Pound Sterling Price News and Forecast GBP/USD: Reopening at doubt amid resurgent covid cases

GBP/USD Bulls take foot off the gas below 1.3900

GBP/USD slips from the highs as the UK CPI impact tails off a touch into consolidation. Cable traders are weighing both the Fed and the BoE along with the risks of Covid. GBP/USD is trading on the bid by some 0.4% from between a low of 1.3801 and a high of 1.3891 as the greenback slides with markets repricing central banks. First and foremost, the pound climbed against the greenback following UK inflation data that climbed more than expected. Read more...


Today last price 1.3862
Today Daily Change 0.0050
Today Daily Change % 0.36
Today daily open 1.3812
Daily SMA20 1.3867
Daily SMA50 1.4018
Daily SMA100 1.3941
Daily SMA200 1.3683
Previous Daily High 1.3905
Previous Daily Low 1.38
Previous Weekly High 1.3908
Previous Weekly Low 1.3742
Previous Monthly High 1.4249
Previous Monthly Low 1.3787
Daily Fibonacci 38.2% 1.384
Daily Fibonacci 61.8% 1.3865
Daily Pivot Point S1 1.3773
Daily Pivot Point S2 1.3734
Daily Pivot Point S3 1.3668
Daily Pivot Point R1 1.3878
Daily Pivot Point R2 1.3944
Daily Pivot Point R3 1.3983


GBP/USD Forecast: Reopening at doubt amid resurgent covid cases

The GBP/USD pair peaked at 1.3891, retreating afterwards to settle in the 1.3860 price zone. The pair eased from tops despite the broad dollar’s weakness, as mixed UK data and coronavirus-related concerns undermined demand for the pound. Early in the day, the country published June inflation figures, with the Consumer Price Index increasing to 2.5% YoY. Producer Prices in the same month were down, while the Retail Price Index was up 3.9% in the same period. Read more...

GBP/USD Forecast: Dead-cat bounce? Pound at the mercy of Powell

GBP/USD has been recovering after the UK reported higher than expected inflation figures. Fed Chair Powell's testimony is left, right and center after US CPI, soft bond auction supported the dollar. Wednesday's four-hour chart is painting a mixed picture. Inflation is everywhere – that is the notion after both the US and the UK have reported higher-than-expected price rises. However, the increases are boosted by transitory factors on both sides of the pond, and what matters is what policymakers think about it. Read more...


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