Pound Sterling Price News and Forecast: GBP/USD under pressure amid coronavirus-related concerns

FXStreet Team FXStreet

GBP/USD Forecast: Sell opportunity? Brexit is back, and not in a good way

GBP/USD has bounced after the BOE's Haldane called on removing stimulus. Brexit and also reopening and inflation worries could push the pound back down. Wednesday's four-hour chart is painting a mixed picture. We could start tightening the tap on QE – Andy Haldane, Chief Economist at the Bank of England, has single-handedly knocked sterling from its sleep and has sent it higher. He has also said that the UK economy is going "gangbusters" and that he is already seeing price pressures. Read more...

GBP/USD Forecast: Under pressure amid coronavirus-related concerns

The GBP/USD pair neared the 1.4200 figure but took a turn to the worse during the American session, now trading a few pips above the 1.4100 level, with the decline exacerbated by coronavirus-related concerns. UK epidemiologist Neil Ferguson said that the UK could see a third wave comparable to the second one in terms of hospitalizations, if not deaths. Read more...

GBP/USD turns south following latest Brexit headlines, drops toward 1.4130

UK and EU struggle to find a solution on N. Ireland Protocol. GBP loses strength against its rivals in the second half of the day. Broad-based USD weakness limits GBP/USD's downside for the time being. The GBP/USD pair came under renewed bearish pressure during the American trading hours on Wednesday with the latest Brexit headlines weighing on the British pound. As of writing, the pair was losing 0.16% on a daily basis at 1.4133. Read more...

GBP/USD

Overview
Today last price	1.4113
Today Daily Change	-0.0043
Today Daily Change %	-0.30
Today daily open	1.4156

Trends
Daily SMA20	1.4147
Daily SMA50	1.3982
Daily SMA100	1.3911
Daily SMA200	1.356

Levels
Previous Daily High	1.4185
Previous Daily Low	1.4121
Previous Weekly High	1.4249
Previous Weekly Low	1.4083
Previous Monthly High	1.4234
Previous Monthly Low	1.3801
Daily Fibonacci 38.2%	1.4145
Daily Fibonacci 61.8%	1.416
Daily Pivot Point S1	1.4123
Daily Pivot Point S2	1.409
Daily Pivot Point S3	1.4059
Daily Pivot Point R1	1.4186
Daily Pivot Point R2	1.4217
Daily Pivot Point R3	1.425

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.

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