British Pound: Range-bound against US Dollar ahead of Budget – Scotiabank
Pound Sterling Price News and Forecast: GBP/USD flatlines around 1.3630
GBP/USD holds near highs: Focus turns to key events later this week
GBP/USD is holding at 1.3627 on Tuesday. In the final full week of August, the pair remains near its highest level since mid-February.
British Pound: Upside bias toward 1.3700 against US Dollar – UOB
GBP/USD Price Forecast: Rally pauses below 1.3700
Looking at the 4-hour chart, the pair settled above 1.3600, the 100 simple moving average (red, 4-hour), and the 200 simple moving average (green, 4-hour). The pair climbed above 1.3650 and traded as high as 1.3675 on TitanFX before it started a consolidation phase.
British Pound: Sentiment supports further gains against US Dollar – Scotiabank
Cable trades near 6 ½ month peak (1.3675, hit on Friday) and moving in more quiet mode on Monday, as traders reduce speed ahead of this week's key events – release of US PCE Index and the speech of Fed's Warsh in Jackson Hole symposium, which is expected to provide the latest inflation update as well as potential signal about the US central bank's steps in coming months.
GBPUSD also shows the chance for a correction before rebounding. As we see from the chart, the market is facing resistance around 1.3675 which could give space for a trading zone toward 1.3560.
Pound-Australian Dollar could remain under pressure if RBA minutes revive rate hike bets, while a quiet UK calendar leaves Sterling reliant on wider market trends. The Pound to Australian Dollar (GBP/AUD) exchange rate traded in a wide range last week amid uneven UK economic data and a shifting market mood.
Pound Sterling Price News & Forecast: GBP/USD dips but remains on track for weekly gains