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...

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FXStreet Team

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