{"id":830123,"date":"2025-02-27T08:11:54","date_gmt":"2025-02-27T14:11:54","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/27\/pound-sterling-price-news-and-forecast-gbp-usd-climbs-to-fresh-10-week-highs-on-wednesday\/"},"modified":"2025-02-27T08:11:54","modified_gmt":"2025-02-27T14:11:54","slug":"pound-sterling-price-news-and-forecast-gbp-usd-climbs-to-fresh-10-week-highs-on-wednesday","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/27\/pound-sterling-price-news-and-forecast-gbp-usd-climbs-to-fresh-10-week-highs-on-wednesday\/","title":{"rendered":"Pound Sterling Price News and Forecast: GBP\/USD climbs to fresh 10-week highs on Wednesday"},"content":{"rendered":"<div id=\"fxs_article_body\">\n<h2>GBP\/USD climbs to fresh 10-week highs on Wednesday<\/h2>\n<div>\n<p>GBP\/USD coasted into a fresh 10-week high on Wednesday, clipping the 1.2700 handle for the first time since mid-December as hopeful bulls bid Cable higher for no other reason than there doesn&#8217;t seem to be any bad news on the horizon, at least for now. <a href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-climbs-to-fresh-10-week-highs-on-wednesday-202502261628\" target=\"_blank\">Read More&#8230;<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/image-638761841113291381.png\"><\/p>\n<h2>Pound Sterling edges lower against USD as US House passes Trump&#8217;s tax cut bill<\/h2>\n<\/div>\n<div>\n<p>The Pound Sterling (GBP) ticks lower\u00a0to near 1.2660 against the USD\u00a0in North American\u00a0trading hours on Wednesday. The GBP\/USD pair faces slight pressure\u00a0as the US\u00a0<a data-fxs-autoanchor href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">Dollar Index<\/a>\u00a0(DXY), which tracks the Greenback\u2019s value against six major currencies, has shown a strong recovery move after sliding to near the 11-week low of 106.10 earlier in the day. <a href=\"https:\/\/www.fxstreet.com\/news\/pound-sterling-weakens-against-us-dollar-as-trumps-tax-agenda-advances-202502260812\" target=\"_blank\">Read More&#8230;<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/_GBP_USD_2025-02-26_12-40-28-638761542838915854.png\"><\/p>\n<h2>GBP\/USD Price Forecast: Tests 1.2650 support near nine-day EMA<\/h2>\n<\/div>\n<div>\n<p>The\u00a0<a data-fxs-autoanchor href=\"https:\/\/www.fxstreet.com\/currencies\/gbpusd\">GBP\/USD<\/a>\u00a0pair gives up part of its recent gains from the prior session, hovering around 1.2650 during Wednesday\u2019s Asian session. Despite this pullback, technical\u00a0<a data-fxs-autoanchor href=\"https:\/\/www.fxstreet.com\/analysis\">analysis<\/a>\u00a0of the daily chart indicates a sustained bullish\u00a0<a data-fxs-autoanchor href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>, as the pair remains within an ascending channel pattern. <a href=\"https:\/\/www.fxstreet.com\/news\/gbp-usd-price-forecast-tests-12650-support-near-nine-day-ema-202502260357\" target=\"_blank\">Read More&#8230;<\/a><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/editorial.fxsstatic.com\/miscelaneous\/image-638761389726033071.png\"><\/p>\n<\/div><\/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-usd-climbs-to-fresh-10-week-highs-on-wednesday-202502261645\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Lawanda Schewe<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD climbs to fresh 10-week highs on Wednesday GBP\/USD coasted into a fresh 10-week high on Wednesday, clipping the 1.2700 handle for the first time since mid-December as hopeful bulls bid Cable higher for no other reason than there doesn&#8217;t seem to be any bad news on the horizon, at least for now. Read More&#8230;<\/p>\n","protected":false},"author":1,"featured_media":830124,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2794,32662],"tags":[],"class_list":["post-830123","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\/830123","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=830123"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/830123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/830124"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=830123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=830123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=830123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}