Pound Sterling Price News: Reclaims 1.3500 as Dollar falters on geopolitical shock, weak US data

FXStreet Team FXStreet

GBP/USD reclaims 1.3500 as Dollar falters on geopolitical shock, weak US data

GBP/USD surges over 0.29% on Monday as the Greenback erases earlier gains sponsored by risk aversion in the FX space courtesy of geopolitical developments over the weekend. The pair trades at 1.3500 after bouncing off daily lows of 1.3414. Read More...

Pound Sterling outperforms risky peers at the start of the week

The Pound Sterling (GBP) outperforms its risky currency peers, but faces selling pressure against safe-haven at the start of the week. The British currency gains on expectations that the Bank of England (BoE) will follow a gradual monetary easing cycle in 2026. The BoE stated in its last policy meeting of 2025 that the monetary policy will remain on a “gradual downward path” after reducing interest rates by 25 basis points (bps) to 3.75% with a 5-4 majority in December. Read More...

GBP/USD Price Forecast: Falls toward 1.3400 near 50-day EMA

GBP/USD extends its losses for the second successive session, trading around 1.3420 during the Asian hours on Monday. The technical analysis of the daily chart indicates that the 14-day Relative Strength Index (RSI) at 53 (neutral) has eased from near overbought, indicating that momentum has cooled while remaining above the midline. RSI holds above 50, keeping a modest bullish bias. Read More...

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EUR/USD: Gains remain capped by 1.1650

EUR/USD remains in recovery-mode following the closing bell in Euroland on Wednesday, hovering around the 1.1650 zone amid renewed downside pressure on the US Dollar and a marginal improvement in the global sentiment.

GBP/USD appears bid around 1.3370

GBP/USD reverses part of its recent multi-day decline, gathering some balance and managing to reach the 1.3400 region, where some initial resistance seems to have turned up. Cable’s uptick comes in response to some loss of momentum in the Greenback despite the geopolitical scenario remaining fragile.

Gold recovers modestly despite intensifying Middle East crisis

Gold keeps its daily gains well in place, although a break above the $5,200 mark per troy ounce still remains elusive on Wednesday. The yellow metal’s rebound comes in response to the persistent flight-to-safety amid intense geopolitical tensions in the Middle East and the bearish performance of the US Dollar.