Pound Sterling Price News and Forecast: GBP/USD has recovered from early European morning session lows

GBP/USD eases back above 1.3550 amid quiet MLK holiday markets

GBP/USD has seen a gradual recovery from early European morning session lows at 1.3520 and now trades comfortably back above the 1.3550 level, though is still down by around 0.1% or around 10 pips. Volumes have dropped off significantly in recent trade and will continue to do so into the evening given the absence of US market participants, who are away for Martin Luthar King Junior Day. Things will pick up after 23:00GMT as market participants begin to return at the start of the Asia Session.

The pair has been primarily focused on the USD dynamics so far on Monday, with GBP/USD undulating in line with movements in the Dollar Index (DXY); just as GBP/USD is off 1.3520 lows, the DXY is off highs in the mid-90.90s and now trades close to 90.80.

Read more

GBP/USD analysis: Could go downwards

The GBP/USD exchange rate bounced off the resistance level at 1.3700 and dropped below 1.3550.

It is likely that some downside potential could prevail in the market, and the currency pair could test the weekly S1 at 1.3457. If the given support holds, the pair could reverse north.

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.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD falls toward 1.19 after robust US Nonfarm Payrolls data

EUR/USD is trading above 1.19 after dipping below that number in response to the US Nonfarm Payrolls, which showed an increase of 379K jobs in February. Higher yields in response to Powell are keeping the dollar bid.


GBP/USD recovers after post-NFP dip below 1.38

GBP/USD is trading above 1.38 bus till down the day. The US gained 379.000 jobs, roughly double than expected and supporting the dollar. The Senate's stimulus debate is eyed.


XAU/USD battles 1700 level

Gold is staging a rebound toward $1,700 amid proift-taking ahead of the weekend but remains on track to close the third straight week in the negative territory.

Gold News

Ethereum price primed for a swift recovery as the network prepares for a major update in July

Ethereum price aims for a significant recovery towards $2,000. A major upgrade scheduled for July intends to fix the problem with gas fees on Ethereum. ETH miners are not happy with the decision.

Read more

US Dollar Index pushes higher to 92.20 on stellar Payrolls

The march north in the greenback remains unabated and trade in fresh 2021 highs beyond the 92.00 hurdle when tracked by the US Dollar Index (DXY).

US Dollar Index News