Pound Sterling Price News and Forecast: GBP/USD retreats below 1.3100 amid underwhelming US data

FXStreet Team FXStreet

GBP/USD retreats below 1.3100 amid underwhelming US data, looming UK inflation report

GBP/USD struggles at 1.3100 and retreats as the United States (US) economy continued to show signs of weakening, suggested by not-so-good economic data revealed on early Tuesday. In addition, the United Kingdom (UK) inflation report, just around the corner, is set to keep the GBP/USD pair within familiar levels. At the time of writing, the GBP/USD is trading at 1.3055, down 0.13%. Read More...

Pound Sterling remains under pressure as investors turn anxious ahead of key inflation data

The Pound Sterling (GBP) has fallen back below the round-level resistance of 1.3100 as uncertainty ahead of the United Kingdom’s inflation data has increased again. The GBP/USD pair struggles in finding a key trigger and has been oscillating near 1.3100. The current volatility squeeze is expected to be followed by an explosion once inflation data is published on Wednesday. UK producer prices have recently eased, as did household demand for big-ticket items, but inflation for consumers has proven to be more persistent than initially expected. Read More...

GBP/USD faces the next key target at 1.3335 – UOB

In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, further gains in GBP/USD are expected to challenge the 1.3335 level. Read More...

GBP/USD

Overview
Today last price	1.3045
Today Daily Change	-0.0028
Today Daily Change %	-0.21
Today daily open	1.3073

Trends
Daily SMA20	1.2809
Daily SMA50	1.2629
Daily SMA100	1.2471
Daily SMA200	1.2211

Levels
Previous Daily High	1.3109
Previous Daily Low	1.3051
Previous Weekly High	1.3142
Previous Weekly Low	1.275
Previous Monthly High	1.2848
Previous Monthly Low	1.2369
Daily Fibonacci 38.2%	1.3073
Daily Fibonacci 61.8%	1.3087
Daily Pivot Point S1	1.3046
Daily Pivot Point S2	1.302
Daily Pivot Point S3	1.2988
Daily Pivot Point R1	1.3105
Daily Pivot Point R2	1.3136
Daily Pivot Point R3	1.3163

Author

FXStreet Team

FXStreet

EUR/USD slumps below 1.1750 as USD benefits from risk-aversion

EUR/USD comes under renewed bearish pressure in the European session and trades below 1.1750 following a recovery attempt earlier in the day. The US Dollar gathers strength and weighs on the pair as investors seek refuge in the wake of Israel and the United States' joint attack on Iran.

GBP/USD targets 1.3500 barrier near moving averages

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

Gold surges on safe-haven demand, rises above $5,400

Gold benefits from intense risk-aversion on Monday and climbs above $5,400, setting a fresh monthly-high in the process. Tensions in the Middle East remain high as Israel and Hezbollah continue to exchange strikes following the US-Israel joint attack on Iran over the weekend.

Bitcoin, Ethereum and Ripple under pressure as key supports face breakdown risk

Bitcoin, Ethereum, and Ripple prices trade on the back foot at the start of this week on Monday, after extending losses in the previous week. BTC is on the brink of a breakdown, ETH is capped below key resistance, and XRP risks a crack of the trendline.

The market is paying for insurance, not apocalypse

As expected, this morning felt less like a Monday market open and more like a fire drill. Futures screens flickered red. S&P contracts down almost 1%. Nasdaq off 1.2%. Brent leaped 13% through $80. Gold rose 1.6% toward $5350 before paring some gains. The dollar is strutting mildly. The Swiss franc is quietly doing what it always does in a storm, catching some safe-haven flows.

Pi Network Price Forecast: Core team offloads supply, weighing on PI recovery

Pi Network hovers below $0.1700, broadly steady at press time on Monday, attempting a recovery after a 2% loss the previous day. Sunday’s decline aligned with nearly 49 million PI tokens offloaded by the Pi Foundation, implying a spike in supply pressure that capped the prevailing four-day recovery.