Pound Sterling Price News and Forecast: GBP/USD bull sinks as BoE keeps rates unchanged

FXStreet Team FXStreet

GBP/USD licks its wounds at 1.3500 after plummeting 200 pips on dovish BoE

The GBP/USD is steady as the Asian Pacific session kicks in, up 0.04%, trading at 1.3503 during the day at the time of writing. The market sentiment is upbeat, as the Federal Reserve said it would begin the bond tapering process, reducing purchases by $15 billion in the middle of November while pushing back higher interest rates.

GBP/USD

Overview
Today last price	1.35
Today Daily Change	0.0002
Today Daily Change %	0.01
Today daily open	1.3498

Trends
Daily SMA20	1.3699
Daily SMA50	1.3706
Daily SMA100	1.3764
Daily SMA200	1.385

Levels
Previous Daily High	1.3698
Previous Daily Low	1.3471
Previous Weekly High	1.3829
Previous Weekly Low	1.3668
Previous Monthly High	1.3834
Previous Monthly Low	1.3434
Daily Fibonacci 38.2%	1.3558
Daily Fibonacci 61.8%	1.3611
Daily Pivot Point S1	1.3414
Daily Pivot Point S2	1.3329
Daily Pivot Point S3	1.3187
Daily Pivot Point R1	1.364
Daily Pivot Point R2	1.3782
Daily Pivot Point R3	1.3867

Gold prices rally as Fed begin tapering, GBP/USD sinks as BoE keeps rates unchanged [Video]

Gold prices were up by as much as $30 in Thursday’s session, in the aftermath of the Wednesday’s FOMC meeting. The Federal Reserve opted to keep interest rates unchanged, however the bank decided to begin tapering its COVID-19 asset purchasing program.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.