Pound Sterling Price News and Forecast GBP/USD: Duo of central banks and Nonfarm Payrolls promise wild action


GBP/USD plummets below 1.3700, on US dollar strength, ahead Fed and BoE week

The GBP/USD slides for the third time in the week, looking forward to ending the week in the red, down 0.67%, trading at 1.3696 during the New York session at the time of writing. Worse than expected, heavy-tech US Q3 corporate earnings on Thursday and concerns about inflation and tight monetary policy dampened market sentiment, weakening risk-sensitive currencies like the British pound. Read more...

GBP/USD

Overview
Today last price 1.369
Today Daily Change -0.0098
Today Daily Change % -0.71
Today daily open 1.3788
 
Trends
Daily SMA20 1.3691
Daily SMA50 1.3714
Daily SMA100 1.3785
Daily SMA200 1.3852
 
Levels
Previous Daily High 1.3815
Previous Daily Low 1.3722
Previous Weekly High 1.3834
Previous Weekly Low 1.3709
Previous Monthly High 1.3913
Previous Monthly Low 1.3412
Daily Fibonacci 38.2% 1.3779
Daily Fibonacci 61.8% 1.3758
Daily Pivot Point S1 1.3736
Daily Pivot Point S2 1.3683
Daily Pivot Point S3 1.3643
Daily Pivot Point R1 1.3828
Daily Pivot Point R2 1.3868
Daily Pivot Point R3 1.392

 

GBP/USD Weekly Forecast: Duo of central banks and Nonfarm Payrolls promise wild action

GBP/USD has been edging higher on weak US GDP and falling bond yields. Inflation seems to bite – at least the US economy, which has suffered weaker growth. The dollar struggled in response to GDP data and the yield curve flattened, allowing GBP/USD to advance despite ongoing Brexit issues. The FX Poll is pointing to short-term gains and falls afterward. Read more... 

GBP/USD Forecast: British pound to weaken with Brexit headlines taking center stage

The GBP/USD pair has managed to erase a portion of its weekly losses on Thursday but failed to recapture the 1.3800 mark. However, the fact that the EUR/GBP pair registered gains for the second straight day on Thursday suggests that GBP/USD's recovery was fueled by the broad-based USD weakness rather than GBP strength. Read more...

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