Pound Sterling Price News and Forecast: GBP/USD seesaws around monthly high

FXStreet Team FXStreet

GBP/USD hovers around 1.3400 as Brexit, Omicron fears battle thin liquidity

GBP/USD takes rounds to 1.3400 during an inactive Asian session on Monday. The cable pair snapped a three-day uptrend near the monthly high the previous day as fears over South Africa-linked covid variant and Brexit escalate. However, an offer in the UK and holiday mood elsewhere in the west restricts the market’s moves of late.

GBP/USD

Overview
Today last price	1.3398
Today Daily Change	-0.0016
Today Daily Change %	-0.12
Today daily open	1.3414

Trends
Daily SMA20	1.3277
Daily SMA50	1.345
Daily SMA100	1.3585
Daily SMA200	1.3754

Levels
Previous Daily High	1.3421
Previous Daily Low	1.3384
Previous Weekly High	1.3438
Previous Weekly Low	1.3174
Previous Monthly High	1.3698
Previous Monthly Low	1.3194
Daily Fibonacci 38.2%	1.3398
Daily Fibonacci 61.8%	1.3407
Daily Pivot Point S1	1.3392
Daily Pivot Point S2	1.3369
Daily Pivot Point S3	1.3354
Daily Pivot Point R1	1.3429
Daily Pivot Point R2	1.3444
Daily Pivot Point R3	1.3467

Pound jumps as Omicron risk dismissed

It has been a very good week for the British pound, which is up 1.29%. So good, in fact, that this will likely mark the pound’s best week of 2021. On Thursday, GBP/USD punched above the 1.34 line for the first time in a month.

EUR/USD weakens toward 1.1600 as firm US data revives the US Dollar

The EUR/USD edged lower on Thursday, down some 0.21% as market sentiment remains risk averse due to the ongoing conflict in the Middle East. This and solid US economic data pushed the pair lower towards the 1.1600 figure ahead of Friday’s session.

GBP/USD drifts lower heading into NFP range

GBP/USD edged lower by 0.2% on Thursday, settling close to 1.3350 in a strained trading session that kept the pair pinned near three-month lows. Price briefly recovered earlier in the day on reports that Iran had indirectly signaled openness to talks with the CIA, but the bounce faded as Israeli officials reportedly advised Washington to disregard the overture.

Gold slumps below $5,100 as US Dollar gains

Gold price tumbles to near $5,085 during the early Asian session on Friday. The precious metal loses ground amid a stronger US Dollar. The US employment report for February will take center stage later on Friday.

NYSE parent Intercontinental Exchange partners with OKX, invests at a $25B valuation

OKX announced an investment from Intercontinental Exchange, raising its valuation to $25 billion, alongside a partnership to expand regulated crypto futures and tokenized equity offerings globally.

Two PMIs, two Chinas

China’s economic data are often treated with a degree of caution by global investors. The challenge is not necessarily that the numbers are incorrect, but that they can describe very different parts of a vast and complex economy. Nowhere is that more evident than in China’s PMIs.

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.