Pound Sterling Price News and Forecast: GBP/USD could stumble as Brexit is a double-edged sword [Video]

FXStreet Team FXStreet

GBP/USD potential setup for pullback trading [Video]

In the H4 timeframe, GBP/USD broke out the resistance at 1.3080 subsequently followed by a pullback as a test of the sign of strength rally. This could setup a potential pullback trading entry after the confirmation. If trading the pullback is your bread and butter setup, you will need to understand the one thing that every trader should do when trading the pullback in order to increase the winning rate and avoid the early entry or bad entry. Watch the video below (timestamp starts 4:35) where I explain in detail. Read More...

GBP/USD Forecast: Sterling could stumble as Brexit is a double-edged sword

Brexit giveth, will Brexit taketh away? Friday is the day when Chief EU Negotiator Michel Barnier provides his weekly assessment of the talks, and he could point to a lack of meaningful progress despite "intensifying" talks. David Frost, his British counterpart, could do the same.

GBP/USD is holding onto the highest levels since September, a move driven by the resumption of talks on Wednesday. However, returning to the negotiating table does not imply success. The current deadline is mid-November, ahead of the expiry of the transition period on December 31. Read More...

GBP/USD sits near daily tops, around 1.3100 mark post-UK PMIs

The GBP/USD pair rallied over 50 pips in the last hour and refreshed daily tops, with bulls now looking to build on the momentum further beyond the 1.3100 mark.

The pair managed to find decent support near the 1.3050 region and for now, seems to have stalled this week's retracement slide from six-week tops, set on Wednesday. The US dollar struggled to preserve its early gains, instead witnessed some fresh selling during the early European session, which, in turn, was seen as a key factor that provided a minor lift to the GBP/USD pair. Read More...

GBP/USD

Overview
Today last price	1.3085
Today Daily Change	0.0003
Today Daily Change %	0.02
Today daily open	1.3082

Trends
Daily SMA20	1.2946
Daily SMA50	1.3015
Daily SMA100	1.2856
Daily SMA200	1.271

Levels
Previous Daily High	1.3154
Previous Daily Low	1.3071
Previous Weekly High	1.3083
Previous Weekly Low	1.2863
Previous Monthly High	1.3482
Previous Monthly Low	1.2676
Daily Fibonacci 38.2%	1.3102
Daily Fibonacci 61.8%	1.3122
Daily Pivot Point S1	1.3051
Daily Pivot Point S2	1.3019
Daily Pivot Point S3	1.2968
Daily Pivot Point R1	1.3134
Daily Pivot Point R2	1.3185
Daily Pivot Point R3	1.3217

Author

FXStreet Team

FXStreet

EUR/USD remains on the back foot around 1.1700

EUR/USD is coming under heavy selling pressure, hovering around the 1.1700 region in the latter part of the NA session on Monday. The pair’s severe retracement comes as the US Dollar stages a marked bounce on the back of the prevailing flight to safety atmosphere, as investors react to the escalating conflict in the Middle East.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold eases some ground, approaches $5,300

Gold now surrenders part of the earlier advance, reshifting its attenton to the $5,300 zone per troy ounce at the beginning of the week. Indeed, the yellow metal’s firm performance appears propped up by incresing geopolitical jitters in the Middle East, which at the same time fuels the demand for the safe-haven space.