fxs_header_sponsor_anchor

Pound Sterling Price News and Forecast: GBP/USD well-positioned to fight back against King Dollar [Video]

GBP/USD technical analysis: Waits for a channel breakout [Video]

GBPUSD extended its recovery from a 5 ½-month low of 1.3570 marginally above the 1.3800 level and the 20-day simple moving average (SMA) on Monday but another obstacle has emerged. The price is currently battling the surface of a descending channel and the 38.2% Fibonacci retracement of the latest downfall at 1.3829. Read more...

 

GBP/USD Forecast: Pound well-positioned to fight back against King Dollar

Can cable bulls hold on? GBP/USD has been sliding from the highs as the US dollar gains ground amid safe-haven flows. Sterling can fight back better than others.

The latest upside trigger for the greenback – and downside for stocks – comes from China. Authorities in the world's second-largest economy have extended their crackdown on technological companies, focusing on education firms in recent days. Worries that innovation and global growth are hampered have weighed on sentiment. Read more...

GBP/USD Analysis: Bulls look to seize control amid falling COVID cases in UK

The GBP/USD pair gained strong positive traction on Monday and built on last week's solid rebound from the lowest level since early February. The momentum pushed the pair to over one week tops, beyond the 1.3800 mark and was sponsored by a combination of factors. In the absence of any fresh Brexit-related headlines, the British pound turned out to be one of the top-performing currencies and was supported by the declining trend in Delta variant infections in the UK. In fact, Britain recorded 24,950 new cases on Monday, down for the sixth successive day and well below the 54,674 reached on July 17. 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.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.