Pound Sterling Price News and Forecast: March high of 1.3200 lures the GBP bulls

GBP/USD prints fresh highs, bulls seeking a break towards 1.33 in near future

After piercing post-Brexit support at 1.20 to a low of 1.15, GBP/USD has re-entered the 1.20-1.33 trading range.

GBP/USD is currently trading at fresh highs in the 1.30's as the market beats down the greenback a little more despite yesterday's relief rally following the Federal Reserve announcements.

GBP/USD is testing the 1.3080s, higher by 0.65% on the session so far having rallied from a 1.2944 low. 

Broad USD weakness, weighed by concerns over fiscal commitment and monetary policy space in the US, has benefitted GBP for the 10th day straight.

Read more ....

GBP/USD Price Analysis: March high of 1.3200 lures the bulls

GBP/USD takes the bids near 1.3100 during the early Friday morning in Asia. The Cable crossed a downward sloping trend line from December 31, 2019, the previous day. The same gains support from bullish MACD to challenge the March month’s top.

Although 1.3200 is teasing the bulls, multiple upside barriers, comprising highs marked since 2019-end, could challenge the pair’s further upside below 1.3215.

Read more ...


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 flirts with highs near 0.7370 on RBA's status-quo

AUD/USD extends gains, flirting with daily highs near 0.7370 on RBA's status-quo. The aussie cheers the Chinese Caixin Manufacturing PMI upside surprise and vaccine optimism. Fed Chair Powell expresses caution over the economic recovery, downs the US dollar.  


EUR/USD jumps back above 1.1950 amid upbeat market mood

The bid tone around the euro strengthened on Tuesday, pushing EUR/USD higher above 1.1950, as stock markets gained, weakening safe-havens such as the greenback. Coronavirus vaccine optimism and buoyant equity markets weigh over the dollar. Fed's Powell says the US economy remains in a damaged state.


Gold braces for a bumpy road to recovery above $1775

Gold (XAU/USD) is making another recovery attempt from five-month lows of $1765 as the US dollar dips on improved market mood amid coronavirus vaccine and US stimulus hopes.

Gold news

Dollar falls to 2.5 year low, 6 things to watch

The US dollar index plummeted to a 2.5 year low on Monday as investors worry about rising virus cases, fresh lockdowns, holiday spending and the Federal Reserve. With US virus cases topping 4 million in Nov, in-store Black Friday sales fell 52%. 

Read more

Black Friday 2020 Discounts!

Learn to trade with the best! Don't miss the most experienced traders and speakers in FXStreet Premium webinars. Also if you are a Premium member you can get real-time FXS Signals and receive daily market analysis with the best forex insights!

More info