Pound Sterling Price News and Forecast: GBP/USD seesaws around monthly high

FXStreet Team FXStreet

GBP/USD hovers around 1.3400 as Brexit, Omicron fears battle thin liquidity

GBP/USD takes rounds to 1.3400 during an inactive Asian session on Monday. The cable pair snapped a three-day uptrend near the monthly high the previous day as fears over South Africa-linked covid variant and Brexit escalate. However, an offer in the UK and holiday mood elsewhere in the west restricts the market’s moves of late.

GBP/USD

Overview
Today last price	1.3398
Today Daily Change	-0.0016
Today Daily Change %	-0.12
Today daily open	1.3414

Trends
Daily SMA20	1.3277
Daily SMA50	1.345
Daily SMA100	1.3585
Daily SMA200	1.3754

Levels
Previous Daily High	1.3421
Previous Daily Low	1.3384
Previous Weekly High	1.3438
Previous Weekly Low	1.3174
Previous Monthly High	1.3698
Previous Monthly Low	1.3194
Daily Fibonacci 38.2%	1.3398
Daily Fibonacci 61.8%	1.3407
Daily Pivot Point S1	1.3392
Daily Pivot Point S2	1.3369
Daily Pivot Point S3	1.3354
Daily Pivot Point R1	1.3429
Daily Pivot Point R2	1.3444
Daily Pivot Point R3	1.3467

Pound jumps as Omicron risk dismissed

It has been a very good week for the British pound, which is up 1.29%. So good, in fact, that this will likely mark the pound’s best week of 2021. On Thursday, GBP/USD punched above the 1.34 line for the first time in a month.

GBP/USD declines as market caution lifts US Dollar

GBP/USD extends its gains for the second successive day, trading around 1.3200 during the Asian hours on Wednesday. The currency pair depreciated as the US Dollar gained momentum, driven by a combination of robust domestic economic data and a complex, mixed geopolitical landscape.

EUR/USD hits one-year low, eyes 1.1350 as bullish USD offsets oversold RSI

The EUR/USD pair drifts lower for the third straight day – also marking the fifth day of a negative move in the previous six – and drops to over a one-year low during the Asian session on Wednesday. Spot prices currently trade around the 1.1365 area, down nearly 0.15% for the day, and seem vulnerable to slide further amid a bullish US Dollar.

$4,050: Gold dives to fresh two-week low as Fed rate hike bets boost US Dollar

Gold drifts lower for the second straight day – also marking the fifth day of a negative move in the previous six – and drops to a nearly two-week low during the Asian session on Wednesday. Despite easing inflationary concerns in the face of the recent fall in Crude Oil prices, traders have been pricing in a greater chance of a rate hike by the US Federal Reserve.

Dogecoin tests a key make-or-break point amid waning retail support

Dogecoin trades below $0.08000 maintaining a steady decline for the seventh straight week. The meme coin is losing its retail strength as DOGE futures Open Interest drops 10% in 24 hours, while institutional demand remains muted with zero inflows so far this week.

"Rearranging the deckchairs on the Titanic": UK's fiscal crisis outlasts another Prime Minister

Keir Starmer's resignation as the UK Prime Minister comes ten years after the Brexit referendum vote, a coincidence that financial markets have been quick to note. The British Pound trades around 1.3220 against the US Dollar on Thursday.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.