Our previous outlook for GBPUSD still stands, as the pair has held above the 1.3280 support level. GBPUSD managed to hold above 1.3280 and has rebounded toward 1.3500 so far.
Pound Sterling Price News and Forecast: GBP/USD jumps to near 1.3460
GBP/USD Price Forecast: US-Iran reaches deal supports advance beyond 20-day EMA
British Pound: Steady against US Dollar before key BoE and data – Scotiabank
British Pound: Poised to fall toward 1.3100 against US Dollar – BBH
U.S. dollar continuing to be a bit stubborn on Friday, as we are looking at the markets through the prism of “what's next?” Headlines will continue to be an issue.
The British pound is testing the critical 1.33 support zone, while silver continues to challenge the 65 level after markets experienced a brief risk-on reaction following news of a completed peace deal. However, uncertainty persists, and the key technical scenarios remain unchanged.
The ongoing US-Iran ceasefire and Trump's recent push for a settlement supported improved risk appetite. DXY showed consolidation in its ascending channel while EUR/USD tested key support and GBP/USD defended rising channel floor.
British Pound: Bullish bias within higher band against US Dollar – UOB
The Pound to Australian Dollar (GBP/AUD) exchange rate remained close to two-month highs on Thursday as escalating tensions in the Middle East continued to weigh on global risk appetite and undermine demand for the risk-sensitive Australian Dollar. At the time of writing, GBP/AUD was trading at AU$1.9097 after touching a two-month high of.
GBP/USD Price Forecast: Stays capped below key 100-day SMA with UK GDP in focus
Pound Sterling Price News and Forecast: GBP/USD slips as war-driven PPI fuels US Dollar rebound