Pound Sterling Price News and Forecast GBP/USD: More pain for the pound? Delta, data and future Fed moves all eyed

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GBP/USD Weekly Forecast: More pain for the pound? Delta, data and future Fed moves all eyed

Flight to safety – that has been the main theme boosting the dollar as coronavirus cases have continued rising, and data has been mediocre at best. Will the Federal Reserve come to the rescue by pushing back against tapering its bond-buying scheme? That is the main question for investors who are also watching covid figures on both sides of the pond. Read more...

GBP/USD Price Analysis: 1.3570 is the next relevant target for bears

The GBP/USD pair added to the previous day's heavy losses and witnessed some follow-through selling on the last day of the week. This marked the fourth day of a negative move in the previous five and dragged the pair to the 1.3600 neighbourhood, or one-month lows during the mid-European session. Read more...

GBP/USD

Overview
Today last price	1.3626
Today Daily Change	-0.0014
Today Daily Change %	-0.10
Today daily open	1.364

Trends
Daily SMA20	1.3845
Daily SMA50	1.3856
Daily SMA100	1.3926
Daily SMA200	1.3789

Levels
Previous Daily High	1.3758
Previous Daily Low	1.3632
Previous Weekly High	1.3894
Previous Weekly Low	1.3791
Previous Monthly High	1.3984
Previous Monthly Low	1.3572
Daily Fibonacci 38.2%	1.368
Daily Fibonacci 61.8%	1.371
Daily Pivot Point S1	1.3596
Daily Pivot Point S2	1.3551
Daily Pivot Point S3	1.347
Daily Pivot Point R1	1.3722
Daily Pivot Point R2	1.3803
Daily Pivot Point R3	1.3848

GBP/USD Forecast: Sterling is oversold, could find a bottom and then bounce

How low can sterling go? Further than many had thought, it seems. GBP/USD is down some 200 pips on the week in a sharp move mostly recorded after the Federal Reserve's meeting minutes raised expectations of tapering. If the Fed prints fewer dollars, the currency is worth more. Read more...

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FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD stays slightly offered below 1.3600

Following an initial drop to fresh six-day lows, GBP/USD now picks up some updside traction and trades in levels just shy of the 1.3600 barrier on Thursday. The generalised cautious tone among market participants continue to underpin the Greenback ahead of Friday’s data releases and the Fed Warsh’s speech.

EUR/USD struggles for direction around 1.1650

EUR/USD gyrates around the 1.1650 region amid the absence of clear direction and following an earlier drop to the 1.630 area. The pair’s vacillating mood comes in response to the equally irresolute price action in the US Dollar as investors warm up for the release of the NFP Annual Revision and the speech by the Fed’s Warsh at the Jackson Hole Symposium, both events due on Friday.

Gold recovers $4,600, buyers unwilling to give up

Gold adds to Wednesday’s pullback, although it manages to pick up some pace and come closer to the $4,600 mark per troy ounce on Thursday. In the meantime, the yellow metal remains on the back foot despite the widespread caution and the lack of clear direction of the US Dollar.

Ripple rebounds as whales accumulate 460 million XRP

Ripple (XRP) holds above $1.40 support on Wednesday, as bulls return to take control following three consecutive days of declines. The remittance token’s upside appears capped at $1.50 while extended gains would face additional resistance at $1.70. A break above $2.00 would mark a potential regime shift from bearish to bullish.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.

Kevin Warsh’s Jackson Hole dilemma: Say too much, too little, or just enough

Kevin Warsh is preparing to deliver his first Jackson Hole speech as Federal Reserve (Fed) Chair on Friday, and expectations extend well beyond whether interest rates will be raised or left unchanged in September.