Pound Sterling Price News and Forecast: GBP/USD sinks below the 20-day SMA ahead of US NFPs

FXStreet Team FXStreet

GBP/USD sinks below the 20-day SMA ahead of US NFPs

On Thursday, the GBP/USD lost ground as the USD traded strongly against most of its rivals after the release of July's Core Personal Consumption Expenditures (PCE) figures. The GBP’s losses are limited by tightening expectations on the Bank of England remaining high. Read More...

Pound Sterling eyes downside as recession risks elevated

The Pound Sterling (GBP) demonstrates a corrective move as investors seek fresh cues about the interest rate peak from the Bank of England (BoE) for further guidance. The GBP/USD pair eases some gains inspired by bullish market sentiment and expectations that the 15th consecutive interest rate hike by the BoE will neutralize its policy divergence with the US Federal Reserve (Fed). Read More...

GBP/USD: Door open to a probable test of 1.2800 – UOB

Further upside could prompt GBP/USD to revisit the 1.2800 region in the next few weeks, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More...

GBP/USD

Overview
Today last price	1.2665
Today Daily Change	-0.0056
Today Daily Change %	-0.44
Today daily open	1.2721

Trends
Daily SMA20	1.2702
Daily SMA50	1.2781
Daily SMA100	1.2647
Daily SMA200	1.2411

Levels
Previous Daily High	1.2746
Previous Daily Low	1.2619
Previous Weekly High	1.28
Previous Weekly Low	1.2548
Previous Monthly High	1.3142
Previous Monthly Low	1.2659
Daily Fibonacci 38.2%	1.2698
Daily Fibonacci 61.8%	1.2668
Daily Pivot Point S1	1.2645
Daily Pivot Point S2	1.2568
Daily Pivot Point S3	1.2517
Daily Pivot Point R1	1.2772
Daily Pivot Point R2	1.2823
Daily Pivot Point R3	1.29

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

Gold remains bid and close to $4,100

Gold accelerates its recovery and approaches the key $4,000 mark per troy ounce at the end of the week, adding to Thursday’s advance. However, expectations for a hawkish Fed remain steady and keep the yellow metal’s potential upside contained.

Crypto Today: Bitcoin at $60,000, Ethereum at $1,500, and XRP at $1 face a make-or-break test

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are trading in the red on Friday after three consecutive days of losses, testing their respective make-or-break support levels.

Week ahead – NFP report to challenge Dollar strength and the hawkish Fed

Dollar strength dominates markets, as the hawkish Fed overshadows geopolitics and lower oil prices. NFP week could drive September Fed hike expectations and boost market volatility. The euro lacks fresh bullish catalysts, all eyes on the preliminary inflation report and the ECB Forum.

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.