Pound Sterling Price News and Forecast: GBP/USD struggles to extend week-start rebound

FXStreet Team FXStreet

GBP/USD hovers around 1.3250 as bulls doubt Brexit, BOE positives

GBP/USD treads water around 1.3255-60 during the early Asian session on Tuesday, following a positive daily performance. The cable pair fades the recovery strength as sluggish market sentiment and a lack of major catalysts challenge the buyers’ previous optimism surrounding Brexit and the Bank of England’s (BOE) next move.

GBP/USD

Overview
Today last price	1.3262
Today Daily Change	0.0006
Today Daily Change %	0.05
Today daily open	1.3256

Trends
Daily SMA20	1.3373
Daily SMA50	1.3539
Daily SMA100	1.3664
Daily SMA200	1.3798

Levels
Previous Daily High	1.3287
Previous Daily Low	1.322
Previous Weekly High	1.3371
Previous Weekly Low	1.3194
Previous Monthly High	1.3698
Previous Monthly Low	1.3194
Daily Fibonacci 38.2%	1.3261
Daily Fibonacci 61.8%	1.3246
Daily Pivot Point S1	1.3222
Daily Pivot Point S2	1.3188
Daily Pivot Point S3	1.3156
Daily Pivot Point R1	1.3288
Daily Pivot Point R2	1.332
Daily Pivot Point R3	1.3354

Trading short GBP/USD, Omicron threat to NZD and AUD, DJI recovering [Video]

Despite a bad headline Non-Farm Payroll report last week, the actual details we much better than predicted with an Unemployment Rate of 4.2% and a very good US Services PMI number so the USD is getting stronger. This good news means that the US Federal Reserve can look again at tapering and raising Interest Rates earlier which makes USD stronger.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.