Pound Sterling Price News and Forecast: GBP/USD sellers struggle to take control [Video]

FXStreet Team FXStreet

GBP/USD Forecast: Sellers struggle to take control

GBP/USD turned south and fell over 0.5% on the day on Wednesday after reaching its highest level since March 2022 at 1.3266 on Tuesday. The pair finds it difficult to regain its traction early Thursday but it manages to limit its losses.

In the absence of high-tier data releases, the risk-averse market atmosphere helped the US Dollar (USD) gather strength on Wednesday, triggering an overdue correction in GBP/USD. The USD Index, which tracks the USD's performance against a basket of six major currencies, rose 0.5% on the day. Read more...

GBP/USD Elliott Wave technical analysis [Video]

The GBPUSD pair currently demonstrates a bullish trend, as identified through Elliott Wave analysis on the daily chart. The market is in an impulsive phase, reflecting a strong movement aligned with the broader trend. The main structure under observation is gray wave 1, indicating the initiation of a new wave sequence within the overarching trend.

The market’s present position is within orange wave 3, implying that the third wave of the orange degree is underway. This follows the conclusion of orange wave 2, which signals the end of the corrective phase and the continuation of the next impulsive wave. Read more...

GBP/USD Price Forecast: Battles key 1.3210 resistance on the road to recovery

GBP/USD is making a headway back toward the 29-month high set on Tuesday at 1.3266. The pair is helped by a renewed selling seen in the US Dollar even as risk-off flows dominate, in the aftermath of the disappointing guidance shared by the American AI titan, Nvidia.

The divergent monetary policy outlooks between the US Federal Reserve (Fed) and the Bank of England (BoE) also remain in favor of the GBP/USD uptrend. Read more...

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FXStreet Team

FXStreet

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

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Gold rebounds ahead of US ADP, will it last?

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Bitcoin, Ethereum and Ripple struggle for direction as consolidation persists

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Even without a confirmed, sustained disruption, the mere risk to a key global energy chokepoint is enough to inject a significant premium into European Gas markets. And for the Euro, that matters.

Ripple falters amid sell-off jitters and negative funding rates

Ripple (XRP) has come under pressure, drifting lower to $1.35 at the time of writing on Tuesday. The over 2% correction looks poised to erase the previous day’s gains, which lifted the remittance token to $1.42.