{"id":103921,"date":"2020-08-28T13:35:10","date_gmt":"2020-08-28T12:35:10","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103921"},"modified":"2020-08-28T13:36:18","modified_gmt":"2020-08-28T12:36:18","slug":"104076-bulls-push-gbp-usd-to-multi-month-highs","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/","title":{"rendered":"Bulls Push GBP\/USD to Multi-Month Highs"},"content":{"rendered":"<ul>\n<li>GBP\/USD near December 2019 levels.<\/li>\n<li>The US dollar short-lived burst after Powell&#8217;s speech.<\/li>\n<\/ul>\n<p>Sterling flexed its muscles to regain the levels seen in December 2019, which is also the highest level in the last eight months. The Fed chair Jerome Powell&#8217;s Jackson Hole speech resulted in a show of strength by the dollar, only to shed them later and let bears gain the advantage to revive the medium-term sell-off.<\/p>\n<p>Powell&#8217;s speech confirmed the market expectation of allowing the inflation to overshoot if required and following the average inflation targeting for the required period.<\/p>\n<p>The pound also seems to be pricing in a deal between the EU and UK regarding Brexit even though the initial talks failed to generate a positive start. Both teams are now working behind the scenes without providing any sound bites to the media. A no-deal scenario could be a difficult situation for the currency.<\/p>\n<p>As Monday is a bank holiday, the long weekend might prompt cutting positions by the market participants.<\/p>\n<p>The traders will be watching the virtual Jackson Hole Symposium as Bank of England governor Andrew Bailey is scheduled to speak today at 14:05 UK time.<\/p>\n<p>GBP\/USD was trading at 1.3275 easing from the eight-month high of 1.3289 posted earlier in the day. The cable has been printing higher lows and higher highs in the last four days indicating a strong upside momentum in the pair. In the short-term, the CCI indicator is suggesting heavily overbought conditions in the pair and might be ripe for a pullback.<\/p>\n<p>The recent supporting trendline at 1.3145, though broken recently &#8211; without conviction, continues to help the pair stay afloat along with the 20-day moving average at 1.3122.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GBP\/USD near December 2019 levels. The US dollar short-lived burst after Powell&#8217;s speech. Sterling flexed its muscles to regain the levels seen in December 2019, which is also the highest level in the last eight months. The Fed chair Jerome Powell&#8217;s Jackson Hole speech resulted in a show of strength by the dollar, only to [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5444,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1379,1381],"tags":[1439,1386,1408,1888,1451,1445],"class_list":{"0":"post-103921","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-gbp","8":"category-usd","9":"tag-boe","10":"tag-brexit","11":"tag-fed","12":"tag-gbp-usd","13":"tag-jackson-hole","14":"tag-jerome-powell"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bulls Push GBP\/USD to Multi-Month Highs - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104076-bulls-push-gbp-usd-to-multi-month-highs\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104076-bulls-push-gbp-usd-to-multi-month-highs\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"Bulls Push GBP\\\/USD to Multi-Month Highs\",\"datePublished\":\"2020-08-28T12:35:10+00:00\",\"dateModified\":\"2020-08-28T12:36:18+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104076-bulls-push-gbp-usd-to-multi-month-highs\\\/\"},\"wordCount\":281,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104076-bulls-push-gbp-usd-to-multi-month-highs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100946-gbp-eur-pound-strengthens.jpg\",\"keywords\":[\"boe\",\"Brexit\",\"fed\",\"gbp\\\/usd\",\"jackson hole\",\"Jerome Powell\"],\"articleSection\":[\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104076-bulls-push-gbp-usd-to-multi-month-highs\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104076-bulls-push-gbp-usd-to-multi-month-highs\\\/\",\"name\":\"Bulls Push GBP\\\/USD to Multi-Month Highs - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104076-bulls-push-gbp-usd-to-multi-month-highs\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104076-bulls-push-gbp-usd-to-multi-month-highs\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100946-gbp-eur-pound-strengthens.jpg\",\"datePublished\":\"2020-08-28T12:35:10+00:00\",\"dateModified\":\"2020-08-28T12:36:18+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104076-bulls-push-gbp-usd-to-multi-month-highs\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/104076-bulls-push-gbp-usd-to-multi-month-highs\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104076-bulls-push-gbp-usd-to-multi-month-highs\\\/#primaryimage\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100946-gbp-eur-pound-strengthens.jpg\",\"contentUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100946-gbp-eur-pound-strengthens.jpg\",\"width\":1200,\"height\":675,\"caption\":\"gbp-british-pound-coin - GBP\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/104076-bulls-push-gbp-usd-to-multi-month-highs\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bulls Push GBP\\\/USD to Multi-Month Highs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\",\"name\":\"Stelian Olar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g\",\"caption\":\"Stelian Olar\"},\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/author\\\/stelian-olar\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bulls Push GBP\/USD to Multi-Month Highs - Currency Live","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/","twitter_misc":{"Written by":"Stelian Olar","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/#article","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/"},"author":{"name":"Stelian Olar","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c83637dd6dc82bcaadbc8b6c994d1186"},"headline":"Bulls Push GBP\/USD to Multi-Month Highs","datePublished":"2020-08-28T12:35:10+00:00","dateModified":"2020-08-28T12:36:18+00:00","mainEntityOfPage":{"@id":"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/"},"wordCount":281,"image":{"@id":"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100946-gbp-eur-pound-strengthens.jpg","keywords":["boe","Brexit","fed","gbp\/usd","jackson hole","Jerome Powell"],"articleSection":["GBP","USD"],"inLanguage":"en-US","copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/currencylive.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/","url":"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/","name":"Bulls Push GBP\/USD to Multi-Month Highs - Currency Live","isPartOf":{"@id":"https:\/\/currencylive.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/#primaryimage"},"image":{"@id":"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/#primaryimage"},"thumbnailUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100946-gbp-eur-pound-strengthens.jpg","datePublished":"2020-08-28T12:35:10+00:00","dateModified":"2020-08-28T12:36:18+00:00","author":{"@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c83637dd6dc82bcaadbc8b6c994d1186"},"breadcrumb":{"@id":"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/#primaryimage","url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100946-gbp-eur-pound-strengthens.jpg","contentUrl":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100946-gbp-eur-pound-strengthens.jpg","width":1200,"height":675,"caption":"gbp-british-pound-coin - GBP"},{"@type":"BreadcrumbList","@id":"https:\/\/currencylive.com\/news\/104076-bulls-push-gbp-usd-to-multi-month-highs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/currencylive.com\/news\/"},{"@type":"ListItem","position":2,"name":"Bulls Push GBP\/USD to Multi-Month Highs"}]},{"@type":"WebSite","@id":"https:\/\/currencylive.com\/news\/#website","url":"https:\/\/currencylive.com\/news\/","name":"Currency Live","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/currencylive.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/currencylive.com\/news\/#\/schema\/person\/c83637dd6dc82bcaadbc8b6c994d1186","name":"Stelian Olar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b49463f46121c6696c7326c39f9c0566148bfc9b5f7fcbf494e67f280fa034fc?s=96&d=blank&r=g","caption":"Stelian Olar"},"url":"https:\/\/currencylive.com\/news\/author\/stelian-olar\/"}]}},"jetpack_featured_media_url":"https:\/\/currencylive.com\/news\/wp-content\/uploads\/2019\/08\/100946-gbp-eur-pound-strengthens.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/103921","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/users\/163946612"}],"replies":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/comments?post=103921"}],"version-history":[{"count":1,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/103921\/revisions"}],"predecessor-version":[{"id":103922,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/posts\/103921\/revisions\/103922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media\/5444"}],"wp:attachment":[{"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/media?parent=103921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/categories?post=103921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/currencylive.com\/news\/wp-json\/wp\/v2\/tags?post=103921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}