Pound Sterling Price News and Forecast GBP/USD: Delta set to dominate after Powell pummels dollar

FXStreet Team FXStreet

GBP/USD falls under 1.3800 to one-week lows

Pound weakens near the end of the week amid risk aversion. GBP/USD could post the lowest weekly close since April. The recovery of GBP/USD was short-lived and after reaching 1.3865, it turned to the downside. Recently broke under European session lows and fell to 1.3771, hitting the lowest level since July 9. It remains under 1.3800, on its way toward the lowest weekly close since April. Read more...

GBP/USD

Overview
Today last price	1.3781
Today Daily Change	-0.0047
Today Daily Change %	-0.34
Today daily open	1.3828

Trends
Daily SMA20	1.3856
Daily SMA50	1.4016
Daily SMA100	1.3937
Daily SMA200	1.3692

Levels
Previous Daily High	1.3899
Previous Daily Low	1.3805
Previous Weekly High	1.3908
Previous Weekly Low	1.3742
Previous Monthly High	1.4249
Previous Monthly Low	1.3787
Daily Fibonacci 38.2%	1.3841
Daily Fibonacci 61.8%	1.3863
Daily Pivot Point S1	1.3789
Daily Pivot Point S2	1.375
Daily Pivot Point S3	1.3695
Daily Pivot Point R1	1.3883
Daily Pivot Point R2	1.3938
Daily Pivot Point R3	1.3977

GBP/USD Weekly Forecast: Delta set to dominate after Powell pummels dollar

GBP/USD rocked on rolled in response to high inflation and dismissive responses from central banks. Covid headlines, the UK reopening and US infrastructure talks stand out. Mid-July's daily chart is painting a mixed picture. The FX Poll is pointing to short-term falls before a recovery afterward. Is inflation transitory or not? There is no doubt that prices are rising fast, but the interpretation of the data by the all-powerful Fed is no less important. Rising Delta COVID-19 cases on both sides of the pond are set to gain more importance and so are US infrastructure talks. Read more...

GBP/USD Forecast: Selling opportunity? Risk-off mood could send sterling back down

Pinging hell – Hundreds of thousands of Brits have received notifications saying "You need to self-isolate" due to exposure to someone tested positive for COVID-19. While some of these warnings may have been caused by Bluetooth signals passing through neighbors' walls, the increase in pings serves as additional evidence that the coronavirus spreading rapidly. Under such conditions, it is hard to justify further gains for GBP/USD. Read more...

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.

GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

Gold remains bid and close to $4,100

Gold accelerates its recovery and approaches the key $4,000 mark per troy ounce at the end of the week, adding to Thursday’s advance. However, expectations for a hawkish Fed remain steady and keep the yellow metal’s potential upside contained.

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

Dollar strength dominates markets, as the hawkish Fed overshadows geopolitics and lower oil prices. NFP week could drive September Fed hike expectations and boost market volatility. The euro lacks fresh bullish catalysts, all eyes on the preliminary inflation report and the ECB Forum.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.