Pound Sterling Price News and Forecast: Pound recovers as steady UK wage deepens BoE rate-cut uncertainty

FXStreet Team FXStreet

Pound Sterling recovers as steady UK wage growth deepens BoE rate-cut uncertainty

The Pound Sterling (GBP) discovers strong buying interest near the psychological support of 1.2500 against the US Dollar in Tuesday’s New York session. The GBP/USD pair rebounds as the impact of weak United Kingdom (UK) Employment data for three months ending in March was offset by steady wage growth. Also, a decline in the US Dollar despite hot United States Producer Price Index (PPI) has boosted demand for the Cable. Read More...

GBP/USD clings to near 1.2550 ahead of Unemployment Rate

GBP/USD hovers around 1.2560 during the Asian session on Tuesday following the improved risk appetite. The Pound Sterling (GBP) received support from higher-than-anticipated UK Gross Domestic Product (GDP) figures released on Friday. The UK economy expanded by 0.6% in Q1, surpassing expectations and signaling the end of the country's brief recession. This robust economic rebound represents the strongest growth seen in over two years. Read More...

GBP/USD consolidates its gains above 1.2550 ahead of UK employment data

The GBP/USD pair consolidates its gains near 1.2560 on Tuesday during the early Asian session. The weaker US Dollar (USD) amidst the generalized better tone in the appetite for risk-related assets provides some support to the major pair. Investors will closely monitor the UK employment market, the speech by the BoE's Pill, and US Producer Price Index (PPI) data, due later on Tuesday. Read More...

GBP/USD

Overview
Today last price	1.2592
Today Daily Change	0.0033
Today Daily Change %	0.26
Today daily open	1.2559

Trends
Daily SMA20	1.249
Daily SMA50	1.2597
Daily SMA100	1.2636
Daily SMA200	1.2542

Levels
Previous Daily High	1.2569
Previous Daily Low	1.2518
Previous Weekly High	1.2594
Previous Weekly Low	1.2446
Previous Monthly High	1.2709
Previous Monthly Low	1.23
Daily Fibonacci 38.2%	1.2549
Daily Fibonacci 61.8%	1.2537
Daily Pivot Point S1	1.2528
Daily Pivot Point S2	1.2497
Daily Pivot Point S3	1.2477
Daily Pivot Point R1	1.2579
Daily Pivot Point R2	1.26
Daily Pivot Point R3	1.2631

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 rebounds after falling toward 1.1700

EUR/USD gains traction and trades above 1.1730 in the American session, looking to end the week virtually unchanged. The bullish opening in Wall Street makes it difficult for the US Dollar to preserve its recovery momentum and helps the pair rebound heading into the weekend.

GBP/USD steadies below 1.3400 as traders assess BoE policy outlook

Following Thursday's volatile session, GBP/USD moves sideways below 1.3400 on Friday. Investors reassess the Bank of England's policy oıtlook after the MPC decided to cut the interest rate by 25 bps by a slim margin. Meanwhile, the improving risk mood helps the pair hold its ground.

Gold stays below $4,350, looks to post small weekly gains

Gold struggles to gather recovery momentum and stays below $4,350 in the second half of the day on Friday, as the benchmark 10-year US Treasury bond yield edges higher. Nevertheless, the precious metal remains on track to end the week with modest gains as markets gear up for the holiday season.

Crypto Today: Bitcoin, Ethereum, XRP rebound amid bearish market conditions

Bitcoin (BTC) is edging higher, trading above $88,000 at the time of writing on Monday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are following in BTC’s footsteps, experiencing relief rebounds following a volatile week.

How much can one month of soft inflation change the Fed’s mind?

One month of softer inflation data is rarely enough to shift Federal Reserve policy on its own, but in a market highly sensitive to every data point, even a single reading can reshape expectations. November’s inflation report offered a welcome sign of cooling price pressures.

XRP rebounds amid ETF inflows and declining retail demand demand

XRP rebounds as bulls target a short-term breakout above $2.00 on Friday. XRP ETFs record the highest inflow since December 8, signaling growing institutional appetite.