Pound Sterling Price News and Forecast: GBP/USD trades virtually unchanged

FXStreet Team FXStreet

GBP/USD remains defensive near 1.3650 amid steady USD, Fed eyed

GBP/USD remains muted on Wednesday morning following the previous day’s sluggish momentum. The pair confides in a very narrow trade band with no meaningful traction. Supply-chain bottlenecks, higher gas prices limited gains for sterling.

GBP/USD

Overview
Today last price	1.3655
Today Daily Change	-0.0006
Today Daily Change %	-0.04
Today daily open	1.3661

Trends
Daily SMA20	1.3781
Daily SMA50	1.3797
Daily SMA100	1.3908
Daily SMA200	1.384

Levels
Previous Daily High	1.3693
Previous Daily Low	1.3641
Previous Weekly High	1.3913
Previous Weekly Low	1.3728
Previous Monthly High	1.3958
Previous Monthly Low	1.3602
Daily Fibonacci 38.2%	1.3673
Daily Fibonacci 61.8%	1.3661
Daily Pivot Point S1	1.3637
Daily Pivot Point S2	1.3613
Daily Pivot Point S3	1.3585
Daily Pivot Point R1	1.3689
Daily Pivot Point R2	1.3717
Daily Pivot Point R3	1.3741

GBP/USD Forecast: Recovery could end in a screeching halt on a trio of central bank uncertainties

Cable has failed to recapture the broken support line – and that already implies it is set to continue falling. The 1.3730 level provided support twice in recent months and the decisive 90-pip plunge indicates recapturing it will be a struggle.

AUD/USD sticks to neutral bias above 0.7100 amid cautious markets

AUD/USD holds steady above 0.7100 in the Asian session on Monday as the US Dollar stalls its modest pullback from the highest level since late July amid persistent geopolitical uncertainties. The PBOC status quo on Loan Prime Rates also weighs on the Aussie. However, bets on another RBA rate hike continue to underpin the Australian Dollar ahead of the Trump-Xi Summit.

USD/JPY eases below 157.00 amid looming intervention risks

USD/JPY is easing back below 157.00 in Asia on Monday, undermined by modest Japanese Yen strength amid looming intervention risks after Friday's BoJ rate check. A Japanese holiday also keeps traders on edge amid escalating geopolitical tensions between Russia and Ukraine and in the Middle East. As a result, the US Dollar pauses its pullback, limiting the pair's downside.

Gold starts week on the back foot as US Dollar holds firm, Oil decline limits losses

Gold (XAU/USD) starts the week on a bearish note, snapping a two-day winning streak as expectations of additional Federal Reserve (Fed) rate hikes and a firmer US Dollar (USD) limit the upside.

Bitcoin hits $85,000 for the first time in eight months

Bitcoin price reclaims $85,000 on Monday, advancing last week’s 5% recovery toward an eight-month high. The recovery in King Crypto aligns with renewed institutional demand, with Exchange Traded Funds (ETFs) recording $433 million in inflows on Friday.

The week ahead: Fuel prices in focus as we lead up to key eco releases

Financial markets are in a strange position as we move to the final weeks of Q3, uncertainty and volatility continue to grip markets, but the oil price is falling; and European and US stocks are poised to open higher later on Monday. Market stresses are concentrated in sovereign bonds, and European and US yields had another scare late on Friday, and moved higher.

BoJ Recap: Not as hawkish as expected

The Bank of Japan (BoJ) raised its short-term interest-rate target to 1.25% from 1.00% in a 7-2 vote, marking another step in the normalisation of monetary policy and widely matching what everyone has been expecting for weeks.