Pound Sterling Price News and Forecast: GBP/USD retreats back under 1.3850 after hitting monthly highs above 1.3900


GBP/USD retreats back under 1.3850 after hitting monthly highs above 1.3900

The GBP/USD was unable to hold above key technical levels and pulled back amid a recovery of the US dollar. Cable peaked after the beginning of the American session at 1.3913, the highest level in a month and then weakened. It erased most of its daily gains and it is hovering slightly below 1.3850. Read more...

GBP/USD

Overview
Today last price 1.3807
Today Daily Change -0.0033
Today Daily Change % -0.24
Today daily open 1.384
 
Trends
Daily SMA20 1.3767
Daily SMA50 1.3807
Daily SMA100 1.3917
Daily SMA200 1.3827
 
Levels
Previous Daily High 1.3851
Previous Daily Low 1.3797
Previous Weekly High 1.3889
Previous Weekly Low 1.3726
Previous Monthly High 1.3958
Previous Monthly Low 1.3602
Daily Fibonacci 38.2% 1.3831
Daily Fibonacci 61.8% 1.3818
Daily Pivot Point S1 1.3808
Daily Pivot Point S2 1.3776
Daily Pivot Point S3 1.3754
Daily Pivot Point R1 1.3862
Daily Pivot Point R2 1.3884
Daily Pivot Point R3 1.3916

 

GBP/USD rises, FTSE 100 retreats after strong UK jobs data

The GBPUSD pair rallied after the relatively strong UK jobs numbers. The data revealed that the number of job vacancies rose to more than 1 million for the first time on record. This happened as the country’s unemployment rate declined to 4.6% in the three months to July. This was relatively lower than the previous 4.7%. More people moved to the workforce as more opportunities came up and economic inactivity fell. This increase was mostly led by young people, who were hit hard during the pandemic. The pair will next react to the latest UK inflation numbers scheduled for Wednesday. Meanwhile, the FTSE 100 declined after the weak trading statement by Ocado and the strong results by JD Sports. Read more...

GBP/USD Forecast: Sterling bulls fully dependent on dollar weakness, critical US CPI eyed

Benefiting from the misery of others has its limits – GBP/USD has resumed its falls in response to unconvincing UK labor figures. The Claimant Count Change – aka jobless claims – dropped by only 58,600 in August, weaker than over 70,000 expected. That shows Britain's recovery is slowing down. Read more...

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