Pound Sterling Price News and Forecast: GBP/USD manages attempts to push higher

FXStreet Team FXStreet

GBP/USD contains above 1.3750 amid USD weakness, Bailey’s comment

The GBP/USD pair accumulates gains on Monday. The pair posts gains for the fourth-straight session. At the time of writing, GBP/USD is trading at 1.3759, up 0.10% for the day. The US Dollar Index, which tracks the performance of the greenback trades below 94.00 despite the higher US benchmark 10-year Treasury yields.

GBP/USD

Overview
Today last price	1.3741
Today Daily Change	-0.0003
Today Daily Change %	-0.02
Today daily open	1.3744

Trends
Daily SMA20	1.3617
Daily SMA50	1.3719
Daily SMA100	1.382
Daily SMA200	1.3846

Levels
Previous Daily High	1.3773
Previous Daily Low	1.3668
Previous Weekly High	1.3773
Previous Weekly Low	1.3568
Previous Monthly High	1.3913
Previous Monthly Low	1.3412
Daily Fibonacci 38.2%	1.3733
Daily Fibonacci 61.8%	1.3708
Daily Pivot Point S1	1.3683
Daily Pivot Point S2	1.3623
Daily Pivot Point S3	1.3578
Daily Pivot Point R1	1.3789
Daily Pivot Point R2	1.3834
Daily Pivot Point R3	1.3894

GBP/USD Weekly Forecast: Sterling shines as stars align, UK inflation key to more gains

Brexit tends to pound the pound – but now, relatively soothing news has helped send sterling higher. Alongside a moderate tapering path from the Fed, inflation concerns failed to stop cable's climb. UK inflation stands out, as it could determine the BOE's next decision.

EUR/USD struggles to regain momentum in the low1.1600s

EUR/USD is giving some signs of life in the aftermath of two severe days of losses on Wednesday, reclaiming the 1.1600 hurdle and above on the back of the resurgence of a mild selling bias around the US Dollar. Moving forward, the usual US weekly Claims will take centre stage on Thursday ahead of Friday’s crucial NFP data.

GBP/USD appears bid around 1.3370

GBP/USD reverses part of its recent multi-day decline, gathering some balance and managing to reach the 1.3400 region, where some initial resistance seems to have turned up. Cable’s uptick comes in response to some loss of momentum in the Greenback despite the geopolitical scenario remaining fragile.

Gold recovers modestly despite intensifying Middle East crisis

Gold keeps its daily gains well in place, although a break above the $5,200 mark per troy ounce still remains elusive on Wednesday. The yellow metal’s rebound comes in response to the persistent flight-to-safety amid intense geopolitical tensions in the Middle East and the bearish performance of the US Dollar.