Pound Sterling Price News and Forecast GBP/USD: Can renewed Brexit optimism save the pound?

FXStreet Team FXStreet

GBP/USD Weekly Forecast: Recovery time? UK inflation and jobs data could counter dollar surge

GBP/USD has been extending its decline in response to high US inflation data. Highest since 1990 – US inflation has hit 6.2%, reaching not only a historic peak but also sending the dollar substantially higher. The mix of Brexit acrimony and disappointing UK growth figures contributed to a downfall for GBP/USD. What's next? Critical data for the subsequent rate decisions stand out in the upcoming week. Read more...

GBP/USD Forecast: Can renewed Brexit optimism save the pound?

GBP/USD has been having a tough time staging a rebound. GBP/USD has extended slide to a fresh 2021 low early Friday before going into a consolidation phase. The pair's potential recovery depends on Brexit developments as the dollar is likely to hold its ground with investors pricing a 72% chance of a Federal Reserve rate hike by June 2022. Read more...

GBP/USD Price Analysis: Failure at 1.3430 opens the door for a further downfall, towards 1.3200

The British pound bounces off year-to-date lows at 1.3352, edges up 0.40%, trading at 1.3418 during the New York session at the time of writing. In the last three days, cable lost almost 2%, driven mainly by US dollar strength, influenced by higher inflation figures in the US economy, reported by the Labor Department. Also, a dovish stance perceived by investors in the last Bank of England (BoE) monetary policy meeting fueled the slide of the GBP. Read more...

GBP/USD

Overview
Today last price	1.3418
Today Daily Change	0.0054
Today Daily Change %	0.40
Today daily open	1.3364

Trends
Daily SMA20	1.3662
Daily SMA50	1.3676
Daily SMA100	1.3742
Daily SMA200	1.3846

Levels
Previous Daily High	1.3433
Previous Daily Low	1.3359
Previous Weekly High	1.3698
Previous Weekly Low	1.3424
Previous Monthly High	1.3834
Previous Monthly Low	1.3434
Daily Fibonacci 38.2%	1.3387
Daily Fibonacci 61.8%	1.3405
Daily Pivot Point S1	1.3337
Daily Pivot Point S2	1.3311
Daily Pivot Point S3	1.3263
Daily Pivot Point R1	1.3412
Daily Pivot Point R2	1.346
Daily Pivot Point R3	1.3486

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.

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