Pound Sterling Price News and Forecast: GBP/USD subdued around 1.1840s

FXStreet Team FXStreet

GBP/USD subdued around 1.1840s after printing a YTD low around 1.1800

GBP/USD stays around 1.1840s, following hawkish remarks by the US Federal Reserve (Fed) Chair Jerome Powell. Powell’s two-day testimony before the US Congress will conclude on Wednesday at the US House of Representatives, with market participants expecting him to remain hawkish. Therefore, the GBP/USD is exchanging hands at 1.1843, gaining 0.10%. Read More...

GBP/USD hags near YTD low, remains vulnerable below 200 DMA amid bullish USD

The GBP/USD pair consolidates the previous day's heavy losses and oscillates in a narrow band, just a few pips above its lowest level since November set earlier this Wednesday. The pair trades around the 1.1825 region during the first half of the European session and remains vulnerable below a technically significant 200-day Simple Moving Average (SMA). Read More...

GBP/USD faces the next support at 1.1750 – UOB

In light of the recent price action, GBP/USD could weaken further and meet the next support around 1.1750 according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More...

GBP/USD

Overview
Today last price	1.1842
Today Daily Change	0.0014
Today Daily Change %	0.12
Today daily open	1.1828

Trends
Daily SMA20	1.2036
Daily SMA50	1.2136
Daily SMA100	1.1997
Daily SMA200	1.1909

Levels
Previous Daily High	1.2065
Previous Daily Low	1.1822
Previous Weekly High	1.2143
Previous Weekly Low	1.1922
Previous Monthly High	1.2402
Previous Monthly Low	1.1915
Daily Fibonacci 38.2%	1.1915
Daily Fibonacci 61.8%	1.1972
Daily Pivot Point S1	1.1745
Daily Pivot Point S2	1.1661
Daily Pivot Point S3	1.1501
Daily Pivot Point R1	1.1988
Daily Pivot Point R2	1.2148
Daily Pivot Point R3	1.2231

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 flirts with 1.3500 as USD finds fresh demand

GBP/USD is flatlining near the 1.3500 level in Europe on Tuesday, facing some pressure from renewed US Dollar demand as a safe-haven amid surging Oil prices and inflationary concerns. The focus now remains on the Middle East headlines, with Wednesday's US CPI data the key event risk this week.

EUR/USD stays weak near 1.1550 amid US-Iran impasse

EUR/USD struggles to gain any meaningful traction and hovers near the 1.1550 area in the European session. Traders seem hesitant to place aggressive bets and opt to wait for further developments surrounding the Middle East crisis and this week's release of the latest US inflation figures.

Gold off two-month highs, back below $4,400 amid surging Oil prices

Gold retreats from its highest level since June 5 at $4,435, touched earlier this Tuesday, and slides back below the $4,400 mark in European trading. Surging Oil prices, amid the US-Iran impasse on talks to reopen the Strait of Hormuz, rekindled inflation concerns, lending support to the US DOllar at the expense of the non-yielding bullion.

Pi Network holds at key support as broader market declines

Pi Network steadies around $0.08745 after two consecutive days of losses, capped below the $0.1000 psychological threshold. Retail demand in PI derivatives remains firm, with Open Interest above $9 million, even as broader crypto market sentiment wanes. Technically, PI faces a steeper correction, as it lacks upside momentum to support a near-term recovery.

The inflation narrative is still way more important than the employment story

Core bonds sold off yesterday with the belly of the curve slightly underperforming in the US while European curves showed more of a bear flattening. Daily changes on the US curve varied between +4.7 bps (2-yr) and +6.4 bps (7-yr).

9-3: Is the Federal Reserve’s vote tally Warsh's new forward guidance?

The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.