Pound Sterling Price News and Forecast: Pound Sterling recovers strongly

FXStreet Team FXStreet

Pound Sterling recovers strongly as monthly US core PCE Inflation declines

The Pound Sterling (GBP) recovers intraday losses and jumps to 1.2750 in Friday’s American session. The GBP/USD rises as monthly United States core Personal Consumption Expenditure Price Index (PCE) data for April misses estimates. The underlying inflation grew at a slower pace of 0.2% from the estimates and the prior release of 0.3%. Read More...

GBP/USD trades with mild gains above 1.2700, focus on US PCE data

The GBP/USD pair edges higher near 1.2730 during the early Asian session on Friday. The USD Index (DXY) faces some selling pressure, and this provides some support to the major pair. Investors will closely monitor the US Core Personal Consumption Expenditures Price Index (Core PCE) for April, which is due later on Friday. Read More...

GBP/USD

Overview
Today last price	1.2729
Today Daily Change	-0.0003
Today Daily Change %	-0.02
Today daily open	1.2732

Trends
Daily SMA20	1.2645
Daily SMA50	1.2582
Daily SMA100	1.2634
Daily SMA200	1.2541

Levels
Previous Daily High	1.2747
Previous Daily Low	1.2681
Previous Weekly High	1.2761
Previous Weekly Low	1.2676
Previous Monthly High	1.2709
Previous Monthly Low	1.23
Daily Fibonacci 38.2%	1.2722
Daily Fibonacci 61.8%	1.2706
Daily Pivot Point S1	1.2693
Daily Pivot Point S2	1.2654
Daily Pivot Point S3	1.2627
Daily Pivot Point R1	1.2759
Daily Pivot Point R2	1.2786
Daily Pivot Point R3	1.2826

GBP/USD Price Analysis: Recovers above 1.2700 amid soft US Dollar

The Pound Sterling recovered some ground against the US Dollar on Thursday, as US Treasury yields are sliding, undermining the Greenback. Consequently, the GBP/USD bounced off weekly lows, reached 1.2680, and traded at 1.2728, gaining 0.20%. Read More...

Author

FXStreet Team

FXStreet

EUR/USD tumbles below 1.1800 as Middle East turmoil drives US Dollar demand

The EUR/USD pair falls to near 1.1770 during the early Asian session on Monday, pressured by a renewed US Dollar demand. The Greenback gathers strength against the Euro as the conflict across the Middle East is heightening traders' anxiety, boosting the safe-haven currencies.

GBP/USD declines below 1.3450 on Middle East tensions, UK political uncertainty

The GBP/USD pair attracts some sellers to around 1.3420 during the early Asian session on Monday. The US Dollar edges higher against the Cable amid escalating tensions in the Middle East after recent US-Israeli strikes on Iran over the weekend.

Gold jumps over 2% toward $5,400 after US, Israel attack Iran

Gold is on fire at the start of the week, a widely expected move, as investors seek harbor in the traditional store of value, following the continued US and Israel attacks on Iran. The bright metal opened with a bullish gap of about $17 and rallied toward the $5,400 level as Asian traders hit their desks and reacted negatively to the weekend news of the Middle East conflict, rushing for cover in Gold.

Iran escalation: Quick thoughts on markets

Markets are likely to open the week with risk-off, with declines led by airlines, cyclicals and trade-exposed names, while energy, defense and “strategic” sectors may be relatively steadier.

Crisis in the Middle East: The market reaction

A primer on how markets will open on Monday, and why geopolitical risk may not be easily absorbed by financial markets this time around. Geopolitics and events between Iran, the US and the wider Middle East will dominate financial markets on Monday. The situation has continued to escalate as we move through Sunday.

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.