British Pound: Strong momentum eyeing 1.3410–1.3445 against US Dollar – UOB
The Pound to Dollar (GBP/USD) exchange rate traded in a narrow range on Monday as easing UK political uncertainty offset renewed demand for the US Dollar following last week's sharp selloff. At the time of writing, GBP/USD was trading at $1.3352, little changed on the day.
With strong U.S. fundamentals, fiscal deficits, and reserve-currency status, the Dollar gained ground amid shifting risk sentiment. DXY held steady at $100.93, EUR/USD defended blue trendline support, and GBP/USD maintained bullish structure above $1.3380.
Pound Sterling Price News and Forecast: GBP/USD rises after a soft US data
Looking at the 4-hour chart, the pair surged above the 100 simple moving average (red, 4-hour) and 1.3320. However, the bears defended the 1.3385 resistance and the 200 simple moving average (green, 4-hour).
Cable continues to motor higher, defying a macro backdrop that was broadly dollar-supportive on Monday. Fed Governor Christopher Waller reiterated that inflation remains the Fed's primary concern, while the latest ISM services PMI pointed to continued resilience in the world's largest economy.
Pound Sterling Price News and Forecast: GBP/USD holds range as USD strength meets Fed doubts
British Pound: Range-bound against US Dollar with steady BoE expectations – Scotiabank
The US dollar has rallied a bit to recover in early Monday trading. Perhaps the markets overreacted to the jobs report?
GBPUSD rebounded further after testing the support at 1.3160 as the market closed from the 1.3400-30 resistance zone. If prices remain below this zone, another retreat toward 1.3305 and 1.3160 could hit the market.
The sterling pound has seen a notable recovery in recent weeks, following a sharp decline in late June. The GBP/USD pair has experienced a seven-session winning streak, moving from a seven-month low near $1.3200 to the $1.3350-$1.3380 range.
The Pound to South African Rand (GBP/ZAR) exchange rate closed last week near 21.67 after surrendering some early-July gains, with the Rand supported by improving global risk appetite while Sterling continued to draw support from UK monetary policy expectations. Latest — Exchange Rates:Pound to South African Rand (GBP/ZAR): 21.6704.