ForexNewsPlus Updates

GBP/USD Poised for Breakout as Sterling Hits Two-Month High

GBP/USD is currently at 1.3565 in Wednesday’s European session, remaining close to the two-month high of 1.3590 reached on Tuesday — and the gap between these figures is significant at this moment. Seven consecutive sessions of Sterling gains against the Dollar represent the most sustained directional move Cable has produced in months, and the pair … Read more

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GBP/USD Hits 6-Week High as Dollar Weakness Drives Rally

GBP/USD is currently at 1.3515 on Tuesday morning, marking the highest level in six weeks. This extends a winning streak of seven sessions, resulting in an increase of approximately 365 pips from the low of 1.3150 recorded on March 31. The pair has moved clearly above the 1.3500 psychological level, which had acted as structural … Read more

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GBP/USD Stays Strong Near 1.34 as Dollar Weakens at Resistance

GBP/USD is currently positioned at 1.3420 on Friday, maintaining a position just above the 1.3415 support level after navigating within a 1.3415-1.3430 range for the majority of the Asian session, which clearly indicates the market’s current level of conviction. The pair has rebounded roughly 300 pips from its early April low around 1.3150 — a … Read more

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GBP/USD Rallies on Weak Dollar Amid Iran Ceasefire

Sterling continues to strengthen as the ceasefire in Iran triggers widespread selling of the US Dollar. The decline in oil prices, coupled with a positive shift in sentiment, has bolstered the rally of the Pound. The delicate nature of the ceasefire and potential regional assaults may continue to limit upward potential. The Pound Sterling experiences … Read more

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GBP/USD Stalls Near Lows as Geopolitics and Strong USD Weigh

On Tuesday, GBP/USD is consolidating at 1.3232. The pound is hovering close to its lowest global levels since late November, influenced by increasing pressure from the uncertainty surrounding the Iran conflict and escalating oil prices. The US dollar remains bolstered by robust US labor market data, leading to diminished expectations regarding Federal Reserve easing. US … Read more

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GBP/USD Slides as Strong U.S. Data Lifts Dollar

On Good Friday, April 3, 2026, GBP/USD is positioned around $1.3230, maintaining slight gains from the Asian trading session following a decline exceeding 0.5% during Thursday’s turbulent market conditions. Trading volume in all currency pairs is currently at significantly reduced levels due to the Good Friday holiday, which has led to minimal staffing on institutional … Read more

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GBP/USD Under Pressure as Stagflation Risks Weigh on Sterling

GBP/USD ended a five-day decline on Tuesday, hovering around 1.3200 after bouncing back from a session low of 1.3150. However, the technical structure, macro fundamentals, and institutional positioning all indicate a consistent trend towards lower levels. The pair has decreased from its January 27 peak of 1.3869 — the highest point since September 2021 — … Read more

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GBP/USD Under Pressure from Oil and Rates

GBP/USD is trading at approximately 1.3350–1.3417 on Wednesday, March 25, 2026 — extending Tuesday’s decline, flirting with two-day lows, and sitting in a technical position that mirrors almost exactly the structural challenge facing every major currency trying to rally against the dollar in a war-driven, oil-inflated, rate-differential-dominated environment. The pair has been unable to clear … Read more

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GBP/USD Swings as Oil and War Drive Markets

GBP/USD faced significant pressure, dipping to $1.3223 during the Asian session. However, a recovery ensued, lifting Cable above $1.3400 following Trump’s announcement of a ceasefire in Iran, which led to a sharp decline in the USD and a resurgence of risk appetite in the markets. The intraday range — from $1.3223 to $1.3457 by mid-session … Read more

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GBP/USD Nears Key 1.3400 Breakout Zone

GBP/USD commenced Thursday at approximately 1.3244, establishing support during the Asian session by rebounding from the critical swing zone between 1.3244 and 1.3252. It entered North American trading close to the 100-hour moving average at 1.3301 and experienced a rise to 1.3356 after the Bank of England’s announcement — reflecting an increase of around 0.76% … Read more