Pound Sterling Price News and Forecast GBP/USD: Reopening optimism keeps supporting the pound

FXStreet Team FXStreet

GBP/USD: Bank of England’s expectations to put a floor under cable – CIBC

The GBP/USD pair will trade at 1.39 during the third quarter and also at 1.39 by the first quarter of 2022 according to the forecast of analysts at CIBC. They point out the market will be forced to consider earlier than expected action from the Bank of England, supporting the GBP/USD. Read more...

GBP/USD

Overview
Today last price	1.3882
Today Daily Change	-0.0019
Today Daily Change %	-0.14
Today daily open	1.3901

Trends
Daily SMA20	1.3892
Daily SMA50	1.402
Daily SMA100	1.3946
Daily SMA200	1.3673

Levels
Previous Daily High	1.3908
Previous Daily Low	1.3756
Previous Weekly High	1.3908
Previous Weekly Low	1.3742
Previous Monthly High	1.4249
Previous Monthly Low	1.3787
Daily Fibonacci 38.2%	1.385
Daily Fibonacci 61.8%	1.3814
Daily Pivot Point S1	1.3802
Daily Pivot Point S2	1.3702
Daily Pivot Point S3	1.3649
Daily Pivot Point R1	1.3954
Daily Pivot Point R2	1.4008
Daily Pivot Point R3	1.4107

GBP/USD Forecast: Reopening optimism keeps supporting the pound

The GBP/USD pair swung alongside the market’s mood, ending the day with modest losses at around 1.3880. The pair recovered during US trading hours amid the better performance of Wall Street, although the Pound was also supported by comments from Sajid Javid. The British Health Minister confirmed that the country is on track to beat its vaccination target and that they will move to the next stage of the road map to “normal.” Meanwhile, the UK keeps reporting over 30,000 new coronavirus cases per day. Read more...

GBP/USD Forecast: Football not coming home, restrictions not going so fast, sterling could suffer

Football is not coming home, it is going to Rome – England's dreams of winning the Euro 2020 football tournament have been shattered after an exhausting final in which Italy won. British traders have woken up tired, but forex never sleeps and sterling is on the move – to the downside. Read more...

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FXStreet Team

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