Pound Sterling Price News and Forecast: GBP/USD time to shine? UK data, Fed may put fuel to fire

FXStreet Team FXStreet

UK PM Johnson planning to postpone June 21 lockdown lift – The Sun

British Prime Minister Boris Johnson is planning to delay the lockdown lift to July 19, which was originally scheduled to take place on June 21, to July 19 amid rising cases of the coronavirus Delta variant, The Sun reported on Friday. According to the news outlet, the UK will have a two-week review and could drop restrictions on July 5 if hospitalizations remain low. Read more...

GBP/USD

Overview
Today last price	1.4105
Today Daily Change	-0.0071
Today Daily Change %	-0.50
Today daily open	1.4176

Trends
Daily SMA20	1.4157
Daily SMA50	1.3996
Daily SMA100	1.392
Daily SMA200	1.3568

Levels
Previous Daily High	1.4178
Previous Daily Low	1.4073
Previous Weekly High	1.4249
Previous Weekly Low	1.4083
Previous Monthly High	1.4234
Previous Monthly Low	1.3801
Daily Fibonacci 38.2%	1.4138
Daily Fibonacci 61.8%	1.4113
Daily Pivot Point S1	1.4107
Daily Pivot Point S2	1.4038
Daily Pivot Point S3	1.4002
Daily Pivot Point R1	1.4212
Daily Pivot Point R2	1.4247
Daily Pivot Point R3	1.4317

GBP/USD Weekly Forecast: Sterling's time to shine? UK data, Fed may put fuel to fire

Volatile, but no breakout – between Brexit's comeback and the lack of a taper tantrum, cable has stuck to the range. The focus is mainly on the Fed's decision and any hints of tightening. Britain's reopening decision and top-tier data such as Britain's jobs report are set to provide action as well. Read more...

End of week round up: GBP looks interesting going into next week

The USD has rallied and is now at a critical level but may struggle to turn before the close. GBP weakness looks interesting going into next week with EURGBP support located at 0.8542 and 0.8520. Read more...

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 remains in two-day highs around 1.3260

GBP/USD adds to Friday’s bounce, gathering fresh traction and flirting with the 1.3270 zone on Monday, or two-day tops. Cable’s decent advance comes despite the move higher in the Greenback and investors’ assessing of UK PM K. Starmer's resignation.

EUR/USD remains offered; focus is on 1.1400

EUR/USD rapidly gives back Friday’s rebound and trades with marked losses near 1.1420, or three-month lows, in the latter part of Monday’s NA session. The pair’s intensifies its retracement following the continuation of the robust upside momentum in the US Dollar. Next on tap will be preliminary PMIs the Germany and the Euroland.

Gold bounces off lows, looks to surpass $4,200

Gold regains composure and leaves behind three-consecutive daily declines on Monday, looking to regain the area above the $4,200 mark per troy ounce. Reports of progress in the latest round of US-Iran talks are helping the precious metal maintain its footing at the start of the week, although the stronger Greenback seems to limit the upside potential for now.

XRP recovery underpinned by persistent ETF inflows

Ripple (XRP) gains momentum on Monday, trading above $1.15 as the crypto market widely recovers. This recovery comes amid easing geopolitical tensions in the Middle East, following reports that the United States (US) and Iran made progress in the first round of talks aimed at achieving a lasting peace agreement.

Is Shiba Inu dead or just in a crisis? The data behind SHIB's 95% crash

SHIB, the dog-themed meme coin that became one of the biggest success stories in crypto and turned early buyers into crypto millionaires, is facing tough times. Its price has fallen more than 32% so far this year, and it is down 95% from its all-time high in 2021. Is SHIB simply another fading meme coin, or is the market overlooking a possible recovery story?

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.