Pound Sterling Price News and Forecast: GBP/USD selling opportunity?

FXStreet Team FXStreet

GBP/USD outlook: Clear break out of triangle to provide fresh direction signal

Cable probes below triangle support line in early Friday, after repeated rejections at the upper boundary of the pattern, signaled that bulls are lacking momentum, despite positive UK inflation data.

Fresh weakness is mainly driven by strength of the dollar on growing hopes that the Fed may start tightening earlier than expected.

Daily studies show fresh negative momentum and moving averages back to a bearish setup that supports a negative scenario, which requires close below the triangle, to signal an end of a corrective phase. Read more...

GBP/USD Forecast: Selling opportunity? Risk-off mood could send sterling back down

Pinging hell – Hundreds of thousands of Brits have received notifications saying "You need to self-isolate" due to exposure to someone tested positive for COVID-19. While some of these warnings may have been caused by Bluetooth signals passing through neighbors' walls, the increase in pings serves as additional evidence that the coronavirus spreading rapidly. Under such conditions, it is hard to justify further gains for GBP/USD.

The Delta variant's spread has resulted in over 48,000 confirmed cases in the UK on Thursday, days before the grand "Freedom Day" reopening on July 19. Hospitalizations and deaths are also on the rise, adding to concerns of an economic slowdown resulting from quarantines. Read more...

GBP/USD: Concerns about inflation and covid to send sterling back down

GBP/USD is trading above 1.38 as investors await Britain's reopening on Monday. Selling opportunity? Risk-off mood could send sterling back down, according to FXStreet’s Analyst Yohay Elam.

“The Delta variant's spread has resulted in over 48,000 confirmed cases in the UK on Thursday, days before the grand "Freedom Day" reopening on July 19. Hospitalizations and deaths are also on the rise, adding to concerns of an economic slowdown resulting from quarantines. Under such conditions, it is hard to justify further gains for GBP/USD.” Read more...

GBP/USD

Overview
Today last price	1.3803
Today Daily Change	-0.0025
Today Daily Change %	-0.18
Today daily open	1.3828

Trends
Daily SMA20	1.3856
Daily SMA50	1.4016
Daily SMA100	1.3937
Daily SMA200	1.3692

Levels
Previous Daily High	1.3899
Previous Daily Low	1.3805
Previous Weekly High	1.3908
Previous Weekly Low	1.3742
Previous Monthly High	1.4249
Previous Monthly Low	1.3787
Daily Fibonacci 38.2%	1.3841
Daily Fibonacci 61.8%	1.3863
Daily Pivot Point S1	1.3789
Daily Pivot Point S2	1.375
Daily Pivot Point S3	1.3695
Daily Pivot Point R1	1.3883
Daily Pivot Point R2	1.3938
Daily Pivot Point R3	1.3977

Author

FXStreet Team

FXStreet

EUR/USD tumbles below 1.1800 as Middle East turmoil drives US Dollar demand

The EUR/USD pair falls to near 1.1770 during the early Asian session on Monday, pressured by a renewed US Dollar demand. The Greenback gathers strength against the Euro as the conflict across the Middle East is heightening traders' anxiety, boosting the safe-haven currencies.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold jumps over 2% toward $5,400 after US, Israel attack Iran

Gold is on fire at the start of the week, a widely expected move, as investors seek harbor in the traditional store of value, following the continued US and Israel attacks on Iran. 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 Middle East conflict, rushing for cover in Gold.

Iran escalation: Quick thoughts on markets

Markets are likely to open the week with risk-off, with declines led by airlines, cyclicals and trade-exposed names, while energy, defense and “strategic” sectors may be relatively steadier.

Oil at a critical breakpoint: Will geopolitics trigger the next major move?

The week ahead blends two powerful forces: moderating economic momentum and increasing geopolitical tension. While US and Eurozone data suggest steady but unspectacular growth, rising friction between the US and Iran is injecting a fresh risk premium into energy markets.

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.