GBP/USD attracts some sellers below 1.2620 on Fed Waller’s hawkish comments

Source Fxstreet
  • GBP/USD remains under pressure around 1.2614 following hawkish comments from Fed’s official on Thursday. 
  • Fed’s Waller said there is no rush to cut the rate and may need to maintain the current rate for longer than expected.
  • The dovish comments from BoE’s Bailey about rate cuts weigh on GBP. 
  • Investors will focus on the BoE's Mann speech, final UK Q4 GDP, and US GDP annualized data, due on Thursday. 

The GBP/USD pair attracts some sellers to 1.2614 after retreating from a daily high of 1.2640 during the early Asian session on Thursday. The sell-off of the major pair is backed by recent hawkish comments from US Federal Reserve (Fed) official, affirming the higher-for-longer stance and no need to rush the rate cuts.

Early Wednesday, Fed Governor Christopher Waller said that the US central bank is in no rush to cut the benchmark rate and may need to “maintain the current rate target for longer than expected.” Waller emphasized that the Fed is in no rush to cut the policy rate as it’s prudent to hold its restrictive stance for longer than previously expected to bring down inflation to the 2% target. His hawkish comments boost the Greenback higher to 104.45 and weigh on the major pair. 

On the other hand, the Bank of England (BoE) held the interest rate unchanged at 5.25% for the fifth meeting in a row last week. The UK central bank turned dovish on the interest rate outlook, and this has exerted some selling pressure on the Pound Sterling (GBP). The BoE Governor Andrew Bailey said that interest rate cuts will be ‘in play’ at future BoE policy meetings.

Market players will monitor the speech by BoE's C. Mann and the final UK Gross Domestic Product (GDP) growth numbers for Q4 on Thursday. Any dovish comments from the BoE policymaker or the weaker-than-expected GDP number might extend the selling pressure on the GBP. On the US docket, the GDP annualized number, the weekly Initial Jobless Claims and the Michigan Consumer Sentiment Index will be due later in the day. 

GBP/USD

Overview
Today last price 1.2618
Today Daily Change -0.0010
Today Daily Change % -0.08
Today daily open 1.2628
 
Trends
Daily SMA20 1.272
Daily SMA50 1.268
Daily SMA100 1.2645
Daily SMA200 1.2591
 
Levels
Previous Daily High 1.2668
Previous Daily Low 1.2622
Previous Weekly High 1.2804
Previous Weekly Low 1.2575
Previous Monthly High 1.2773
Previous Monthly Low 1.2518
Daily Fibonacci 38.2% 1.264
Daily Fibonacci 61.8% 1.2651
Daily Pivot Point S1 1.2611
Daily Pivot Point S2 1.2594
Daily Pivot Point S3 1.2565
Daily Pivot Point R1 1.2657
Daily Pivot Point R2 1.2686
Daily Pivot Point R3 1.2703

 


 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
ECB Policy Outlook for 2026: What It Could Mean for the Euro’s Next MoveWith the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
Author  Mitrade
12 hours ago
With the ECB likely holding rates steady at 2.15% and the Fed potentially extending cuts into 2026, EUR/USD may test 1.20 if Eurozone growth proves resilient, but weaker growth and an ECB pivot could pull the pair back toward 1.13 and potentially 1.10.
placeholder
Dogecoin Is Repeating Its 2020 Accumulation Cycle, Analyst SaysCrypto analyst Cryptollica (@Cryptollica on X) is arguing that Dogecoin’s weekly chart is doing that familiar thing again: carving out a rounded base, bleeding off volatility, resetting momentum
Author  NewsBTC
12 hours ago
Crypto analyst Cryptollica (@Cryptollica on X) is arguing that Dogecoin’s weekly chart is doing that familiar thing again: carving out a rounded base, bleeding off volatility, resetting momentum
placeholder
TradingKey 2025 Markets Recap & Outlook | Gold Records Its Best Performance in Half a Century, Wall Street Predicts $5,000 Breach in 2026TradingKey - Amid increasing global economic uncertainty, gold is experiencing its best year since 1979, recording its largest gain in 46 years.As of December 26, the price of gold futures (New York g
Author  TradingKey
12 hours ago
TradingKey - Amid increasing global economic uncertainty, gold is experiencing its best year since 1979, recording its largest gain in 46 years.As of December 26, the price of gold futures (New York g
placeholder
Top 10 crypto predictions for 2026: Institutional demand and big banks could lift BitcoinCrypto’s 2026 outlook hinges on whether institutional demand returns—via ETFs, banks and digital-asset treasury buyers—with BTC facing a wide range between support near $80,600 and a potential $140,259 upside target, while stablecoins, AI tokens, Solana growth and regulation remain key themes.
Author  Mitrade
12 hours ago
Crypto’s 2026 outlook hinges on whether institutional demand returns—via ETFs, banks and digital-asset treasury buyers—with BTC facing a wide range between support near $80,600 and a potential $140,259 upside target, while stablecoins, AI tokens, Solana growth and regulation remain key themes.
placeholder
TradingKey 2025 Markets Recap & Outlook | Global Central Banks 2025 Recap and 2026 Outlook: Navigating Post-Easing Recovery and Diverging PathsIn 2025, major central banks globally generally maintained an accommodative stance, but the pace of policy adjustment slowed significantly. As inflation gradually came under control and e
Author  TradingKey
Yesterday 10: 31
In 2025, major central banks globally generally maintained an accommodative stance, but the pace of policy adjustment slowed significantly. As inflation gradually came under control and e
goTop
quote