(VIANEWS) – GBP/USD is still at the 1.3840 level in the first Asian session.

FXStreet reported that while Brexit headlines are weighing on GBP/USD, however, pair sellers wait for monthly data about employment

(VIANEWS) – GBP/USD is still at the 1.3840 level in the first Asian session.

FXStreet reported that while Brexit headlines are weighing on GBP/USD, however, pair sellers wait for monthly data about employment in the UK to give them a boost.

Market sentiment is being influenced by the recent high number of virus-related infections as well as the fear that more strains could threaten the economy’s recovery after the pandemic. The latest UK count shows that there were more than twenty-eight thousand COVID deaths and 26 additional coronavirus-related deaths against the almost twenty-seven thousand the day before.

Anyway, a cheaper Pound may suggest the notion of exports from the UK being cheaper. That might also help to believe the market will rise.

GBP/USD (GBPUSD) is currently on bearish momentum. At 05:06 EST on Thursday, 19 August, GBP/USD (GBPUSD) is at 1.3668, 0.5768% down since the last session’s close.

GBP/USD (GBPUSD) Range

Concerning GBP/USD’s daily highs and lows, it’s 0.575% down from its trailing 24 hours low of $1.37 and 0.661% down from its trailing 24 hours high of $1.38.

GBP/USD’s yearly highs and lows, it’s 7.792% up from its 52-week low and 4.064% down from its 52-week high.

Volatility

GBP/USD’s last week, last month’s, and last quarter’s current volatility was a positive 0.34%, a negative 0.10%, and a positive 0.47%, respectively.

GBP/USD’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 0.39% (last week), 0.43% (last month), and 0.47% (last quarter), respectively.

Forex Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GBP/USD’s Forex is considered to be overbought (>=80).

Last news about GBP/USD (GBPUSD)

Gbp/usd price analysis: remains capped near 1.3875-80 support-turned-resistance. According to FXStreet on Monday, 16 August, “Some follow-through selling might then drag the GBP/USD pair towards the 1.3730-25 support zone.”, “However, the declining trend of new COVID-19 cases in the UK, along with the end of pandemic-related restrictions and the BoE’s hints about modest tightening acted as a tailwind for the sterling and helped limit the downside for the GBP/USD pair.”

Gbp/usd clings to gains above mid-1.3700s, focus remains on FOMC minutes. According to FXStreet on Wednesday, 18 August, “Market participants will look for clues on when the Fed will begin tapering its asset purchases, which will influence the near-term USD price dynamics and provide a fresh directional impetus to the GBP/USD pair.”, “The GBP/USD pair edged higher through the mid-European session and climbed to fresh daily tops, around the 1.3765-70 region in the last hour.”

Pound sterling price news and forecast: gbp/usd flirts with three-week lows, around 1.3785-80 area. According to FXStreet on Tuesday, 17 August, “The GBP/USD pair extended the previous day’s pullback from the 1.3875-80 resistance zone and witnessed some selling for the second consecutive day. “, “The GBP/USD pair remained depressed below the 1.3800 mark, or multi-week lows and failed to gain any respite from disappointing US macro data.”

Pound sterling price news and forecast: gbp/usd bounces off lows. According to FXStreet on Monday, 16 August, “The chart is showing that GBP/USD has set to lower highs, exposing the currency pair’s weakness – and for good reasons.”, “The GBP/USD pair reversed an early European session dip to the 1.3840-35 region and quickly recovered around 25-30 pips in the last hour. “

Pound sterling price news and forecast gbp/usd: market participants waiting for UK employment figures. According to FXStreet on Monday, 16 August, “The GBP/USD pair bottomed for the day at 1.3827, recovering some ground in the American afternoon to end the day at around 1.3854. “, “The chart is showing that GBP/USD has set to lower highs, exposing the currency pair’s weakness – and for good reasons. “

News about EUR/USD

Eur/usd to nosedive to 1.12 in 2022 on stark fed/ecb contrast – socgen. According to FXStreet on Monday, 16 August, “FX analysts at Société Générale have updated their euro forecast from 1.22 to 1.19 in 2021 and from 1.26 to 1.12 in 2022, pointing to much weaker EUR/USD than previously anticipated.”, “To justify EUR/USD trading down to 1.12 (our 3Q22 forecast), the yield differential needs to widen by over 100bp. “

Eur/usd to move back to the lower half of the 1.17/1.18 range – ING. According to FXStreet on Monday, 16 August, “We doubt that the jump in EUR/USD on Friday to the 1.1800 level was the start of a more extended rally.”, “We are inclined to think EUR/USD risks remain skewed to the downside this week, and we could see the pair moving back to the lower half of the 1.1700/1.1800 range.”

Eur/usd continues to move sideways below 1.1800. According to FXStreet on Monday, 16 August, “After posting strong gains on Friday, the EUR/USD pair started the new week in a calm manner and continues to move sideways below 1.1800 during the American trading hours. “, “Nevertheless, the more-than-2% decline witnessed in the benchmark 10-year US Treasury bond yield is limiting DXY’s upside and helping EUR/USD consolidate its losses.”

According to FXStreet on Monday, 16 August, “The EUR/USD pair retreated just modestly from around 1.1800 to settle around 1.1770, while GBP/USD stabilized around 1.3840/50. “

More news about GBP/USD (GBPUSD).

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