British Pound recovers slight losses against US Dollar, JOLTS data eyed
GBP/USD Elliott Wave: Bearish impulse opens room toward 1.3150–1.3000 [Video]
GBP/USD Price Forecast: Fresh downside leg likely below 1.3200
The British Pound gained bearish momentum below 1.3250 against the US Dollar. GBP/USD even tested the 1.3200 zone before it found some support.
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Cable consolidates above new three-month low at 1.3204, posted last Thursday (just ahead of 1.3193, Fibo 38.2% of 1.2100/1.3870 uptrend) after suffering heavy losses in past two weeks (down 2%).
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GBPUSD fell toward the 1.3200 zone as market support remains at 1.3140-60. As long as the market holds above the support zone of 1.3140-60, a rebound towards the 1.3350-1.3400 zone is likely.
GBP/USD forecast: The pound is holding up better than it should
GBP/USD Price Forecast: Holds ground near 1.3200, near-term bias remains bearish
Exchange Rates UK Research's latest September 2026 survey of major investment banks suggests the Pound-to-Euro exchange rate will struggle to extend its 2026 gains, with the median forecast pointing to GBP/EUR around 1.1494 by Q2 2027. With GBP/EUR currently near 1.1627, that represents a decline of approximately 1.1%.
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