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

FXStreet Team FXStreet

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...

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FXStreet Team

FXStreet

EUR/USD remains heavy near 1.1600 after hot EU inflation data

EUR/USD remains heavily offered near 1.1600, six-week lows, in the European session on Tuesday. The pair fails to find any inspiration from a surprise pick up in Eurozone inflation for February, as the US Dollar continues to attract safe haven flows amid escalating geopolitical tensions in the Middle East.

GBP/USD attacks 1.3300, refreshing three-month lows

GBP/USD is deep in the red near 1.3300, accelerating its downside to renew three-month lows in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar capitalizes on increased haven demand.

Gold falls below $5,300 as stronger USD counter Middle East woes

Gold attracts some intraday selling and falls below $5,300 on Tuesday. The US Dollar climbs to a fresh high since January 20 and turns out to be a key factor exerting downward pressure on the commodity. However, concerns about a broader regional conflict in the Middle East continue to weigh on investors' sentiment and underpin demand for the traditional safe-haven bullion.

Stellar risks deeper losses as derivatives metrics turn negative

Stellar is trading red below $0.16 at the time of writing on Tuesday, after a slight recovery the previous day. Weakening derivatives data caps the recovery, while an unfavorable technical outlook projects a deeper correction for the XLM token in the upcoming days.

Middle East conflict ramps up a gear as energy price spike rips through markets

It’s another risk off day as geopolitical headwinds continue to batter financial markets. Although markets calmed during the US session and US stocks managed to post gains on Monday, this has not fed through to the European session, and stocks and bonds are sharply lower for a second day.

Hyperliquid Price Forecast: HYPE rises on commodities demand amid US-Iran war

Hyperliquid (HYPE) steadies above $33 at press time on Tuesday, marking its fourth consecutive day of recovery in a broadly volatile market due to the ongoing US-Israel strikes on Iran.