The Pound to Dollar (GBP/USD) exchange rate advanced to a multi-day high at the start of the week as improving risk sentiment and dovish Federal Reserve expectations weighed on the US Dollar. At the time of writing, GBP/USD was trading around $1.3559, up 0.2% on the day.
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GBPUSD managed to pass above the resistance of 1.3485 to meet the first target at 1.3580. As we see over the chart, the market is facing the first support zone at 1.3485, where if prices remain above it, more advance will be expected with resistances at 1.3580 and 1.3710-35.
The US Dollar finds support from Iran tensions and FOMC anticipation. Explore technical outlooks for EUR/USD and GBP/USD as central bank policy divergence grows.
The Pound to New Zealand Dollar (GBP/NZD) exchange rate saw volatile trade last week, dipping to a one-month low before recovering as mixed data and shifting risk sentiment drove movement. At the time of writing, GBP/NZD was trading around NZ$2.3011, broadly unchanged on the week.
On the hourly chart of GBP/USD at FXOpen, the pair remained well-bid above 1.3450. The British Pound started a decent increase above 1.3470 against the US Dollar.
The Pound Euro (GBP/EUR) exchange rate climbed to a near one-month high last week, as positive UK data and weak Eurozone data impacted the pairing. At the time of writing, GBP/EUR was trading at €1.1535, up 0.4% on the week.
Pound Sterling Price News and Forecast: GBP/USD turns positive for the second straight day
The Pound to Euro (GBP/EUR) exchange rate closed the week near 1.1545 on Friday, holding close to recent highs as Sterling outperformed on firm UK data while Euro gains remained capped. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.15456Pound to Dollar (GBP/USD): 1.35335Euro to Dollar (EUR/USD): 1.17218 WEEKLY RECAP: GBP/EUR.
The Pound to South African Rand (GBP/ZAR) exchange rate closed the week near 22.30, with Sterling holding firm while the Rand remained sensitive to shifts in global risk sentiment and commodity prices. WEEKLY RECAP: GBP/ZAR traded with a firmer tone through the week, with the pair holding above the 22.00 handle and edging higher into.