Pound Sterling Price News and Forecast: GBP/USD remains on the front foot around the multi-day top

GBP/USD teases two-week top past 1.3800, ignores UK tax hike fears, Brexit and coronavirus woes

GBP/USD struggles between the US dollar weakness and the recently downbeat catalysts for the UK around a fortnight high close to 1.3830 during Friday’s Asian session. Alike other major pairs, the cable also cheered the greenback’s fall while refreshing the multi-day top the previous day despite covid and Brexit concerns. The latest challenge is relating to the tax hike proposal from UK Prime Minister Boris Johnson.

Read More ...


Today last price 1.3835
Today Daily Change 0.0001
Today Daily Change % 0.01
Today daily open 1.3834
Daily SMA20 1.3775
Daily SMA50 1.3809
Daily SMA100 1.3922
Daily SMA200 1.3812
Previous Daily High 1.384
Previous Daily Low 1.3767
Previous Weekly High 1.3781
Previous Weekly Low 1.3612
Previous Monthly High 1.3958
Previous Monthly Low 1.3602
Daily Fibonacci 38.2% 1.3812
Daily Fibonacci 61.8% 1.3795
Daily Pivot Point S1 1.3787
Daily Pivot Point S2 1.3741
Daily Pivot Point S3 1.3715
Daily Pivot Point R1 1.386
Daily Pivot Point R2 1.3886
Daily Pivot Point R3 1.3932


GBP/USD Forecast: Ascending triangle signals upward move, why it could be a fakeout

Is everything written in the charts? If so, GBP/USD is on the verge of a significant upside – technical analysis textbooks say that an ascending triangle is a bullish pattern. However, a cross-analysis with other currencies shows that sterling is lagging behind its peers in taking advantage of the dollar's decline.

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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD: Bulls step in at month-end, eyeing the upside

EUR/USD is set to close off a bearish week towards a test of 1.11 the figure after breaking out of the bearish weekly wedge to the downside. Bulls have an eye on the weekly M-formation and prospects of a significant correction. 


GBP/USD slumps toward 1.3350, renews five-week lows

GBP/USD stays under constant bearish pressure on Thursday and trades at its lowest level since late December below 1.3370. Following the upbeat growth data from the US, the US Dollar Index is rising more than 0.7% on the day above 97.00. 


Gold poised to challenge January’s low at 1,782.60

Gold is sharply down for a second consecutive day, trading around $1,793.00. XAU/USD shed roughly $50 following a hawkish Fed monetary policy announcement, as the US central bank hinted at a rate hike in March when it is also set to end its pandemic-related financial support.

Gold News

Bitcoin struggles against resistance as bulls keep their eye on $40,000

Bitcoin price action faced intense selling pressure after the Fed’s decision, with Bitcoin losing more than 5% from its Wednesday high. If the sell-off from the top wasn’t discouraging enough for bulls, then the daily close in the red certainly added insult to injury.

Read more

Apple (AAPL) Earnings for Q1 beats estimates on EPS and revenue

Apple (AAPL) reported earnings after the close on Thursday. Earnings per share (EPS) came in at $2.10 versus the estimate of $1.89. Revenue was $123.9 billion versus the estimate for $118.66 billion. AAPL is trading at $162.40 in Thursday's aftermarket, a change of 2% versus the regular session close of $159.16.

Read more