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Pound Sterling Price News and Forecast: Pound Sterling struggles to recover

Pound Sterling Price News and Forecast: Pound Sterling struggles to recover
FXStreet TeamFXStreet TeamFXStreet

Pound Sterling struggles to recover despite BoE seems laggard for rate-cut campaign

The Pound Sterling (GBP) is set to end 2023 with decent gains of almost 5.60%. The rally in the Pound Sterling is backed by consistently surging risk-appetite of the market participants due to easing fears of a global recession. Western central banks will likely wind-up their historically faster rate-tightening campaign amid easing price pressures, which has improved appeal for risk-sensitive assets. Read More...
 

GBP/USD improves to near 1.2740 on subdued US Dollar, focus on UK housing data

GBP/USD attempts to recover its losses registered in the previous session. The GBP/USD pair trades slightly higher around 1.2740 during the Asian hours on Friday. The US Dollar (USD) attempted to halt its losing streak before the end of the year 2023, but it appears to be struggling to stay in positive territory. The US Dollar Index (DXY) trades lower around 101.10 at the time of writing. Read More...

GBP/USD

Overview
Today last price1.2746
Today Daily Change0.0013
Today Daily Change %0.10
Today daily open1.2733
 
Trends
Daily SMA201.2659
Daily SMA501.2478
Daily SMA1001.2449
Daily SMA2001.2527
 
Levels
Previous Daily High1.2828
Previous Daily Low1.2713
Previous Weekly High1.2762
Previous Weekly Low1.2612
Previous Monthly High1.2733
Previous Monthly Low1.2096
Daily Fibonacci 38.2%1.2757
Daily Fibonacci 61.8%1.2784
Daily Pivot Point S11.2688
Daily Pivot Point S21.2643
Daily Pivot Point S31.2572
Daily Pivot Point R11.2803
Daily Pivot Point R21.2873
Daily Pivot Point R31.2918

GBP/USD tumbles from 20-week high as markets reverse flows back into the US Dollar, aimed for 1.2700

The GBP/USD rose in early Thursday’s trading window, climbing to a 20-week high before slumping back and seeing a downside extension sparked by an unexpected climb in US Treasury yields during a 7-year T-note auction.

The US Dollar (USD) is now flat on the week against the Pound Sterling (GBP), declining nearly 0.9% from Thursday’s high as the GBP/USD heads back towards the 1.2700 handle. Read More...

Author

FXStreet Team

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.

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AUD/USD consolidates above 0.6950 amid risk aversion

AUD/USD consolidates above 0.6950 amid risk aversion

AUD/USD consolidates in the Asian session on Thursday, trading just above 0.6950 as traders assess developments in the Middle East crisis. The Pentagon reportedly ordered readiness for potential strikes against Iran. This keeps the geopolitical risk premium in play, which, along with hawkish FOMC Minutes and elevated US bond yields, will likely keep the US Dollar underpinned at the expense of the pair.

USD/JPY slips below 158.00 as USD retreats

USD/JPY slips below 158.00 as USD retreats

USD/JPY returns to the red below 158.00 in the Asian session on Thursday amid speculation that authorities will step in to prop up the Japanese Yen. Meanwhile, the US Dollar eases from near an 18-month high on profit taking, ignoring Wednesday's hawkish FOMC Minutes and the risk of a further escalation of tensions in the Middle East, adding to the pair's pullback.

Gold rebounds from two-month lows; will it sustain?

Gold rebounds from two-month lows; will it sustain?

Gold is bouncing back toward $4,150 early Thursday after defending $4,100 on Wednesday. US Dollar retreats on profit-taking, despite high Treasury yields and hawkish Fed Minutes. Risks remain skewed to the downside for Gold while RSI stays bearish.



Cryptocurrencies face new security risk as Ethereum researcher warns of potential ECDSA break

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Ethereum (ETH) researcher Justin Drake has urged the crypto industry to begin preparing for a potential breakthrough that could undermine the cryptographic systems securing digital assets. In an X post on Wednesday, Drake called on the industry to calmly enter what he described as “bunker mode.”

The Fed trap is tightening

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Gold is getting punched in the mouth again today. And if you’ve been following this bull market for any length of time, you know that’s not necessarily a bad thing. In fact, it may be giving us exactly the opportunity we’ve been waiting for.
The UK 30-year gilt just hit a 1998 high. Is that good or bad for the British Pound?

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.

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