Pound Sterling Price News and Forecast: GBP/USD corrects amid geopolitical, economic concerns

FXStreet Team FXStreet

GBP/USD Weekly Outlook: Pound Sterling corrects amid geopolitical, economic concerns

The Pound Sterling (GBP) corrected after topping near 1.3000 against the US Dollar (USD) mid-week. However, the GBP/USD pair holds at its highest level in four months.

Over the weekend, the US launched large-scale airstrikes on Yemen, targeting the Iran-backed militant group Houthis. In response, Houthis attacked US vessels in the Red Sea, which Trump vowed to stop, warning that "hell will rain down" if they continue. Read more...

GBP/USD Elliott Wave technical analysis [Video]

This 4-hour Elliott Wave analysis of GBPUSD focuses on the pair's short-term structure and movement. The current market behavior reflects a corrective phase rather than a strong directional trend. At this stage, Orange Wave 4 is developing within the broader context of Navy Blue Wave 1. Read more...

GBP/USD Forecast: BoE's cautious tone fails to lift Pound Sterling

GBP/USD stays on the back foot and trades below 1.2950 after closing in negative territory on Thursday. The pair's technical outlook highlights a buildup of bearish pressure in the near term.

The Bank of England announced on Thursday that it left the policy rate unchanged at 4.5%, as widely expected. Only one policymaker, Swati Dhingra voted in favor of a 25 basis points (bps) rate cut. In the policy statement, the BoE reiterated that it will stick to a "gradual and careful" approach to removing policy restrain, adding that the policy will need to remain restrictive for sufficiently long. Although the BoE's cautious on further easing limited Pound Sterling's losses, it failed to support the currency in a noticeable way. Read more...

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EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD slips below key averages as geopolitical risks mount

GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows.

Gold bounces back toward $5.200 amid sustained safe-haven flows

Gold bounces back toward $5,200 in Wednesday's Asian session, moving away from an over one-week low. Sustained safe-haven flows, amid escalating geopolitical tensions in the Middle East, act as a tailwind for the bullion. However, a bullish US Dollar and reduced bets for more aggressive easing by the US Fed might keep a lid on the non-yielding yellow metal ahead of the US ADP report and ISM Services PMI data due later in the day.