GBPUSD drops to 4-month lows

GBPUSD is taking a hit today, dropping to the lowest level in almost 5 months! The move is driven by continued strength in the USD, which is benefitting from falling market expectations regarding Fed rate cuts. Right now, markets are no longer expecting Fed to deliver the first-rate cut in the first half of 2024, but rather in July or September. Today's drop in GBPUSD comes even in spite of a better-than-expected UK data for February released this morning. UK report showed GDP growth in February at -0.2% YoY (exp. -0.4% YoY), as well as a 1.4% YoY jump in February's industrial production (exp. 0.6% YoY).

Taking a look at GBPUSD chart at D1 interval, we can see that the pair slumped below the 200-sesion moving average today (purple line), that acted as a support during the 4-month long sideways move. Declines accelerated later on and the pair slumped below the 1.25 support zone as well, reaching the lowest level since November 22, 2023. The next major support zone to watch can be found ranging around 1.2375 level, and is marked with previous price reactions.

Source: xStation5

26 June 2026, 5:59 PM

Three Markets to Watch Next Week: EURUSD, Gold, S&P 500 (26.06.2026)

26 June 2026, 5:14 PM

Fed's Kashkari says AI will force a rate hike; EURUSD and USD reverse early moves ❗

26 June 2026, 6:52 AM

Morning Wrap: Asia extends Wall Street selloff on expensive hardware (26.06.2026)

25 June 2026, 1:47 PM

BREAKING: PCE Inflation and income raise 📈EURUSD gains 0,2%

Forex

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days