Pound Sterling Price News and Forecast: GBP/USD: Bears are moving in to print fresh opening range lows

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GBP/USD Price Analysis: Bears are moving in to print fresh opening range lows

GBP/USD is offered on Monday, extending losses from Friday while the dollar index is finishing July down after a similar loss in June. However, the Greenback is rebounded from July lows that printed following below-forecast US core PCE that favoured the Fed being done with rate hikes. The following illustrates the prospects of a low close for the day on the charts. Read More....

Pound Sterling turns subdued as caution soars ahead of interest rate policy

The Pound Sterling (GBP) faces immense pressure as investors eye the monetary policy of the Bank of England (BoE). The GBP/USD pair struggles to gauge direction as investors worry about deepening recession fears due to aggressive policy-tightening by the United Kingdom's central bank. To tame stubborn inflation, the BoE is expected to raise interest rates for the fourteenth time in a row. Read More...

GBP/USD faces a solid support around 1.2720 – UOB

Extra decline in GBP/USD faces tough contention around 1.2720, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More...

GBP/USD

Overview
Today last price	1.2835
Today Daily Change	-0.0016
Today Daily Change %	-0.12
Today daily open	1.2851

Trends
Daily SMA20	1.2889
Daily SMA50	1.2698
Daily SMA100	1.2554
Daily SMA200	1.2286

Levels
Previous Daily High	1.2888
Previous Daily Low	1.2763
Previous Weekly High	1.2996
Previous Weekly Low	1.2763
Previous Monthly High	1.2848
Previous Monthly Low	1.2369
Daily Fibonacci 38.2%	1.2841
Daily Fibonacci 61.8%	1.2811
Daily Pivot Point S1	1.278
Daily Pivot Point S2	1.2709
Daily Pivot Point S3	1.2655
Daily Pivot Point R1	1.2905
Daily Pivot Point R2	1.2959
Daily Pivot Point R3	1.303

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.

GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

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Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

Dollar strength dominates markets, as the hawkish Fed overshadows geopolitics and lower oil prices. NFP week could drive September Fed hike expectations and boost market volatility. The euro lacks fresh bullish catalysts, all eyes on the preliminary inflation report and the ECB Forum.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.