Pound Sterling Price News and Forecast: GBP/USD now seems vulnerable to test sub-1.2200 levels [Video]

GBP/USD bears may retain charge after one-month low [Video]

GBPUSD refused to close within the Ichimoku cloud for a second time this month on Monday despite piercing it slightly to the downside.

With the price having reached a new one-month low of 1.2250 in a familiar support area, upside corrections or some stabilization cannot be ruled out in the short-term. Yet, any improvement could be short-lived as the bears remain in charge according to the RSI and the MACD which continue to lose strength below their neutral marks. Read More...


GBP/USD Forecast: Now seems vulnerable to test sub-1.2200 levels

The GBP/USD pair failed to capitalize on its attempted recovery move on Monday, instead witnessed a dramatic intraday turnaround and dived to one-month lows. The early uptick was exclusively sponsored by the emergence of some renewed US dollar selling bias amid a modest recovery in the global equity markets. However, the ever-increasing number of coronavirus cases served as a warning that the road to recovery will be much slower than expected. This, in turn, extended some support to the greenback's perceived safe-haven status and kept a lid on any strong gains for the major.

The British pound was further pressured by concerns about how Britain’s government will pay for its planned infrastructure program. The worries surfaced after the UK Prime Minister Boris Johnson promised to double public investments. This comes on the back of persistent Brexit-related uncertainties, which further took its toll on the sterling and contributed to the pair's sharp intraday fall. The pair tumbled around 140 pips from daily swing highs and took along some short-term trading stops near the 1.2300 round-figure mark. Read More...



GBP/USD Forecast: Five reasons to extend the 500-pip fall and levels to watch

GBP/USD traded above 1.28 in mid-June – and has been struggling to recapture 1.23 in recent hours – a 500+ pip plunge. There may be more in store. The currency pair will likely end the second quarter above its closing levels in late March – but may continue its slide.


Five GBP/USD downers

!) Leicester lockdown: The gradual reopening of the British economy – slower than continental peers – is seeing its first significant setback. Leicester, a midsized town in the Midlands, will suffer from new restrictions. New coronavirus figures from the region and the rest of the UK will be eyed. 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

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD bounces after upbeat COVID-19 cure news

EUR/USD is trading above 1.13, rebounding from the lows. Gilead reported that its drug Remdesevir substantially reduces mortality among COVID-19 patients. The news boosted stocks and weighed on the dollar. US coronavirus statistics are due out.


GBP/USD recaptures 1.26 as the market mood improves

GBP/USD is trading above 1.26 as the market mood improves and the safe-haven dollar retreats. Investors are shrugging off Brexit concerns and focusing on hopes to cure coronavirus. US COVID-19 statistics are due out.


XAU/USD consolidates daily gains above $1,800

After advancing to its highest level since September of 2011 at $1,818 on Wednesday, the XAU/USD pair staged a correction and briefly dropped below $1,800 on Thursday.

Gold News

Cryptocurrencies: War for dominance hit the bedrock of the market

Bitcoin tried to regain market share and activated sales in the Altcoin segment. BTC/USD, ETH/USD and XRP/USD are looking for supports and a rebound to push them to new elative highs. The current compression on the XRP/USD chart could trigger an exploding movement.

Read more

WTI once again breaks $40 per barrel after trading lower in early EU trade

There has been quite the bounce in WTI since the EU session after some strong selling pressure during Thursday and overnight. Once again on Friday's session, the price has taken the USD 40 per barrel handle. 

Oil News