GBP/USD prints fresh two-week highs above 1.3870 as the US dollar remains weak
Pound prints fresh highs across the board during the American session. US dollar consolidates post NFP losses, even as US yields rise sharply. GBP/USD up for the third day in a row, gains a hundred pips from a week ago. The GBP/USD printed a fresh two-week high during the American session at 1.3874. it remains near the top, holding onto most of its daily and weekly gains, on the back of a weaker US dollar across the board. Read more...
|Today last price||1.3874|
|Today Daily Change||0.0040|
|Today Daily Change %||0.29|
|Today daily open||1.3834|
|Previous Daily High||1.384|
|Previous Daily Low||1.3767|
|Previous Weekly High||1.3781|
|Previous Weekly Low||1.3612|
|Previous Monthly High||1.3958|
|Previous Monthly Low||1.3602|
|Daily Fibonacci 38.2%||1.3812|
|Daily Fibonacci 61.8%||1.3795|
|Daily Pivot Point S1||1.3787|
|Daily Pivot Point S2||1.3741|
|Daily Pivot Point S3||1.3715|
|Daily Pivot Point R1||1.386|
|Daily Pivot Point R2||1.3886|
|Daily Pivot Point R3||1.3932|
GBP/USD Weekly Forecast: Torn between mixed forces, data to determine next moves
GBP/USD has been building on dollar weakness but less than its peers. UK GDP, US producer inflation and covid headlines are set to rock the currency pair. Early September's daily chart is showing bears are in the lead. The FX Poll is showing cable is set to swirl around 1.39. Reluctant to rise – Sterling has been lagging behind its peers when it comes to benefiting from the dollar sell-off. Can GBP/USD find its feet or is it vulnerable to a change of course? Data on both sides of the pond is set to determine the next moves. Read more...
GBP/USD Forecast: Sterling finally shines, Nonfarm Payrolls could knock it back down
GBP/USD has topped 1.38 in the latest spell of dollar selling. Nonfarm Payrolls could send the overstretched dollar back up. Friday's four-hour chart is painting a bullish picture for cable. Better late than never – that is what pound bulls have been thinking. GBP/USD has finally staged a convincing break above the tough 1.3785 line and the 1.38 round number. It owes to dollar weakness rather than sterling strength. Read more...
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.