Pound Sterling Price News and Forecast: GBP/USD languishes near a two-week low
British Pound seems vulnerable near two-week low vs USD; GBP/USD holds above 1.3500
While UK political instability and rising gilt yields would ordinarily be expected to weigh on sterling, recent price action suggests broader USD sentiment and swings in global risk appetite remain the dominant drivers for now. That leaves the pound in the unusual position where deteriorating domestic political fundamentals are being offset by a market still reluctant to embrace the dollar even with higher crude prices and a more geopolitically tense backdrop.
GBP/USD Price Forecast: Dark-cloud cover looms as bears eye 1.3500
With the peace narrative having stalled, it is clear that the FX market is taking a more realistic view of the US-Iran diplomatic talks than stock markets, which remain optimistic despite little real progress.
Forex Market update: The US Dollar rallies sharply as domestic inflation beats expectations and geopolitical uncertainty persists. As EUR/USD and GBP/USD reverse their recent gains amid triple-digit oil prices and fading peace hopes, explore our technical analysis to determine if the Dollar's correction is officially over.
Pound Sterling Price News and Forecast: GBP/USD slides toward trendline support below 1.3600
GBPUSD managed to pass above the resistance of 1.3485 to meet the first target at 1.3580. As we see over the chart, the market is facing the first support zone at 1.3485, where if prices remain above it, more advance will be expected with resistances at 1.3580 and 1.3710-35.
Reduced geopolitical tensions are weighing on the Dollar as investors rotate into riskier currencies. DXY remains capped inside a descending channel near $98.26, EUR/USD grinds higher above $1.174, and GBP/USD defends key support.
GBPUSD is losing ground below the 1.3600 handle, eyeing support at the medium‑term ascending trendline. The pound is under pressure against the dollar amid domestic political uncertainty, lingering Middle East tensions, and ahead of key US CPI data.
Pound Sterling Price News and Forecast: GBP/USD loses traction to around 1.3590
In this webinar we take an in-depth look at the technical trade levels for the US Dollar (DXY), Euro (EUR/USD), British Pound (GBP/USD), Australian Dollar (AUD/USD), Canadian Dollar (USD/CAD), Japanese Yen (USD/JPY), Swiss Franc (USD/CHF), Gold (XAU/USD), Crude Oil (WTI), and Bitcoin (BTC/USD), and S&P 500 (SPX500), Nasdaq (NDX), and Dow Jones (DJI). These are the levels that matter on the technical charts into the weekly open.