Pound Sterling Price News and Forecast: GBP/USD plunges below 1.1900

FXStreet Team FXStreet

GBP/USD plunges below 1.1900 on hawkish remarks by Federal Reserve Chair Powell

GBP/USD plunges over 100 pips as the US Federal Reserve (Fed) Chairman Jerome Powell testifies at the US Senate on Tuesday. The US Dollar is rising despite US Treasury bond yields dropping. At the time of writing, the GBP/USD is trading at 1.1854 after hitting a daily high of 1.2065. Read More...

GBP/USD Price Analysis: Slides below 1.2000 amid modest USD strength, ahead of Fed’s Powell

The GBP/USD pair comes under some renewed selling pressure following an early uptick to the 1.2065 area, or a multi-day top touched earlier this Tuesday and extends the downfall through the mid-European session. The pair slides back below the 1.2000 psychological mark in the last hour and is pressured by the emergence of fresh US Dollar buying. Read More...

GBP/USD surrenders modest intraday gains, hangs near daily low ahead of Powell’s testimony

The GBP/USD pair struggles to capitalize on its intraday positive move to a four-day peak and meets with a fresh supply near the 1.2065 region on Tuesday. Spot prices retreat to the lower end of the daily range, around the 1.2020-1.2015 region during the first half of the European session and remain at the mercy of the US Dollar price dynamics. Read More...

GBP/USD

Overview
Today last price	1.1843
Today Daily Change	-0.0176
Today Daily Change %	-1.46
Today daily open	1.2019

Trends
Daily SMA20	1.2047
Daily SMA50	1.214
Daily SMA100	1.1992
Daily SMA200	1.1913

Levels
Previous Daily High	1.2049
Previous Daily Low	1.1993
Previous Weekly High	1.2143
Previous Weekly Low	1.1922
Previous Monthly High	1.2402
Previous Monthly Low	1.1915
Daily Fibonacci 38.2%	1.2014
Daily Fibonacci 61.8%	1.2028
Daily Pivot Point S1	1.1992
Daily Pivot Point S2	1.1964
Daily Pivot Point S3	1.1936
Daily Pivot Point R1	1.2047
Daily Pivot Point R2	1.2076
Daily Pivot Point R3	1.2103

Author

FXStreet Team

FXStreet

EUR/USD: Breakdown below trading range support near 1.1770 comes into play

The EUR/USD pair opens with a bearish gap at the start of a new week as the US-Iran war-led global flight to safety boosts the US Dollar. Spot prices, however, lack follow-through selling and manage to hold above mid-1.1700s during the Asian session.

GBP/USD targets 1.3500 barrier near moving averages

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold retreats from $5,400; still up over 1% amid Middle East tensions

Gold retreats from the $5,400 neighborhood, or its highest level since late January, touched in the Asian session on Monday, though it manages to hold above the $5,300 round figure. The bright metal opened with a bullish gap of about $17 and rallied toward the $5,400 level as Asian traders hit their desks and reacted negatively to the weekend news of the US and Israel attacks on Iran, rushing for cover in Gold.

Top Crypto Losers: Tezos, Toncoin, and Polkadot at crucial levels amid US-Israel strike on Iran

Altcoins such as Tezos, Toncoin, and Polkadot rank among the worst hit cryptocurrencies over the last 24 hours amid the US and Israel's attack on Iran. Tezos and Toncoin are down to crucial support levels while Polkadot remains near a crucial resistance trendline, showcasing underlying strength.

The market is paying for insurance, not apocalypse

As expected, this morning felt less like a Monday market open and more like a fire drill. Futures screens flickered red. S&P contracts down almost 1%. Nasdaq off 1.2%. Brent leaped 13% through $80. Gold rose 1.6% toward $5350 before paring some gains. The dollar is strutting mildly. The Swiss franc is quietly doing what it always does in a storm, catching some safe-haven flows.

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.