Pound Sterling Price News and Forecast: GBP/USD poised to test July low at 1.3571


GBP/JPY bears on the prowell and testing weekly support

GBP/JPY bears in town and eye lower lows ahead. The cross is on the brink of breaking below critical weekly support. GBP has collapsed in classic risk-off fashion with the US dollar rallying to fresh cycle highs in the pursuit of blue skies on the DXY chart. At the time of writing, cable is trading 1.3640 and down close to 1% while the GBP/JPY cross is lower by the same percentage with USD/JPY flat on the day. Read more...

GBP/USD

Overview
Today last price 1.3636
Today Daily Change -0.0119
Today Daily Change % -0.87
Today daily open 1.3755
 
Trends
Daily SMA20 1.3852
Daily SMA50 1.3866
Daily SMA100 1.3928
Daily SMA200 1.3787
 
Levels
Previous Daily High 1.3786
Previous Daily Low 1.3731
Previous Weekly High 1.3894
Previous Weekly Low 1.3791
Previous Monthly High 1.3984
Previous Monthly Low 1.3572
Daily Fibonacci 38.2% 1.3765
Daily Fibonacci 61.8% 1.3752
Daily Pivot Point S1 1.3728
Daily Pivot Point S2 1.3702
Daily Pivot Point S3 1.3673
Daily Pivot Point R1 1.3784
Daily Pivot Point R2 1.3813
Daily Pivot Point R3 1.3839

 

GBP/USD Forecast: Poised to test July low at 1.3571

The British Pound was among the worst performers against the greenback, with GBP/USD falling to 1.3639, its lowest for this August, holding nearby ahead of the Asian opening. The pound came under renewed selling pressure amid a dismal market’s mood pushing investors into safer bets. The UK macroeconomic calendar was empty, which made it easier to sell the sterling. Read more...

GBP/USD Forecast: Sterling suffers, and a dollar breather may fail to lift it

GBP/USD has tumbled to around 1.37 following the Fed's meeting minutes. Rising UK covid cases could hamper a recovery attempt. Thursday's four-hour chart is pointing to further pain for the pound. Blame it on Biden or on Boris? The chaos in Kabul has prompted a lively debate in the British parliament that will likely continue for long days. In currency markets, the most recent downfall of GBP/USD can be easily attributed to America's central bank – but it would be hard for the pound to recover. Read more...

Share: Feed news

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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

EUR/USD clings to small gains above 1.0300 ahead of Powell testimony

EUR/USD clings to small gains above 1.0300 ahead of Powell testimony

EUR/USD clings to small daily gains above 1.0300 on Tuesday, following the bearish action seen earlier in the day. The pair struggles to gather momentum as investors remain on edge while waiting for new details on US President Trump's reciprocal tariff plan and Fed Chairman Powell's testimony. 

EUR/USD News
GBP/USD reclaims 1.2400 and above ahead of Powell

GBP/USD reclaims 1.2400 and above ahead of Powell

GBP/USD's upside momentum now picks up extra steam and surpasses the key barrier of 1.2400 the figure while investors warm up for Fed Chairman Powell's testimony before Congress.

GBP/USD News
Gold meets support near $2,880, looks at Powell

Gold meets support near $2,880, looks at Powell

The precious metal comes under pressure and revisits the area of daily lows near $2,880 per ounce troy amid the corrective move in the US Dollar and persistent tariff-led safe haven demand, all ahead of Chief Powell's testimony.

Gold News
Jerome Powell Speech Preview: Fed chair to address Congress as markets seek for insight on monetary policy

Jerome Powell Speech Preview: Fed chair to address Congress as markets seek for insight on monetary policy

Jerome Powell, Chairman of the United States (US) Federal Reserve (Fed), will deliver the Semi-Annual Monetary Policy Report and testify before the Senate Banking Committee on Tuesday.

Read more
Tariffs, what tariffs? Markets waver, as Trump’s tariff threats fail to dent market sentiment

Tariffs, what tariffs? Markets waver, as Trump’s tariff threats fail to dent market sentiment

Global stock markets brushed off tariff fears on Monday, however, as 25% levies on imports of steel and aluminum came into force late Monday night, which included steel and aluminum finished products, futures markets started to decline, and the S&P 500 along with the Eurostoxx 50 index are expected to open lower today as a tone of caution impacts financial markets.

Read more
The Best Brokers of the Year

The Best Brokers of the Year

SPONSORED Explore top-quality choices worldwide and locally. Compare key features like spreads, leverage, and platforms. Find the right broker for your needs, whether trading CFDs, Forex pairs like EUR/USD, or commodities like Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures

Best Brokers of 2025