The GBP/USD pair experienced some selling pressure during the Asian session on Tuesday, pulling back from its recent one-week high. Currently, prices are trading between 1.3235 and 1.3230, marking a drop of nearly 0.20% for the day, effectively ending a three-day winning streak.
The US dollar has gained traction, influenced by mixed updates on US-Iran negotiations and rising expectations of a potential interest rate hike by the Federal Reserve in 2026. Moreover, the political landscape in the UK, particularly the upcoming leadership contest, is putting downward pressure on the British pound, which in turn affects the GBP/USD pair.
On the technical side, the recent inability to hold above the 200-period simple moving average (SMA) on the 4-hour chart leans in favor of bearish traders. Though prices are sticking to a negative trend below the 1.3300 threshold, momentum indicators hint that some attempts for upward movement might continue, albeit constrained by the supply zone overhead.
For instance, the Relative Strength Index (RSI) is around 54, and the Moving Average Convergence Divergence (MACD) histogram is showing moderate positivity. It seems likely that any further declines will find solid support near the 1.3200 level. If prices fall below that, there’s a chance the GBP/USD could revisit the year-to-date lows around 1.3140 or drop even lower.
If we look at potential resistance, an initial barrier appears around the key level of 1.3300, followed by the 200-period SMA at 1.3366. Sustaining strength above this level could alleviate some of the bearish sentiment and lead to a more pronounced recovery, but a failure to hold may push the GBP/USD back into a downward trend.
GBP/USD 4-hour chart
USD price today
The table below outlines the percentage changes of the US dollar (USD) against major currencies today. Notably, the US dollar is performing strongest against the euro.
| USD | EUR | GBP | JPY | CAD | australian dollar | new zealand dollar | swiss franc | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.28% | 0.19% | 0.16% | 0.16% | 0.21% | -0.02% | 0.24% | |
| EUR | -0.28% | -0.09% | -0.15% | -0.16% | -0.08% | -0.31% | -0.05% | |
| GBP | -0.19% | 0.09% | -0.04% | -0.08% | 0.02% | -0.21% | 0.03% | |
| JPY | -0.16% | 0.15% | 0.04% | 0.00% | 0.05% | -0.16% | 0.07% | |
| CAD | -0.16% | 0.16% | 0.08% | -0.00% | 0.03% | -0.17% | 0.08% | |
| australian dollar | -0.21% | 0.08% | -0.02% | -0.05% | -0.03% | -0.20% | 0.07% | |
| new zealand dollar | 0.02% | 0.31% | 0.21% | 0.16% | 0.17% | 0.20% | 0.23% | |
| swiss franc | -0.24% | 0.05% | -0.03% | -0.07% | -0.08% | -0.07% | -0.23% |
The heat map displays the percentage change between major currencies. The base currency is selected from the left column and the quote currency from the top row. For example, selecting USD from the left column and moving horizontally to the Japanese Yen shows the percentage change in that box, indicating USD (base)/JPY (estimate).
