Pound Sterling Price News and Forecast: GBP/USD keeps ignoring Brexit threat

FXStreet Team FXStreet

GBP/USD Price Analysis: Overbought RSI triggers pullback from one-week high

GBP/USD declines to 1.3207, intraday low of 1.3206, during the early Thursday’s trading. In doing so, the Cable snaps two-day winning streak while reversing from the one-week top.

Considering the RSI conditions and the pair’s multiple failures to stays past-1.3200, the August 06 high of 1.3185 as immediate support ahead of Tuesday’s peak near 1.3170. Though, the pair’s extended weakness past-1.3170 will be challenged by 50% and 61.8% Fibonacci retracement levels around 1.3120 and 1.3090 respectively.

GBP/USD Forecast: Pound keeps ignoring Brexit threat

The GBP/USD is up for a second consecutive day, trading around the 1.3200 level by the end of the US session. The pair surged from a daily low at 1.3116, reached after the release of encouraging US data, which anyway was not enough to support the dollar. The advance seems linked to investor’s cautious approach to the greenback ahead of Fed’s Powell speech on Thursday rather to resurgent demand for the sterling.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.