Pound Sterling recovers above 1.2500 as ‘hammer’ hints buyers in charge

FXStreet Team FXStreet

GBP/USD Price Analysis: Recovers above 1.2500 as ‘hammer’ hints buyers in charge

The Pound Sterling erased some of its earlier losses against the US Dollar and edged up by 0.03% after the Bank of England’s (BoE) monetary policy decision. The GBP/USD traded at 1.2503 after hitting a low of 1.2445. Read More...

Pound Sterling recovers BoE-induced losses as US Dollar retreats

The Pound Sterling (GBP) recovers losses from an intraday low of 1.2450 inspired by the less-hawkish Bank of England's (BoE) interest rate policy. The GBP/USD pair rebounds strongly as the US Dollar weakens after the higher-than-expected Initial Jobless Claims (IJC) data. For the week ending May 3, individuals claiming jobless benefits were 231K, significantly higher than the consensus of 210K and the prior reading of 209K, upwardly revised from 208K. Weak jobless claims data has boosted concerns over easing labor market conditions due to higher interest rates by the Federal Reserve (Fed). Read More...

GBP/USD moves below 1.2500 ahead of BoE policy decision

GBP/USD extends its losing streak for the third successive day, trading around 1.2490 during the Asian session on Thursday. Thursday brings the Bank of England (BoE) interest rate decision, with expectations of maintaining interest rate at 5.25%. Read More...

GBP/USD

Overview
Today last price	1.252
Today Daily Change	0.0022
Today Daily Change %	0.18
Today daily open	1.2498

Trends
Daily SMA20	1.2482
Daily SMA50	1.2604
Daily SMA100	1.264
Daily SMA200	1.2545

Levels
Previous Daily High	1.2516
Previous Daily Low	1.2468
Previous Weekly High	1.2635
Previous Weekly Low	1.2466
Previous Monthly High	1.2709
Previous Monthly Low	1.23
Daily Fibonacci 38.2%	1.2486
Daily Fibonacci 61.8%	1.2497
Daily Pivot Point S1	1.2472
Daily Pivot Point S2	1.2446
Daily Pivot Point S3	1.2424
Daily Pivot Point R1	1.252
Daily Pivot Point R2	1.2542
Daily Pivot Point R3	1.2568

Author

FXStreet Team

FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.