Pound Sterling Price News and Forecast: GBP/USD: Breaking out of range? Duo of central bank decisions to trigger action

FXStreet Team FXStreet

GBP/USD Weekly Forecast: Breaking out of range? Duo of central bank decisions to trigger action

Do current inflation trends warrant tightening policy anytime soon? The past week's latest figures have caused jitters, leaving investors confused. Central banks take the stage in the upcoming week, with the Fed's taper timing and the BOE's rate hike prospects critical for GBP/USD. Read more...

GBP/USD reaches a weekly low beneath 1.3750 on disappointing UK Retail Sales

GBP/USD is sliding in the American session to new weekly lows, trading at 1.3754, down 0.26% at the time of writing. As we approach the London Fix and head into the weekend, we could expect some downward pressure on the back of the dampened market sentiment. Read more...

GBP/USD

Overview
Today last price	1.3741
Today Daily Change	-0.0053
Today Daily Change %	-0.38
Today daily open	1.3794

Trends
Daily SMA20	1.3782
Daily SMA50	1.3808
Daily SMA100	1.3913
Daily SMA200	1.3834

Levels
Previous Daily High	1.3853
Previous Daily Low	1.3765
Previous Weekly High	1.3889
Previous Weekly Low	1.3726
Previous Monthly High	1.3958
Previous Monthly Low	1.3602
Daily Fibonacci 38.2%	1.3798
Daily Fibonacci 61.8%	1.3819
Daily Pivot Point S1	1.3755
Daily Pivot Point S2	1.3716
Daily Pivot Point S3	1.3667
Daily Pivot Point R1	1.3843
Daily Pivot Point R2	1.3892
Daily Pivot Point R3	1.3931

GBP/USD Forecast: More sterling gains? Three higher lows and improving market mood point up

On Thursday, the dollar attracted safe-haven flows that came as US stocks suffered another down day – for no fundamental reason. US Retail Sales figures showed an increase of 0.8% in August, far better than a drop that was expected. On the other hand, inflation is off the highs, as shown by Consumer Price Index figures and by more recent surveys. Read more...

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