Pound Sterling Price News and Forecast GBP/USD: Market participants waiting for UK employment figures


GBP/USD Forecast: Market participants waiting for UK employment figures

The GBP/USD pair bottomed for the day at 1.3827, recovering some ground in the American afternoon to end the day at around 1.3854. The pair depended solely on the dollar’s demand, or the lack of it, ignoring news coming from the United Kingdom. Nevertheless, news showed a sharp increase in the value of goods imported from Northern Ireland to the Republic, up by 77%, while the value of exports rose 43%. Companies on both sides of Ireland are making their way to avoid difficulties resulting from the Brexit protocol. Read more...

GBP/USD remains under pressure on firmer US dollar

GBP/USD under pressure as greenback perks up again. Risk-off markets are taking their toll on forex at the start of the week. GBP/USD is down some 0.17% on the day as the greenback makes back some ground following a dismal performance at the end of last week's trade. Cable is trading at 1.3841 after falling from a high of 1.3878 to a low of 1.3827. Read more...

GBP/USD

Overview

Today last price1.3842

Today Daily Change-0.0026

Today Daily Change %-0.19

Today daily open1.3868

Trends

Daily SMA201.3835

Daily SMA501.3889

Daily SMA1001.3927

Daily SMA2001.3778

Levels

Previous Daily High1.3875

Previous Daily Low1.3791

Previous Weekly High1.3894

Previous Weekly Low1.3791

Previous Monthly High1.3984

Previous Monthly Low1.3572

Daily Fibonacci 38.2%1.3843

Daily Fibonacci 61.8%1.3823

Daily Pivot Point S11.3814

Daily Pivot Point S21.376

Daily Pivot Point S31.373

Daily Pivot Point R11.3898

Daily Pivot Point R21.3929

Daily Pivot Point R31.3983

 

GBP/USD Forecast: Sterling set to suffer even if the dollar takes a breather

GBP/USD has been drifting lower as the safe-haven dollar finds reasons to rise. Concerns about Britain's covid situation could keep cable depressed even if the greenback drops. Monday's four-hour chart is painting a mixed picture. Has sterling's bounce already ended? The chart is showing that GBP/USD has set to lower highs, exposing the currency pair's weakness – and for good reasons. Read more...

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