Pound Sterling Price News and Forecast GBP/USD: Sterling capped by looming Federal Reserve policy change

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GBP/USD Weekly Forecast: Sterling capped by looming Federal Reserve policy change

Sterling stalls near the middle of its six-month range. UK economic data improves, promising an advance in the third quarter. Covid cases climb but future direction and impact are uncertain. FXStreet Forecast Poll is bullish but the gains are minor. Sterling declined on the week but the close at 1.3861, just points from the open, gave no indication that the pound was any closer to departing from the ranges of the past six weeks, or in a wider definition, the past six months. Read more...

GBP/USD rises above 1.3850 after disappointing US consumer confidence data

GBP/USD extends daily rebound during the American trading hours. Consumer confidence in US weakened significantly in August. US Dollar Index drops toward 92.50 after disappointing sentiment data. Following a consolidation phase around 1.3800 during the European trading hours on Friday, the GBP/USD pair gained traction and extended its daily rebound in the American session. As of writing, the pair was up 0.35% on the day at 1.3851. Read more...

GBP/USD

Overview
Today last price	1.3873
Today Daily Change	0.0065
Today Daily Change %	0.47
Today daily open	1.3808

Trends
Daily SMA20	1.3831
Daily SMA50	1.3895
Daily SMA100	1.3926
Daily SMA200	1.3775

Levels
Previous Daily High	1.3879
Previous Daily Low	1.3795
Previous Weekly High	1.3958
Previous Weekly Low	1.3861
Previous Monthly High	1.3984
Previous Monthly Low	1.3572
Daily Fibonacci 38.2%	1.3827
Daily Fibonacci 61.8%	1.3847
Daily Pivot Point S1	1.3775
Daily Pivot Point S2	1.3743
Daily Pivot Point S3	1.3692
Daily Pivot Point R1	1.3859
Daily Pivot Point R2	1.3911
Daily Pivot Point R3	1.3943

GBP/USD Forecast: Holding by a thread, bearish

The GBP/USD pair consolidates at the lower end of its weekly range, trading around the 1.3800 level. Major pairs had been lifeless as volatility plummeted following the release of US July inflation, which spur some temporal and limited dollar’s weakness. However, the American currency has recovered most of the ground shed then and trades near weekly highs across the FX board. The pound is its weakest rival, while safe-haven JPY and Gold are the strongest. Read more...

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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.