{
  "id": 2078921,
  "title": "GBP/USD Price Forecast: Strengthens above 1.3600 as bullish trend holds above 100-day SMA",
  "url": "https://urgent.news/2026/08/20/gbp-usd-price-forecast-strengthens-above-1-3600-as-bullish-trend",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T05:13:58.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/gbp-usd-price-forecast-strengthens-above-13600-as-bullish-trend-holds-above-100-day-sma-202608200513"
  },
  "original_language": "en",
  "account": "The GBP/USD currency pair demonstrates strength above 1.3600 as a bullish trend persists above the 100-day moving average. During early European trading hours on Thursday, the US Dollar weakens against the British Pound due to fading Federal Reserve rate hike expectations and Treasury bond purchases. The US Initial Jobless Claims report is released later on Thursday, and a disappointing job report or softer inflation data would reduce expectations of tighter Fed monetary policy. The probability of a US rate increase in September has decreased to 32.7%, down from 47% a month ago, according to the CME FedWatch Tool. The latest July meeting minutes of the Federal Reserve suggest many policymakers believed rate hikes would be necessary if inflation did not fall. The Fed left the Federal Funds Rate target range at 3.5%-3.75% last month, with dissenters arguing for more immediate action to bring inflation back to target. The Bank of England may be reassured by the UK Consumer Price Index inflation data released on Wednesday, as well as a slightly cooler labor market figure from a day earlier, which could limit the long-term impact of the Iran war-induced inflation. Analysts at MUFG note that recent labor figures show slightly stronger headline wage growth but a moderate slowdown in underlying pay pressures, with private sector earnings excluding bonuses declining from 2.9% to 2.8%. The pair maintains a bullish near-term outlook as it stays above the 20-period Bollinger middle band and the 100-day simple moving average, with the Bollinger upper band acting as immediate resistance and the RSI at 68.7 flirting with overbought territory. The key support levels are at the August 18 low of 1.3519, and the 100-day moving average at 1.3425. A break above the 1.3645 Bollinger upper band could open the door to the 1.3700 psychological level, with the next hurdle being the January 27 high of 1.3869.",
  "summary": "The GBP/USD pair trades in positive territory around 1.3610 during the early European trading hours on Thursday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "EUR/JPY Price Forecast: Gains traction above 185.00, bullish signals keep uptrend intact",
        "url": "https://urgent.news/2026/08/20/eur-jpy-price-forecast-gains-traction-above-185-00-bullish-signals",
        "published": "2026-08-20T06:07:22.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}