Pound Sterling Price News and Forecast: GBP/USD rises to four-week high

FXStreet Team FXStreet

GBP/USD rises to four-week high, anticipates BoE and Fed policy divergence

GBP/USD climbed to a new four-week high at 1.2590 on Friday. However, it dipped toward the 1.2570s area after a softer-than-estimated Canadian jobs report cemented the case for a Federal Reserve skip in the upcoming monetary policy meeting. The GBP/USD is trading at 1.2576, up 0.14%, set to finish the week with gains of more than 1%. Read More...

GBP/USD: Further gains remain on the cards

GBP/USD is expected to edge further up in the short-term horizon, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More...

GBP/USD resumes upside journey towards 1.2600 as hawkish Fed bets falter

The GBP/USD pair has resumed its upside journey towards the round-level resistance of 1.2600 after a small intervention around 1.2560 in the early London session. Sheer strength in the Cable has been built due to a significant decline in the US Dollar Index (DXY). Read More...

GBP/USD

Overview
Today last price	1.2575
Today Daily Change	0.0015
Today Daily Change %	0.12
Today daily open	1.256

Trends
Daily SMA20	1.2437
Daily SMA50	1.2464
Daily SMA100	1.2307
Daily SMA200	1.2011

Levels
Previous Daily High	1.2561
Previous Daily Low	1.2433
Previous Weekly High	1.2545
Previous Weekly Low	1.2327
Previous Monthly High	1.268
Previous Monthly Low	1.2308
Daily Fibonacci 38.2%	1.2512
Daily Fibonacci 61.8%	1.2482
Daily Pivot Point S1	1.2475
Daily Pivot Point S2	1.239
Daily Pivot Point S3	1.2347
Daily Pivot Point R1	1.2603
Daily Pivot Point R2	1.2646
Daily Pivot Point R3	1.2731

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, closes in on $5,400

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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.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

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