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

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

EUR/USD consolidates below 1.1700 amid cautious markets

EUR/USD is holding steady below 1.1700 in the European trading hours on Thursday. The pair pauses its losing streak as the US Dollar consolidates the recent recovery amid a cautious market mood and ahead of the mid-tier US employment data.

GBP/USD turns lower to near 1.3450 amid softer risk tone

GBP/USD loses ground to trade near 1.3450 in the early European session on Thursday. Markets turn cautious amid simmering geopolitical tensions and ahead of the US labor market data due later in the day.

Gold selling pressure persists as traders lock in profits ahead of US NFP report

Gold remains under some selling pressure for the second straight day and slides back closer to the overnight swing low during the Asian session on Thursday. The downtick lacks any fundamental catalyst and is likely to remain limited amid a supportive fundamental backdrop.

Pi Network flashes bearish potential as selling pressure mounts

Pi Network trades above $0.2000 at press time on Thursday, following a nearly 2% decline the previous day. Centralized Exchanges have received 1.90 million PI tokens over the last 24 hours, suggesting risk-off sentiment among holders. The technical outlook for the PI token remains bearish, with a risk of a cross below the 20-day Exponential Moving Average.

2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.