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...


Today last price 1.4084
Today Daily Change 0.0032
Today Daily Change % 0.23
Today daily open 1.4052
Daily SMA20 1.3942
Daily SMA50 1.3871
Daily SMA100 1.3809
Daily SMA200 1.347
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


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.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD jumps towards 1.1950 amid upbeat Eurozone PMIs

EUR/USD rebounds towards 1.1950 after German and Eurozone Preliminary PMIs beat expectations. The US dollar stalls its recovery amid dovish Fed's Powell. US PMIs and Fedspeak remain in focus. 


GBP/USD advances towards 1.4000 ahead of UK PMI

GBP/USD bounces back towards 1.4000 ahead of the UK PMIs. The US dollar pauses its rebound and turns south amid a risk-on market mood. Renewed Brexit optimism also underpins the spot. 


Gold: Battle lines well-defined below $1800

Gold wavers in a narrow range, digesting dovish Powell’s comments. US dollar reverses early gains, despite worsening market mood.

Gold News

Three reasons why SafeMoon price might rally 60% soon

SafeMoon price has experienced a massive sell-off since June 15 as it deviated below its previous range low established on May 23. However, this deviation is likely to revert to the mean, providing an excellent opportunity for an uptrend.

Read more

Apple breaks out of weekly triangle, targets record high

AAPL shares are continuing to push higher as FAANG names and the Nasdaq lead the equity markets higher. Apple shares have struggled for momentum since releasing results in late April as the Nasdaq, in particular, suffered for most of May. 

Read more