Pound Sterling Price News and Forecast: EUR/GBP rises above 0.8600

FXStreet Team FXStreet

EUR/GBP rises above 0.8600 for the first time since early July

The EUR/GBP accelerated the move to the upside and jumped to 0.8601, reaching the highest level since July 6. While the euro is among the best performers, the pound is under pressure amid risk aversion. Read More...

GBP/USD struggles to preserve modest intraday gains and retreats to 1.1660 mark

The GBP/USD pair struggles to capitalize on its modest intraday uptick to the 1.1760 area and the previous YTD lows of July. After air-kissing those lows goodbye the pair appears to have retreated even further south during the early North American session. Cable is currently placed around the 1.1660 mark and remains well within the striking distance of its lowest level since March 2020, in the 1.1640s, touched the previous day. Read More...

GBP/USD to face a challenging environment – Commerzbank

In the United Kingdom, inflation is likely to be fuelled further, increasing pressure on the Bank of England (BoE). Thus, GBP/USD seems to continuously trend weaker at present, economists at Commerzbank report. Read More...

GBP/USD

Overview
Today last price	1.1658
Today Daily Change	-0.0052
Today Daily Change %	-0.44
Today daily open	1.171

Trends
Daily SMA20	1.1995
Daily SMA50	1.2039
Daily SMA100	1.2292
Daily SMA200	1.2826

Levels
Previous Daily High	1.1744
Previous Daily Low	1.1649
Previous Weekly High	1.19
Previous Weekly Low	1.1717
Previous Monthly High	1.2246
Previous Monthly Low	1.176
Daily Fibonacci 38.2%	1.1685
Daily Fibonacci 61.8%	1.1708
Daily Pivot Point S1	1.1658
Daily Pivot Point S2	1.1606
Daily Pivot Point S3	1.1562
Daily Pivot Point R1	1.1753
Daily Pivot Point R2	1.1796
Daily Pivot Point R3	1.1848

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

AUD/USD bulls regain control above 0.6950 amid USD retreat

AUD/USD regains traction and extends the previous day's bounce from the weekly low, aiming for 0.7000 in Asia on Friday. The overnight pullback in US bond yields keeps the US Dollar below an 18-month high, which in turn offers some support to the pair. Meanwhile, hawkish RBA expectations also keep the major underpinned.

USD/JPY holds gains near 158.00 after Japan's weak Household Spending data

USD/JPY clings to gains around 158.00 after data showed on Friday that Japan's Household Spending fell for the ninth straight month, undermining the Japanese Yen. Meanwhile, the US Dollar remains depressed as the overnight fall in US bond yields counters a hawkish Fed and geopolitical uncertainties, could cap any downside in the pair.

Gold remains range-bound below $4,200

Gold has given up some ground after an initial bullish attempt to reach weekly highs, returning to below the $4,200 mark per troy ounce on Friday. The US Dollar’s strong upside momentum, combined with rising US Treasury yields across the curve, seems to keep further gains in the yellow metal under scrutiny.

Has Bitcoin really escaped the macro forces it was built to fight?

Over 17 years ago, Satoshi Nakamoto designed Bitcoin (BTC) on the back of a global financial crisis as an alternative to the global monetary system outside the control of central banks, governments and traditional intermediaries. This raises a key question: has Bitcoin really become independent of the macroeconomic forces it was built to challenge?

The Euro is not the sick man of Europe. France's bond market is

EUR/USD remains under pressure, near the 17-month low of 1.1161 reached on Monday. The pair has lost more than 7% since its yearly peak, as concerns over France's public finances increasingly weigh on the single currency. But behind the weakness of the Euro (EUR), the problem does not necessarily lie with the European economy as a whole.