Pound Sterling Price News and Forecast: GBP/USD: Traders are positioned flat ahead of NFP, breakout eyed

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GBP/USD Price Analysis: Traders are positioned flat ahead of NFP, breakout eyed

GBP/USD has shown signs of a classic pre-Nonfarm Payroills clear out as the pair sweeps liquidity on both sides of the bulk of this week's range. GBP/USD rallied in Asia from the lows and reached as high as 1.2781 before collapsing to the day's lows in late US morning trade of 1.2673, taking out Tuesday's inside day's lows. Read More...

Pound Sterling surrenders gains as risk aversion theme strengthens

The Pound Sterling (GBP) has dropped half of its gains made after the headlines that Bank of England (BoE) Governor Andrew Bailey has urged industry regulators not to overcharge customers. The GBP/USD pair has printed a fresh two-week high at 1.2775 as BoE Bailey believes that moves by regulators would help in slowing down inflationary pressures. Andrew Bailey is confident that stubborn inflation will come down but borrowers would face severe consequences and the timing of the rate cut is uncertain. Read More...

GBP/USD maintains the consolidation for the time being – UOB

Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group, GBP/USD is still expected to navigate the 1.2630-1.2800 range in the next few weeks. Read More...

GBP/USD

Overview
Today last price	1.2741
Today Daily Change	0.0037
Today Daily Change %	0.29
Today daily open	1.2704

Trends
Daily SMA20	1.2692
Daily SMA50	1.2564
Daily SMA100	1.2397
Daily SMA200	1.2141

Levels
Previous Daily High	1.2736
Previous Daily Low	1.2688
Previous Weekly High	1.276
Previous Weekly Low	1.2591
Previous Monthly High	1.2848
Previous Monthly Low	1.2369
Daily Fibonacci 38.2%	1.2706
Daily Fibonacci 61.8%	1.2717
Daily Pivot Point S1	1.2683
Daily Pivot Point S2	1.2662
Daily Pivot Point S3	1.2636
Daily Pivot Point R1	1.273
Daily Pivot Point R2	1.2757
Daily Pivot Point R3	1.2778

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 keeps the bid bias near 1.3550

GBP/USD leaves behind part of the recent three-day retracement and hovers around the 1.3550 region on Monday. The Greenback’s fresh downward trend helps Cable and the rest of the risk complex recoup part of the recent ground lost while attention remains on the potential Fed rate path.

EUR/USD retakes 1.1600; looks at the 200-day SMA

EUR/USD manages to gather fresh steam and advances past the 1.1600 hurdle as Monday’s NA session draws to a close. Indeed, the pair patially reverses Friday’s sharp retracement amid the renewed downside momentum in the US Dollar. Moving forward, the flash Inflation Rate in the euro zone and US JOLTs and the ISM Manufacturing should keep investors entertained on turnaround Tuesday.

Gold: Is the bullish run over?

Gold adds to Friday’s marked decline, although it has managed to bounce off earlier lows in the sub-$4,400 region per troy ounce on Monday. The yellow metal’s pullback comes despite the softer stance in the US Dollar and steady uncertainty in the Middle East, although rising yields keep bulls at bay for now.

Bitcoin and Gold Outlook: BTC clings to support, XAU slides as US-Iran tensions re-escalate

Bitcoin (BTC) maintains stability above $78,000 support on Monday as crypto prices broadly consolidate. Gold (XAU/USD), meanwhile, holds above $4,400, marking two consecutive days of declines. Sentiment in the broader cryptocurrency market remains broadly positive, with the Fear & Greed Index holding at 62 on Monday, down slightly from 69 the previous day.

Oil rallies on fresh persian gulf strikes

Energy prices are trading firmer this morning after the US carried out targeted strikes against Iran, drawing retaliatory strikes and reinforcing concerns about a prolonged stalemate in the Persian Gulf. Oil prices started the week stronger following the first military strikes between the US and Iran in a month. ICE Brent briefly moved back above US$90/bbl in early morning Asia trading.

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.