GBPUSD fell below the support at 1.3520 which could lead to another drop towards the trend line support zone around 1.3400-25. From that zone a rebound will be expected with resistance at 1.3565.
Pound Sterling Price News and Forecast: GBP/USD likely fall further towards 1.3420
GBP/USD Price Forecast: Likely fall further towards 1.3420
British Pound: Downside risk toward 1.3480 against US Dollar – UOB
The British Pound struggled near 1.3675 and dipped against the US Dollar. GBP/USD traded below 1.3620 and 1.3600 to enter a short-term bearish zone.
Pound Sterling Price News and Forecast: GBP/USD stalls as mixed US data keeps Fed hawkish bets alive
Pound Sterling Price News and Forecast: GBP/USD declines below 1.3550
GBPUSD also managed to drop past the target of 1.3560. As we see from the chart, the Intraday support at 1.3520 could keep the chances for another rebound toward 1.3675.
The euro is closing out August with genuine momentum, having climbed to $1.1697 against the dollar, its strongest level in three months, on the back of ECB hike bets that keep gaining traction. French and Spanish inflation both surprised to the upside, with Spain's harmonised reading hitting 4.5%, its highest since 2023, reinforcing market expectations that the ECB deposit rate could climb to 2.80% by next March, from 2.25% currently.
GBP/USD Price outlook: British Pound/US Dollar navigating between arc levels
British Pound: Downside risk focuses on 1.3480 against US Dollar – UOB
GBP/USD Price Forecast: Declines below 1.3550, while maintaining bullish bias above 100-day SMA