Pound Sterling Price News and Forecast: GBP/USD volatility at lowest since March [Video]


GBP/USD eases below 33-month peak; broader outlook is bullish [Video]

GBPUSD is retreating somewhat after the pullback off the 33-month high of 1.3745 in the preceding week. Currently, the pair is flirting with the 20-day simple moving average, remaining well above the long-term uptrend line, which has been holding since May 2020. Read more...

 

GBP/USD volatility at lowest since March

Sterling volatility hovers at multi-month lows despite fears of new coronavirus strain in the UK and lockdown restrictions. One-month GBP/USD volatility is seen at 7.465%, having hit a low of 7.225% on Jan. 22, according to data source Reuters. 

Prime Minister Boris Johnson warned on Friday that the new UK COVID-19 variant might be associated with a higher level of mortality. Further, the British government has extended lockdown laws to give councils the power to close pubs, restaurants, shops, and public spaces until July 17. Read more...

GBP/USD

Overview
Today last price 1.3652
Today Daily Change -0.0018
Today Daily Change % -0.13
Today daily open 1.367
 
Trends
Daily SMA20 1.3622
Daily SMA50 1.3482
Daily SMA100 1.3226
Daily SMA200 1.2949
 
Levels
Previous Daily High 1.3724
Previous Daily Low 1.3649
Previous Weekly High 1.3746
Previous Weekly Low 1.352
Previous Monthly High 1.3686
Previous Monthly Low 1.3134
Daily Fibonacci 38.2% 1.3677
Daily Fibonacci 61.8% 1.3695
Daily Pivot Point S1 1.3638
Daily Pivot Point S2 1.3606
Daily Pivot Point S3 1.3563
Daily Pivot Point R1 1.3712
Daily Pivot Point R2 1.3755
Daily Pivot Point R3 1.3787

 

GBP/USD Forecast: Bulls are ready to take back control as Britain gets a pay rise

Coronavirus crisis? Not in Britain's labor market, which has shown resilience once again and may help sterling recover – at least while US stimulus talks continue.

The UK's Unemployment Rate has edged up to 5% in November, below 5.1% expected and a low level also in absolute terms. The bigger surprise came from Average Earnings, which accelerated to an annual increase of 3.6% both when including and excluding bonuses. The more recent Claimant Count Change rose by 7,000, also exceeding estimates. Read more...

GBPUSD

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.

Feed news

Latest Forex News


Latest Forex News

Editors’ Picks

AUD/USD breaks through critical 0.8000 level, fresh three-year highs

AUD/USD rides the reflation wave higher. The aussie reaches the highest since February 2018. Surge in commodities complex underpins the AUD.

AUD/USD News

EUR/USD hits six-week high amid risk-on mood

EUR/USD has risen above 1.22, hitting the highest since mid-January. The US Fed's commitment to easing has boosted the market mood and the safe-haven dollar is down despite higher US yields. A big bulk of US data including GDP awaits traders.

EUR/USD News

Dogecoin on the verge of a 75% lift-off

Dogecoin price has been lull ever since the local top on February 7. However, a 20% surge due to Elon Musk’s recent endorsement has led to a breakout from a bull flag pattern. Now, the meme coin could surge 75% to record levels soon. 

Read more

Gamestop (GME) Stock Price and Forecast: Soars 273% as “diamond hands” trigger meme stock comeback

NYSE: GME is trading at around $168 in Thursday's premarket trade, up 273% from Wednesday's early trading price. The departure of the CFO served as the trigger to the fresh buying frenzy. Retail traders that have held onto shares seem to be behind the surge. 

Read more

US Dollar Index looks depressed near 90.00 ahead of data

The US Dollar Index (DXY), which tracks the greenback vs. a bundle of its main rivals, remains under heavy pressure around the key 90.00 neighbourhood in the second half of the week.

US Dollar Index News

Forex MAJORS

Cryptocurrencies

Signatures