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Pound Sterling Price News and Forecast: GBP/USD: Bears seek a break of structure

FXStreet Team FXStreet

GBP/USD Price Analysis: Bears seek a break of structure while price slows below 1.2200

GBP/USD has run up towards an area of potential resistance area on the daily chart as the following will illustrate. This gives rise to the prospects of a significant correction over the coming week. Read More...

GBP/USD rises to one-month highs above 1.2150 as DXY tumbles

The GBP/USD broke above 1.2150, reaching the highest level since mid-February, boosted by a sharp decline of the US Dollar Index (DXY). A sharp drop in US yields occurs as investors shift their bets for a softer Federal Reserve, amid market concerns about the banking industry. Read More...

GBP/USD: Outlook remains mixed for the time being – UOB

GBP/USD sticks to its mixed outlook and is expected to trade between 1.1950 and 1.2240 in the next weeks, suggest Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Read More...

GBP/USD

Overview
Today last price	1.2185
Today Daily Change	0.0160
Today Daily Change %	1.33
Today daily open	1.2025

Trends
Daily SMA20	1.2014
Daily SMA50	1.2129
Daily SMA100	1.2017
Daily SMA200	1.1901

Levels
Previous Daily High	1.2114
Previous Daily Low	1.1908
Previous Weekly High	1.2114
Previous Weekly Low	1.1803
Previous Monthly High	1.2402
Previous Monthly Low	1.1915
Daily Fibonacci 38.2%	1.2035
Daily Fibonacci 61.8%	1.1987
Daily Pivot Point S1	1.1918
Daily Pivot Point S2	1.181
Daily Pivot Point S3	1.1712
Daily Pivot Point R1	1.2124
Daily Pivot Point R2	1.2222
Daily Pivot Point R3	1.233

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.

British Pound eases to 1.3450 area following downwardly revised Manufacturing PMI data

The British Pound is trimming previous gains against the US Dollar on Monday, returning to the mid-range of the 1.3400s down from fresh seven-week highs, above 1.3500 earlier on the day. Weaker-than-expected UK manufacturing data added pressure on the Pound, which rallied at the Asian session opening, amid news of a halt to the hostilities in Iran.

EUR/USD challenges 1.1500 on Dollar’s recovery

EUR/USD now accelerates its downtrend and comes closer to the 1.1500 level on Monday. The pair’s correction follows the decent improvement in the US Dollar amid solid data US releases and easing concerns on the geopolitical front.

Gold: The $4,000 mark holds the downside for now

Gold adds to Friday’s pullback, although it remains well underpinned by the key $4,000 threshold per troy ounce on Monday. The US Dollar’s inconclusive price action seems enough to cap the yellow metal’s potential upside, although renewed hopes for a US-Iran peace deal and fading expectations of a Fed rate hike could limit the Greenback’s recovery.

Ethereum Price Forecast: BitMine extends share buyback spree, scoops over 10K ETH

Ethereum (ETH) treasury firm BitMine Immersion Technologies (BMNR) continued its share buyback spree last week after repurchasing 4.5 million shares of its common stock. This purchase brings the total stock buyback since July 1 to 16.1 million shares, part of a previously authorized $4 billion repurchase plan.

AI defies the disinflationary playbook: Why lower oil prices might not be enough to cool core inflation

The global economic landscape has been fixated on the Middle East since the US-Iran war started in late February, reacting to significant changes in crude Oil prices and assessing how they could influence inflation dynamics and growth outlook.

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.

Pound Sterling Price News and Forecast: GBP/USD: Bears seek a break of structure

GBP/USD Price Analysis: Bears seek a break of structure while price slows below 1.2200

GBP/USD rises to one-month highs above 1.2150 as DXY tumbles

GBP/USD: Outlook remains mixed for the time being – UOB

GBP/USD

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British Pound eases to 1.3450 area following downwardly revised Manufacturing PMI data

EUR/USD challenges 1.1500 on Dollar’s recovery

Gold: The $4,000 mark holds the downside for now

Ethereum Price Forecast: BitMine extends share buyback spree, scoops over 10K ETH

AI defies the disinflationary playbook: Why lower oil prices might not be enough to cool core inflation

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

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GBP/USD Price Analysis: Bears seek a break of structure while price slows below 1.2200

GBP/USD rises to one-month highs above 1.2150 as DXY tumbles

GBP/USD: Outlook remains mixed for the time being – UOB

GBP/USD

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