

Gold holds above the $4,100 mark during the Asian session, and seems to have stalled the previous day's modest pullback from an over two-week high. Crude oil prices climb to a fresh high since June 11 amid a further escalation of tensions between the US and Iran, fueling inflation fears and bolstering US Federal Reserve interest rate hike expectations. This lifts US Treasury bond yields to a multi-month high and is seen as a key factor acting as a headwind for the non-yielding bullion.

Australia unemployment rate set to steady at 4.4% in June, signaling strong job market

Australia will publish the June monthly employment report on Thursday at 01:30 GMT, and market participants expect a modest increase in job creation in the land Down Under. The Australian Bureau of Statistics is expected to announce that the country added 15K new jobs in the month, while the Unemployment Rate is forecast at 4.4%, unchanged from May.

Ripple and Stellar await direction amid cautious sentiment

Ripple and Stellar trade cautiously as both tokens hover around key technical levels. XRP is testing resistance at its 50-day EMA, while XLM continues to consolidate around the $0.187 support zone. Meanwhile, mixed derivatives data with a slight bearish tilt suggests traders remain cautious, keeping the next directional move uncertain.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.