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


Share:

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...

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content

Editors’ Picks

AUD/USD holds positive momentum around 0.6565

AUD/USD holds positive momentum around 0.6565

AUD/USD fails to preserve its modest intraday gains amid the emergence of some USD buying. The Fed’s hawkish outlook supports elevated US bond yields and is seen underpinning the buck. A minor pullback in the equity markets further drives flows away from the risk-sensitive Aussie.

AUD/USD News

EUR/USD stabilizes above1.0800, looks to post weekly gains

EUR/USD stabilizes above1.0800, looks to post weekly gains

EUR/USD continues to trade in a tight channel above 1.0800 in the second half of the day on Friday, as the improving risk mood makes if difficult for the USD to gather strength. The pair remains on track to snap a five-week losing streak.

EUR/USD News

Gold loses ground below $2,040, US GDP data eyed

Gold loses ground below $2,040, US GDP data eyed

Gold regained its traction and stabilized above $2,020 after falling below this level during the European trading hours. The benchmark 10-year US Treasury bond yield is down nearly 1% on the day below 4.3%, allowing XAU/USD to keep its footing heading into the weekend.

Gold News

Near Protocol Price Prediction: NEAR pumps 10% as investors envision another buy opportunity here

Near Protocol Price Prediction: NEAR pumps 10% as investors envision another buy opportunity here

Near Protocol (NEAR) price is trading with a bullish bias, with a sustained series of higher highs since the last week of January. With investors groping for discounted entry points, NEAR could correct before the next leg up.

Read more

Week Ahead: What are markets watching this week?

Week Ahead: What are markets watching this week?

Following a thin economic docket last week, the final week of February will see a pick-up in data, particularly out of the US. All in all, it will be a busy week for the markets.

Read more

Forex MAJORS

Cryptocurrencies

Signatures