GBP/USD bounces off lows, back above 1.3200

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Stronger-than-expected UK Retail Sales data seem to be helping the British Pound limit its losses, while the chaotic UK political environment keeps the bulls at bay for now. ## Latest Pound Sterling News * * * ## GBP/USD Technical Overview GBP/USD trades sharply higher at around 1.3460 as of writing. The near-term bias has turned mildly bullish as it returns above the 20-period exponential moving average (EMA), which is at 1.3425. The Relative Strength Index (RSI) at about 53 hovers just above the midline, hinting at steady, rather than aggressive, upside momentum while the pair consolidates within this supported backdrop. On the topside, the primary hurdle is the May 26 high at around 1.3500, followed by the descending resistance trend line, with its break price near 1.3580. On the downside, initial demand would be seen around the 20-EMA at 1.3425, while the upward trend-line support around 1.3327 would remain a key support zone. * * * ## Fundamental Overview | GMT | Event | Vol. | Actual | Consensus | Previous | | --- | --- | --- | --- | --- | --- | | **Monday, Jun 22** | | 01:15 | CNY<br>[PBoC Interest Rate Decision](https://www.fxstreet.com/economic-calendar) | | | 3% | 3% | | 03:00 | NZD<br>[Credit Card Spending (YoY)](https://www.fxstreet.com/economic-calendar) | | | | 2.9% | | 08:00 | EUR<br>[ECB's President Lagarde speech](https://www.fxstreet.com/economic-calendar) | | | | | | 12:30 | CAD<br>[Consumer Price Index (YoY)](https://www.fxstreet.com/economic-calendar) | | | | 2.8% | | 12:30 | CAD<br>[Consumer Price Index - Core (MoM)](https://www.fxstreet.com/economic-calendar) | | | | 0.1% | | 12:30 | CAD<br>[Consumer Price Index (MoM)](https://www.fxstreet.com/economic-calendar) | | | 0.7% | 0.4% | | 12:30 | CAD<br>[BoC Consumer Price Index Core (YoY)](https://www.fxstreet.com/economic-calendar) | | | | 2.1% | * * * * * * SPECIAL WEEKLY GBP/USD FORECAST Interested in weekly GBP/USD forecasts? Our experts make weekly updates forecasting the next possible moves of the Pound-Dollar pair. Here you can find the most recent forecast by our market experts: [British Pound rebounds as holiday-thinned trade slows USD bulls](https://www.fxstreet.com/news/british-pound-rebounds-as-holiday-thinned-trade-slows-usd-bulls-202606191529 "British Pound rebounds as holiday-thinned trade slows USD bulls") ### [British Pound rebounds as holiday-thinned trade slows USD bulls](https://www.fxstreet.com/news/british-pound-rebounds-as-holiday-thinned-trade-slows-usd-bulls-202606191529 "British Pound rebounds as holiday-thinned trade slows USD bulls") The Pound Sterling recovers some ground after reaching a three-month low on Friday at 1.3163, sponsored by the Fed’s hawkish tilt, but edges up 0.18% amid thin trading conditions due to a holiday in the US. The GBP/USD trades at 1.3226, yet it is poised to end with weekly losses of 1.25%. Market sentiment remains fragile despite the recovery from the US-Iran deal. * * * ### TOP BROKER * * * FXS Signals ## Latest Pound Sterling Analysis * * * ## Latest GBP Analysis ## Editors' picks [EUR/USD: Winds of change blowing into the Federal Reserve](https://www.fxstreet.com/analysis/eur-usd-weekly-forecast-winds-of-change-blowing-into-the-federal-reserve-202606191513 "EUR/USD: Winds of change blowing into the Federal Reserve") ### [EUR/USD: Winds of change blowing into the Federal Reserve](https://www.fxstreet.com/analysis/eur-usd-weekly-forecast-winds-of-change-blowing-into-the-federal-reserve-202606191513 "EUR/USD: Winds of change blowing into the Federal Reserve")Premium The EUR/USD pair fell towards 1.1417, its lowest since last March, as the US Dollar (USD) soared following the first Federal Reserve (Fed) monetary policy meeting chaired by Kevin Warsh. EUR/USD got to recover some ground on Friday, finishing the week, however, well below the 1.1500 mark. [Gold: Hawkish Fed leads to third consecutive weekly loss](https://www.fxstreet.com/analysis/gold-weekly-forecast-hawkish-fed-leads-to-third-consecutive-weekly-loss-202606191450 "Gold: Hawkish Fed leads to third consecutive weekly loss") ### [Gold: Hawkish Fed leads to third consecutive weekly loss](https://www.fxstreet.com/analysis/gold-weekly-forecast-hawkish-fed-leads-to-third-consecutive-weekly-loss-202606191450 "Gold: Hawkish Fed leads to third consecutive weekly loss")Premium Gold (XAU/USD) opened with a bullish gap and registered strong gains in the first half of the week, but a hawkish Federal Reserve (Fed) spoiled the party. Mid-tier macroeconomic data releases from the United States (US) and changes in crude Oil prices could impact XAU/USD’s action in the near term, while the technical outlook suggests that the bearish bias remains intact. [British Pound rebounds as holiday-thinned trade slows USD bulls](https://www.fxstreet.com/news/british-pound-rebounds-as-holiday-thinned-trade-slows-usd-bulls-202606191529 "British Pound rebounds as holiday-thinned trade slows USD bulls") ### [British Pound rebounds as holiday-thinned trade slows USD bulls](https://www.fxstreet.com/news/british-pound-rebounds-as-holiday-thinned-trade-slows-usd-bulls-202606191529 "British Pound rebounds as holiday-thinned trade slows USD bulls") The Pound Sterling recovers some ground after reaching a three-month low on Friday at 1.3163, sponsored by the Fed’s hawkish tilt, but edges up 0.18% amid thin trading conditions due to a holiday in the US. The GBP/USD trades at 1.3226, yet it is poised to end with weekly losses of 1.25%. Market sentiment remains fragile despite the recovery from the US-Iran deal. [US Dollar: The last mile just got longer](https://www.fxstreet.com/analysis/us-dollar-weekly-forecast-the-last-mile-just-got-longer-202606191707 "US Dollar: The last mile just got longer") ### [US Dollar: The last mile just got longer](https://www.fxstreet.com/analysis/us-dollar-weekly-forecast-the-last-mile-just-got-longer-202606191707 "US Dollar: The last mile just got longer")Premium A very auspicious week saw the US Dollar (USD) trade with robust gains, rapidly leaving behind the prior pullback and sending the US Dollar Index (DXY) to levels last traded in mid-May 2025, past the 101.00 barrier on Friday. [Bitcoin: Recovery hopes fade after the Fed spoils the party](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-recovery-hopes-fade-after-the-fed-spoils-the-party-202606191035 "Bitcoin: Recovery hopes fade after the Fed spoils the party") ### [Bitcoin: Recovery hopes fade after the Fed spoils the party](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-recovery-hopes-fade-after-the-fed-spoils-the-party-202606191035 "Bitcoin: Recovery hopes fade after the Fed spoils the party") Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows. Majors Cryptocurrencies Signatures * * * ## Influential Institutions & People for the GBP/USD The Pound VS Dollar can be seriously affected