Pound Sterling Price News and Forecast: GBP/USD tests below 1.24 as Pound Sterling softens

FXStreet Team FXStreet

GBP/USD tests below 1.24 as Pound Sterling softens

The Pound Sterling (GBP) is notably bearish for Thursday, briefly breaking beneath the 1.2400 major handle against the Greenback (USD) as bears keep the GBP pinned to the floor. Read More...

Pound Sterling cracks as hawkish BoE bets deepen recession risks

The Pound Sterling (GBP) prints a fresh four-month low as strong wage growth momentum in August has set a hawkish undertone for the Bank of England’s (BoE) September monetary policy decision. The GBP/USD pair dropped sharply despite investors hope that a hawkish interest rate decision from the BoE will scrap its policy divergence with the Federal Reserve (Fed). Read More...

GBP/USD: A drop to 1.2400 still appears in the pipeline – UOB

GBP/USD could still slip back to the 1.2400 region in the next weeks, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More...

GBP/USD

Overview
Today last price	1.2407
Today Daily Change	-0.0083
Today Daily Change %	-0.66
Today daily open	1.249

Trends
Daily SMA20	1.2612
Daily SMA50	1.2749
Daily SMA100	1.2656
Daily SMA200	1.2431

Levels
Previous Daily High	1.2512
Previous Daily Low	1.2435
Previous Weekly High	1.2643
Previous Weekly Low	1.2446
Previous Monthly High	1.2841
Previous Monthly Low	1.2548
Daily Fibonacci 38.2%	1.2464
Daily Fibonacci 61.8%	1.2482
Daily Pivot Point S1	1.2446
Daily Pivot Point S2	1.2402
Daily Pivot Point S3	1.2369
Daily Pivot Point R1	1.2523
Daily Pivot Point R2	1.2556
Daily Pivot Point R3	1.26

Author

FXStreet Team

FXStreet

EUR/USD hits fresh 2026 lows near 1.1570

EUR/USD adds to Monday’s heavy losses and reaches new yearly lows around 1.1570 on Tuesday. The pair’s deep pullback comes as the US Dollar extend its strong bounce, always propped up by the intense flight-to-safety environment amid the deteriorating geopolitical landscape in the Middle East.

GBP/USD attacks 1.3300, refreshing three-month lows

GBP/USD is deep in the red near 1.3300, accelerating its downside to renew three-month lows in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar capitalizes on increased haven demand.

Gold meets buyers around $5,000, remains under pressure

Gold comes under renewed and marked selling pressure on Tuesday, dangerously approaching the critical $5,000 mark per troy ounce, reversing at the same time four consecutive daily advances. The yellow metal’s bearish tone comes on the back of the increasing demand for the Greenback and investors’ repricing of Fed rate cuts.