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

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...


Today last price 1.3781
Today Daily Change -0.0047
Today Daily Change % -0.34
Today daily open 1.3828
Daily SMA20 1.3856
Daily SMA50 1.4016
Daily SMA100 1.3937
Daily SMA200 1.3692
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...

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 retreats below 1.1300 area as NFP-inspired dollar weakness fades

EUR/USD jumped to a daily high of 1.1333 with the initial market reaction to the disappointing November Nonfarm Payrolls data but quickly returned below 1.1300. Rising US Treasury bond yields seem to be helping the dollar stay resilient against its major rivals. 


GBP/USDdrops to 1.3250 area as dollar regains strength

GBP/USD spiked above 1.3300 in the early American session with the initial market reaction to the gloomy US November jobs report. However, the greenback regathered strength on hawkish Fed commentary and forced the pair to turn south.


Gold struggles to capitalize on weak NFP data, holds near $1,770

Gold spiked to a daily high near $1,780 with the initial market reaction to the disappointing Nonfarm Payrolls data from the US but seems to be having a difficult time preserving its bullish momentum with the 10-year US T-bond yield staying resilient.

Gold News

The bull and the bear case for BTC

Bitcoin price saw a bullish impulse that faced massive headwinds before it tagged a crucial psychological barrier. Bitcoin is likely to experience massive volatility as the situation resolves over time. 

Read more

Cyber Monday 2021 Discounts!

Glued to your trading screen on Cyber Monday? Upgrade your skills by signing up for FXStreet’s Premium service, offered at a discount of up to 50%. Fellow traders have already taken advantage of Black Friday profits. What about you? 

Subscribe now!