{"id":825808,"date":"2025-02-10T07:12:21","date_gmt":"2025-02-10T13:12:21","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/10\/pound-sterling-price-news-and-forecast-gbp-closes-in-on-key-support-area-video\/"},"modified":"2025-02-10T07:12:21","modified_gmt":"2025-02-10T13:12:21","slug":"pound-sterling-price-news-and-forecast-gbp-closes-in-on-key-support-area-video","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/10\/pound-sterling-price-news-and-forecast-gbp-closes-in-on-key-support-area-video\/","title":{"rendered":"Pound Sterling Price News and Forecast: GBP closes in on key support area [Video]"},"content":{"rendered":"<div id=\"fxs_article_body\">\n<h2>GBP\/USD Forecast: Pound Sterling closes in on key support area<\/h2>\n<p><strong>GBP\/USD struggles to gain traction and trades in a tight channel at around 1.2400 after posting losses for two consecutive days to end the previous week. <\/strong>In the absence of high-tier data releases, investors will continue to scrutinize fresh developments surrounding US President Donald Trump&#8217;s trade policy.<\/p>\n<p>The risk-averse market environment helped the US Dollar (USD) stay resilient against its rivals on Friday and caused GBP\/USD to stretch lower, despite the mixed employment data for January. <a href=\"https:\/\/www.fxstreet.com\/analysis\/gbp-usd-forecast-pound-sterling-closes-in-on-key-support-area-202502100922\" target=\"_blank\">Read more&#8230;<\/a><\/p>\n<p><a href=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/GBPUSD-638747814691602073.png\" target=\"_blank\"><img decoding=\"async\" alt=\"GBPUSD\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/GBPUSD-638747814691602073.png\"><\/a><\/p>\n<h2>GBP\/USD Elliott Wave technical analysis [Video]<\/h2>\n<p><strong>The\u00a0GBP\/USD Elliott Wave Analysis\u00a0for the daily chart evaluates the British Pound against the U.S. Dollar, highlighting a\u00a0bullish trend.<\/strong>\u00a0The market mode is identified as\u00a0impulsive,\u00a0indicating strong momentum in the current trend direction. <a href=\"https:\/\/www.fxstreet.com\/analysis\/gbp-usd-elliott-wave-technical-analysis-video-202502100823\" target=\"_blank\">Read more&#8230;<\/a><\/p>\n<div>\n<p><iframe loading=\"lazy\" allowfullscreen frameborder height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/Pj0BoYtuqVA?rel=0\" width=\"640\"><\/iframe><\/p>\n<\/div>\n<h2>GBP\/USD Weekly Outlook: Pound Sterling struggles amid BoE&#8217;s dovish signals<\/h2>\n<p><strong>The Pound Sterling (GBP) failed to sustain its recovery against the US Dollar (USD), reviving the selling interest around the GBP\/USD pair<\/strong>.\u00a0It was all about US President Donald Trump\u2019s tariff war with Canada, Mexico and China at the start of the week, with attention returning to the fundamentals in the second half. That said, GBP\/USD witnessed intense volatility during the week but remained confined within a 150 pips range.<\/p>\n<p>In the early part of the week, risk sentiment took a hit and rebounded firmly on US President Donald Trump\u2019s tariff play. Trump on Saturday imposed 25% tariffs on Canada and Mexico while imposing a 10% levy on China, effective 05:01 GMT on Tuesday. <a href=\"https:\/\/www.fxstreet.com\/analysis\/gbp-usd-weekly-outlook-pound-sterling-eyes-us-inflation-uk-gdp-data-for-a-fresh-direction-202502071453\" target=\"_blank\">Read more&#8230;<\/a><\/p>\n<p><a href=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/GBPUSD2-638747817279571696.png\" target=\"_blank\"><img decoding=\"async\" alt=\"GBPUSD\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/GBPUSD2-638747817279571696.png\"><\/a><\/p>\n<\/p><\/div>\n<div>\n<p>Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. <\/p>\n<p>If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.<\/p>\n<p>FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.<\/p>\n<p>The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. <\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/www.fxstreet.com\/news\/pound-sterling-price-news-and-forecast-gbp-closes-in-on-key-support-area-video-202502101058\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Elroy Catt<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD Forecast: Pound Sterling closes in on key support area GBP\/USD struggles to gain traction and trades in a tight channel at around 1.2400 after posting losses for two consecutive days to end the previous week. In the absence of high-tier data releases, investors will continue to scrutinize fresh developments surrounding US President Donald Trump&#8217;s<\/p>\n","protected":false},"author":1,"featured_media":825809,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2794,32662],"tags":[],"class_list":["post-825808","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pound","category-sterling"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/825808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=825808"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/825808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/825809"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=825808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=825808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=825808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}