Pound Sterling Price News and Forecast: GBP/USD clings to modest gains near 1.4065-70 area


GBP/USD: Danger from variants to Britain's reopening and US data to drag cable down

GBP/USD has been attempting recovery as markets swing back to positive ground. However, virus variant concerns and the American shopper may push cable below 1.40, Yohay Elam, an Analyst at FXStreet, reports.

Prime Minister Boris Johnson has come short of suggesting a reversal in policy but he has expressed concerns about the rapid spread of the Indian variant in the UK. Various health officials have called on the government to reconsider its roadmap and take a more cautious approach. If these voices grow louder – and if COVID-19 cases rise – sterling could suffer. Read more...

GBP/USD clings to modest gains near 1.4065-70 area, US Retail Sales awaited

The GBP/USD pair traded with a positive bias through the first half of the European session, albeit lacked any follow-through buying. The pair was last seen hovering around the 1.4070-65 region, up over 0.10% for the day.

The pair regained positive traction on Friday and built on the overnight bounce from the key 1.4000 psychological mark amid the emergence of some fresh selling around the US dollar. Despite signs of rising inflation in the US, the Fed's stubbornly dovish stance failed to assist the USD to capitalize on this week's solid rebound from the lowest level since February 25. Read more...

GBP/USD refreshes session tops, awaits a move beyond 1.4100 mark post-US Retail Sales

The GBP/USD pair refreshed daily tops in reaction to weaker US Retail Sales figures, with bulls now awaiting a sustained move beyond the 1.4100 mark.

The pair managed to regain positive traction on the last trading day of the week and build on the overnight rebound from the key 1.4000 psychological mark. The uptick was exclusively sponsored by the emergence of some fresh selling around the US dollar, which was being weighed down by declining US Treasury bond yields amid dovish Fed expectations. Read more...

GBP/USD

Overview
Today last price 1.4084
Today Daily Change 0.0032
Today Daily Change % 0.23
Today daily open 1.4052
 
Trends
Daily SMA20 1.3942
Daily SMA50 1.3871
Daily SMA100 1.3809
Daily SMA200 1.347
 
Levels
Previous Daily High 1.4078
Previous Daily Low 1.4006
Previous Weekly High 1.4006
Previous Weekly Low 1.3801
Previous Monthly High 1.4009
Previous Monthly Low 1.3669
Daily Fibonacci 38.2% 1.4033
Daily Fibonacci 61.8% 1.405
Daily Pivot Point S1 1.4012
Daily Pivot Point S2 1.3973
Daily Pivot Point S3 1.394
Daily Pivot Point R1 1.4085
Daily Pivot Point R2 1.4118
Daily Pivot Point R3 1.4157

 

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