GBPUSD managed to fall below the support of 1.3585 which could push for a further drop to test the support zone at 1.3380-99. As we see over the previous chart, the support zone of 1.3380-99 could push for another rebound towards 1.3735 and above.
The Pound to Australian Dollar (GBP/AUD) exchange rate struck its worst levels since mid-2024 last week, amid increasingly hawkish Reserve Bank of Australia (RBA) interest rate expectations. Latest — Exchange Rates:Pound to Australian Dollar (GBP/AUD): 1.89548Pound to Dollar (GBP/USD): 1.34872Australian Dollar to Dollar (AUD/USD):.
The Pound US Dollar (GBP/USD) exchange rate wavered through last week's session amid UK political jitters and US trade policy uncertainty. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.34872Euro to Dollar (EUR/USD): 1.18141Dollar to Japanese Yen (USD/JPY): 156.067 DAILY RECAP: The Pound (GBP) came under sustained pressure.
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On the hourly chart of GBP/USD at FXOpen, the pair failed to stay above the 1.3535 pivot level. As a result, the British Pound started a fresh decline below 1.3500 against the US Dollar.
Pound Sterling Price News & Forecast: GBP/USD could find the primary support lies at the reversal zone
Speculative positioning across major FX futures is sending mixed signals. While traders have trimmed net-short exposure to the US dollar, large speculators have swung back to net-short US Dollar Index futures, highlighting a growing divergence beneath the surface.
GBP/USD Price Forecast: Targets 1.3500 barrier near moving averages
GBP/EUR year-ahead forecast: Median, range and upside/downside risks based on projections from 20+ investment banks and FX analysts.View forecasts The Pound to Euro (GBP/EUR) exchange rate ended last week on the back foot, with the cross last seen at 1.1409, down 0.19% on the day. Latest — Exchange Rates:Pound to Euro (GBP/EUR):.