Created
: 2025.10.13
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
GBP/USD Price Forecast: Trades with positive bias above mid-1.3300s, around 38.2% Fibo. level
World FX news
Breaking news
GBP/USD Price Forecast: Trades with positive bias above mid-1.3300s, around 38.2% Fibo. level
New
2025.10.13 14:36
2025.10.13 14:36
2025.10.13 14:36
- GBP/USD attracts buyers for the second straight day amid subdued USD demand.
- The divergent Fed-BoE policy expectations remain supportive of the positive move.
- The mixed technical setup warrants some caution before placing fresh bullish bets.
The GBP/USD pair gains some positive traction for the second consecutive day on Monday as dovish Federal Reserve (Fed) bets, and the risk-on impulse keep the safe-haven US Dollar (USD) depressed. Spot prices trade just above mid-1.3300s during the Asian session and look to build on Friday's goodish rebound from the 1.3260 area, or the lowest level since August 5.
The global risk sentiment gets a strong boost after US President Donald Trump backtracked on his threatened 100% tariffs on Chinese imports from November 1. This comes on top of expectations that the US central bank will lower borrowing costs two more times this year and concerns about a prolonged US government shutdown, which undermines the safe-haven buck. Furthermore, bets that the Bank of England (BoE) will keep interest rates on hold for the rest of this year benefit the British Pound and act as a tailwind for the GBP/USD pair.
From a technical perspective, Friday's breakout through the 23.6% Fibonacci retracement level of the monthly downfall backs the case for additional intraday gains. However, negative oscillators on 4-hour/daily charts make it prudent to wait for some follow-through strength beyond the 38.2% Fibo. retracement level, before placing fresh bullish bets. The GBP/USD pair might then surpass the 1.3400 round figure and climb further towards the 1.3420-1.3425 confluence support - the 200-hour Simple Moving Average (SMA) and the 61.8% Fibo. retracement level.
On the flip side, the 1.3330-1.3325 region (23.6% Fibo.) now seems to protect the immediate downside ahead of the 1.3300 mark and the multi-month low, around the 1.3260 area touched on Friday. The subsequent fall should pave the way for an extension of a nearly one-month-old downtrend from the 1.3725 zone, or over a two-month peak touched in September, towards the 1.3200 round figure. The latter is closely followed by the very important 200-day SMA, around the 1.3180-1.3175 region, which, if broken decisively, will be seen as a fresh trigger for bearish traders.
GBP/USD 1-hour chart
Pound Sterling FAQs
The Pound Sterling (GBP) is the oldest currency in the world (886 AD) and the official currency of the United Kingdom. It is the fourth most traded unit for foreign exchange (FX) in the world, accounting for 12% of all transactions, averaging $630 billion a day, according to 2022 data. Its key trading pairs are GBP/USD, also known as 'Cable', which accounts for 11% of FX, GBP/JPY, or the 'Dragon' as it is known by traders (3%), and EUR/GBP (2%). The Pound Sterling is issued by the Bank of England (BoE).
The single most important factor influencing the value of the Pound Sterling is monetary policy decided by the Bank of England. The BoE bases its decisions on whether it has achieved its primary goal of "price stability" - a steady inflation rate of around 2%. Its primary tool for achieving this is the adjustment of interest rates. When inflation is too high, the BoE will try to rein it in by raising interest rates, making it more expensive for people and businesses to access credit. This is generally positive for GBP, as higher interest rates make the UK a more attractive place for global investors to park their money. When inflation falls too low it is a sign economic growth is slowing. In this scenario, the BoE will consider lowering interest rates to cheapen credit so businesses will borrow more to invest in growth-generating projects.
Data releases gauge the health of the economy and can impact the value of the Pound Sterling. Indicators such as GDP, Manufacturing and Services PMIs, and employment can all influence the direction of the GBP. A strong economy is good for Sterling. Not only does it attract more foreign investment but it may encourage the BoE to put up interest rates, which will directly strengthen GBP. Otherwise, if economic data is weak, the Pound Sterling is likely to fall.
Another significant data release for the Pound Sterling is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period. If a country produces highly sought-after exports, its currency will benefit purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Last updated
: 2025.10.13
Related articles
NZD/USD Price Forecast: Remains below 0.5750 near nine-day EMA due to waning bearish bias
1 minutes agoEUR/USD holds previous gains as trade fears weigh on the US Dollar
13 minutes agoUSD/CHF wobbles above 0.8000 with trade fears looming
18 minutes agoForex Today: Trump's renewed tariff threats weigh on USD, lift Gold
18 minutes agoUSD/CAD softens to near 1.4000 as job data reduces BoC rate cut bets
48 minutes agoEUR/GBP holds positive ground above 0.8700 as France's Macron unveils new government
2025.10.13 15:17
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
NZD/USD Price Forecast: Remains below 0.5750 near nine-day EMA due to waning bearish bias
NZD/USD extends its losses for the fifth successive session, trading around 0.5740 during the early European hours on Monday. The daily chart's technical analysis signals a potential bullish reversal as the pair price moves ahead in the descending wedge pattern.
New
2025.10.13 16:48EUR/USD holds previous gains as trade fears weigh on the US Dollar
EUR/USD stands comfortably above 1.1600, trading at 1.1615 at the time of writing on Monday, as the latest trade rift between the US and China has hurt the US Dollar, and the US federal government remains closed with little prospects of an upcoming solution.The US Dollar dropped on Friday after US P
New
2025.10.13 16:36USD/CHF wobbles above 0.8000 with trade fears looming
The US Dollar is hesitating right above the 0.8000 line against the Swiss Franc on Monday, with investors wary that the trade rift between the US and China might lead to a full-blown trade war.US President Trump soothed investors on Sunday by easing his tone against China in a social media post that
New
2025.10.13 16:31Forex Today: Trump's renewed tariff threats weigh on USD, lift Gold
Here is what you need to know on Monday, October 13:
New
2025.10.13 16:31USD/CAD softens to near 1.4000 as job data reduces BoC rate cut bets
The USD/CAD pair loses ground near 1.4000 during the early European session on Monday. The Canadian Dollar (CAD) edges higher against the US Dollar (USD) as the upbeat Canadian employment data reduced bets on another Bank of Canada (BoC) interest rate cut this month.
New
2025.10.13 16:01EUR/GBP holds positive ground above 0.8700 as France's Macron unveils new government
The EUR/GBP cross trades with mild gains near 0.8705 during the early European session on Monday. The Pound Sterling (GBP) weakens against the Euro (EUR) amid concerns over potential tax increases in the upcoming Autumn Budget.
New
2025.10.13 15:17Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Monday, early in the European session. WTI trades at $59.40 per barrel, up from Friday's close at $57.91.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $61.96.
New
2025.10.13 15:07Silver Price Forecast: XAG/USD reaches new record highs above $51.50
Silver price (XAG/USD) extends its winning streak for the fourth successive session, reaching its all-time high of $51.63 during the Asian hours on Monday. The non-interest-bearing Silver receives support from the increased likelihood of the US Federal Reserve (Fed) further rate cuts by year-end.
New
2025.10.13 14:38GBP/USD Price Forecast: Trades with positive bias above mid-1.3300s, around 38.2% Fibo. level
The GBP/USD pair gains some positive traction for the second consecutive day on Monday as dovish Federal Reserve (Fed) bets, and the risk-on impulse keep the safe-haven US Dollar (USD) depressed.
New
2025.10.13 14:35EUR/USD Price Forecast: Keep bullish vibe above 1.1600, political turmoil in France might cap gains
The EUR/USD pair posts modest losses near 1.1620 during the early European session on Monday. Markets hope for a compromise in the United States (US)-China trade war, which supports the US Dollar (USD) against the Euro (EUR).
New
2025.10.13 14:26Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
