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

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD moves sideways below 1.1800 on Christmas Eve

EUR/USD struggles to find direction and trades in a narrow channel below 1.1800 after posting gains for two consecutive days. Bond and stock markets in the US will open at the usual time and close early on Christmas Eve, allowing the trading action to remain subdued.

GBP/USD keeps range around 1.3500 amid quiet markets

GBP/USD keeps its range trade intact at around 1.3500 on Wednesday. The Pound Sterling holds the upper hand over the US Dollar amid pre-Christmas light trading as traders move to the sidelines heading into the holiday season.

Gold retreats from record highs, trades below $4,500

Gold retreats after setting a new record-high above $4,520 earlier in the day and trades in a tight range below $4,500 as trading volumes thin out ahead of the Christmas break. The US Dollar selling bias remains unabated on the back of dovish Fed expectations, which continues to act as a tailwind for the bullion amid persistent geopolitical risks.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Economic outlook 2026-2027 in advanced countries: Solidity test

After a year marked by global economic resilience and ending on a note of optimism, 2026 looks promising and could be a year of solid economic performance. In our baseline scenario, we expect most of the supportive factors at work in 2025 to continue to play a role in 2026.

Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.