Pound Sterling Price News and Forecast: GBP/USD could struggle to rebound [Video]

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling could struggle to rebound

GBP/USD fails to build on the previous week's strong gains and retreats to the 1.2450 area in the European morning on Monday. Although the technical outlook suggests that the bullish bias remains intact, the pair could have a hard time regaining its traction in the risk-averse market environment.

Safe-haven flows dominate the action in financial markets to start the week, helping the US Dollar (USD) hold its ground. The uncertainty surrounding US President Donald Trump's trade policy after the Wall Street Journal reported that the Trump administration was not planning to negotiate with Canada or Mexico and start imposing 25% tariffs on February 1 causes investors to adopt a cautious stance. Read more...

GBP/USD Elliott Wave technical analysis [Video]

The analysis focuses on the GBPUSD currency pair through Elliott Wave Theory on a daily chart, indicating a bullish trend with an impulsive wave pattern. The key observation lies in Navy Blue Wave 1, which is part of the broader Gray Wave 1, marking the onset of a fresh upward movement.

Currently, the market suggests the completion of Navy Blue Wave 1 within Gray Wave 1, transitioning into the corrective phase of Navy Blue Wave 2. This phase temporarily consolidates previous gains before the bullish trend resumes with further impulsive price action. Read more...

GBP/USD Weekly Outlook: Bearish risks loom amid recovery from 14-month lows

The Pound Sterling (GBP) extended its recovery from 14-month lows of 1.2100 against the US Dollar (USD), with GBP/USD testing offers above 1.2400.

US President Donald Trump returned to the White House for the second term, and his tariff talks remained the primary market driver, influencing risk sentiment, the US Dollar, and eventually the high-beta currency pair - GBP/USD. The Greenback languished in monthly lows against its major rivals amid uncertainty over Trump’s tariff policy and his calls to lower interest rates and the USD. Read more...

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EUR/USD seems fragile below 1.1700 as Middle East war boosts energy prices

The EUR/USD pair trades flat at around 1.1680 during the Asian trading session on Tuesday, but broadly seems vulnerable, being close to its five-week low. The major currency pair is under pressure as surging oil prices due to the United States-Israel war with Iran have increased the risks of higher inflation for the Old Continent.

GBP/USD hovers around 1.3400 with bearish pressure intact

GBP/USD edges higher after three days of losses, trading around 1.3400 during the Asian hours on Tuesday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold stays bullish as Iran war continues to spur safe-haven flows

Gold is finding renewed bids in Asian trades on Tuesday, making another attempt to regain the $5,400 level amid persistent demand for safe-haven assets as the Iran war extends. A softer risk tone remains in play as US President Donald Trump continues to threaten deeper escalation to the ongoing war with Iran, warning that a “big wave” is yet to come.

Top Crypto Gainers: Near Protocol, Virtuals Protocol, and Morpho lead market recovery

Near Protocol, Virtuals Protocol, and Morpho are leading the market recovery with double-digit gains over the last 24 hours. Technically, NEAR extends the breakout of the falling channel pattern, VIRTUAL holds above the 50-day EMA, while MORPHO tests a crucial resistance.

The market is not panicking it is repricing the probability distribution of Oil and time

At the end of the day, markets do not trade morality or geopolitics. They trade transmission channels. And the only channel that truly matters in this maelstrom runs through the price of energy and the time value of money.

Grass 20% bullish breakout defies broader market weakness

Grass (GRASS) is edging up above $0.30 at the time of writing on Monday. The token’s notable 20% intraday surge stands out amid heightened volatility in the broader crypto market.