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.

GBP/USD slides below 1.3250 after failing to break through 23.6% Fibo

The GBP/USD pair meets with a fresh supply during the Asian session on Wednesday and moves away from a nearly two-week high around the 1.3275 region, touched the previous day. Spot prices currently trade around the 1.3235 zone, down 0.20% for the day, as traders look to speeches from Bank of England Governor Andrew Bailey and Federal Reserve Chair Kevin Warsh for a fresh impetus.

EUR/USD nudges higher above 1.1350 on softer Fed stance, traders await US jobs data

The EUR/USD pair posts modest gains near 1.1380 during the early Asian session on Thursday. The US Dollar edges lower against the Euro on less hawkish remarks from Federal Reserve Chairman Kevin Warsh. Traders will closely monitor the US jobs data for June later on Thursday.

Gold holds rebound near $4,050, with all eyes on US NFP

Gold holds the rebound near $4,050 in Thursday's Asian trading, following the previous day's volatile two-way price swings. Traders now look to the crucial US NFP report for fresh impetus. In the meantime, the US Dollar retreats on profit-taking and Mideast optimism, underpinning the Gold price recovery.

Ethereum Institutional launches to boost onchain adoption for TradFi

Ethereum received another advocate on Wednesday following the launch of Ethereum Institutional, an independent non-profit that centers on advancing the institutional adoption of the Ethereum ecosystem — applications, L2s, tools and resources.

A preview of NFP

The number is of much greater importance than usual as the Fed moves away from a forecasting framework and towards a current-data/rebuilding-credibility framework. While I have been pooh-poohing Warsh’s hawkish opener, I am also open to the idea that if he is serious about rebuilding credibility, he can find enough hawkish votes, and if June NFP is another hot one—July FOMC could be in play.

Just like Fed, is BoJ’s independence under threat?

When talking about central bank independence, most of the focus has been on Donald Trump’s pressure on the Federal Reserve. But a similar story, a quieter one for now, seems to be happening on the other side of the Pacific: Japan’s government may be testing the Bank of Japan’s independence.