Pound Sterling Price News and Forecast: GBP/USD attracts some buyers to around 1.3290
The US Dollar remained firm ahead of today's nonfarm payrolls report amid sticky core inflation and monetary policy divergence. DXY held at $101.33 inside a blue ascending channel while EUR/USD held $1.1388 support and GBP/USD defended $1.3289 resistance zone.
GBPUSD continues to show an incomplete bearish sequence from the January 27, 2026 high, keeping the bias tilted lower. The potential target can be measured using the 100% to 161.8% Fibonacci extension from that peak.
Our previous projection for the GBPUSD still applies after the market fell below the daily trend support at 1.3280, which could lead to more pressure over the market. As we see from the previous chart, Intraday prices show resistance around 1.3325, where as long as prices hold below it, more of a drop toward targets […]
Against the backdrop of a weak UK economy and inflation above target, the Bank of England paused on 18 June, leaving the base rate unchanged at 3.75% for a fourth consecutive meeting, despite internal disagreements among committee members over the need for a rate hike. The contrast with the European Central Bank's actions was notable: on 11 June, the ECB raised interest rates in response to a surge in eurozone inflation driven by higher energy prices amid the Middle East conflict.
With strong U.S. fundamentals, fiscal deficits, and reserve-currency status, the Dollar gained ground amid shifting risk sentiment. DXY held steady at $101.34, EUR/USD defended blue trendline support, and GBP/USD maintained bullish structure above $1.3206.
British Pound: Upside capped against US Dollar – UOB
The Pound to Australian Dollar (GBP/AUD) exchange rate briefly climbed to a three-month high overnight before giving back some gains as market sentiment improved during European trading. At the time of writing, GBP/AUD was trading at AU$1.9221, down from its overnight peak of AU$1.9280.
The Pound to Dollar (GBP/USD) exchange rate traded in a narrow range on Tuesday as mixed economic data from both the UK and the US left investors struggling to find a clear direction. At the time of writing, GBP/USD was trading at $1.3249, virtually unchanged on the day.
GBP/USD Price Forecast: Slides below 1.3250 after failing to break through 23.6% Fibo.
Pound Sterling Price News and Forecast: GBP/USD holds firm as political stability offsets UK growth miss
With strong U.S. fundamentals, fiscal deficits, and reserve-currency status, the Dollar gained ground amid shifting risk sentiment. DXY held steady at $101.31, EUR/USD defended blue trendline support, and GBP/USD maintained bullish structure above $1.3206.