Pound Sterling Price News and Forecast: GBP/USD: Bounces after printing a doji, as morning-star looms

FXStreet Team FXStreet

GBP/USD Price Analysis: Bounces after printing a doji, as morning-star looms

GBP/USD registered modest gains on Friday after a soft US jobs data report spurred speculations the US Federal Reserve (Fed) might end its tightening cycle. Nevertheless, failure to crack the 1.2800 figure would likely keep the Sterling (GBP) pressured in the medium term. The GBP/USD trades at 1.2755, a gain of 0.34% at the time of writing. Read More...

Pound Sterling soars amid mixed US Employment report, Bailey's hawkish guidance

The Pound Sterling (GBP) climbs sharply near 1.2750, capitalizing on the recovery move, as the market mood starts reviving and the Bank of England (BoE) delivers a hawkish interest rate decision. The GBP/USD pair eyes more gains as the BoE raises interest rates by 25 basis points (bps) to 5.25%, the highest in the past 15 years. The central bank leaves the door open for further policy tightening as inflation is extremely far from the desired rate of 2%. Read More...

GBP/USD risks a probable drop to 1.2580 – UOB

Further losses now appear on the table for GBP/USD in the short-term horizon, according to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group. Read More...

GBP/USD

Overview
Today last price	1.2751
Today Daily Change	0.0042
Today Daily Change %	0.33
Today daily open	1.2709

Trends
Daily SMA20	1.2898
Daily SMA50	1.2728
Daily SMA100	1.258
Daily SMA200	1.2311

Levels
Previous Daily High	1.2728
Previous Daily Low	1.2621
Previous Weekly High	1.2996
Previous Weekly Low	1.2763
Previous Monthly High	1.3142
Previous Monthly Low	1.2659
Daily Fibonacci 38.2%	1.2662
Daily Fibonacci 61.8%	1.2687
Daily Pivot Point S1	1.2643
Daily Pivot Point S2	1.2578
Daily Pivot Point S3	1.2536
Daily Pivot Point R1	1.2751
Daily Pivot Point R2	1.2793
Daily Pivot Point R3	1.2858

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 loses as rising US Dollar, geopolitical tensions weigh on sentiment

GBP/USD inches lower after remaining flat in the previous day, trading around 1.3500. The currency pair continues to hold its losses as the US Dollar gains strength ahead of a crucial inflation report. Investors are watching this upcoming reading closely, as it is expected to play a major role in shaping the Federal Reserve’s next interest rate decision.

EUR/USD consolidates below mid-1.1500s ahead of German HICP, US CPI

The EUR/USD pair struggles to gain any meaningful traction and holds steady around mid-1.1500s during the Asian session, within a familiar range held over the past week or so. Traders keenly await the release of the key US inflation data and further developments surrounding the Middle East crisis before placing fresh directional bets.

Gold awaits US CPI inflation for the next big move

Gold is back on the bids and looks to regain the $4,400 level in Wednesday’s Asian trading, having found buyers near the $4,350 region. All eyes remain on the high-impact US Consumer Price Index data, which could determine if Gold stretches higher or corrects sharply.

Crypto Overview: Bitcoin loses $64,000 – LINK, DOGE sustain gains

Bitcoin is trading below $64,000 amid a broader market risk-off sentiment. Emerging as top performers over the last 24 hours, Chainlink and Dogecoin sustain gains, hinting at an extended recovery. CoinMarketCap’s Fear and Greed Index at 38 reflects persistent risk-averse sentiment in the crypto market.

US Dollar: CPI keeps USD in tight ranges

OCBC’s Sim Moh Siong and Christopher Wong note the US Dollar softened as Fed hike expectations moderated and the US yield curve steepened. They argue that without a strong upside surprise in United States Consumer Price Index, the USD should stay rangebound, supporting carry trades.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.