Pound Sterling Price News and Forecast: GBP/USD shines as stars align, UK inflation key to more gains


GBP/USD Weekly Forecast: Sterling shines as stars align, UK inflation key to more gains

Brexit tends to pound the pound – but now, relatively soothing news has helped send sterling higher. Alongside a moderate tapering path from the Fed, inflation concerns failed to stop cable's climb. UK inflation stands out, as it could determine the BOE's next decision. GBP/USD has been boosted by Brexit calm and clearer Fed path. UK inflation, the energy crunch and US politics are set to rock markets. Mid-October's daily chart shows bears are holding onto their lead. The FX Poll is pointing to a reversal of recent gains. Read more...

GBP/USD pulls back from 1.3775, remains steady at one-month highs

The British pound has rallied on Friday to break above 1.3750, reaching 1.3775 for the first time since mid-September. The pair has appreciated about 0.65% in the best daily performance over the last few weeks and is set to close the week with a substantial advance after having appreciated nearly 2.5% so far in October. Read more...

GBP/USD

Overview
Today last price 1.3756
Today Daily Change 0.0083
Today Daily Change % 0.61
Today daily open 1.3673
 
Trends
Daily SMA20 1.3617
Daily SMA50 1.3721
Daily SMA100 1.3824
Daily SMA200 1.3845
 
Levels
Previous Daily High 1.3735
Previous Daily Low 1.3656
Previous Weekly High 1.3659
Previous Weekly Low 1.3532
Previous Monthly High 1.3913
Previous Monthly Low 1.3412
Daily Fibonacci 38.2% 1.3705
Daily Fibonacci 61.8% 1.3686
Daily Pivot Point S1 1.3641
Daily Pivot Point S2 1.3609
Daily Pivot Point S3 1.3562
Daily Pivot Point R1 1.372
Daily Pivot Point R2 1.3767
Daily Pivot Point R3 1.3799

 

GBP/USD Forecast: Near-term bullish outlook remains intact

The GBP/USD pair failed to make a daily close above 1.3700 on Thursday but buyers are not discouraged as the pair seems to have regathered its bullish momentum on Friday. At the time of press, GBP/USD was trading at its highest level in three weeks above 1.3730. GBP/USD has regained its traction in the early European session. UK's Frost and EU's Šefčovič will discuss Northern Ireland protocol on Friday. US T-bond yields continue to impact dollar's valuation. Read more...

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