Last Updated on July 14, 2026 by Deon
The British pound got a bit stronger against the US Dollar on Tuesday. It went up above the 1.3350 mark after being a bit weak. Even though it got stronger, the British pound is still having trouble getting past a big hurdle that has been stopping it from getting stronger for two weeks now.
The 200-day simple moving average, which is below the 1.3400 level is the main problem for people who want to buy the British pound. Until the British pound gets stronger than this hurdle, people are going to be careful about what they do.
Pound Recovers as Dollar Gets Weaker
The British Pound got some help because the US dollar got a bit weaker. This happened before some important information about inflation in the US came out. The US Dollar getting weaker allowed the British Pound to get a bit stronger and go up to the 1.3375 area. This meant it did not lose much value as it had before.
People who trade are still not sure if they should make the British Pound get even stronger. They are waiting to see what happens with information about the economy that could change what they think about what the Federal Reserve will do with interest rates.
200-Day SMA is Still the Big Hurdle
From a point of view the 200-day Simple Moving Average is still the most important hurdle for the British Pound.
The British Pound has tried times to get past this hurdle in the past two weeks but it has not been able to. Every time it tries it gets stuck near the 1.3400 level. This shows that there are still people who want to sell the Pound at this price. If the British Pound can get past this hurdle it will be a sign and might make more people want to buy it.
Important Levels to Watch
The British Pound has stayed above the 1.3350 level. People who trade should still keep an eye on the levels below it.
Some important levels are:
* 1.3350, which’s where buyers came in recently.
* 1.3300, which is a level that people think is important.
If the British Pound goes below 1.3300 it could mean that people want to sell it and it could lose even more value if people start to feel bad about the market.
If the British Pound can stay above these levels it will help it keep trying to get stronger.
Levels That Could Stop the Pound
On the other hand there are some levels that could stop the British Pound from getting even stronger.
The first level is still the 200-day Simple Moving Average near 1.3400.
If buyers can get past this level, they might try to get to the 1.3430-1.3450 area, which’s the next level that could stop them. If they can get past this level it could mean that the British Pound will do well in the term.
Until then, people who want to buy the British Pound might still face problems.
US Inflation Information Could Change Everything
The information about inflation in the US that is coming out soon could be the big thing that affects the British Pound.
If the inflation information is not as strong as people thought it could mean that the Federal Reserve will not make interest rates higher which could make the US Dollar weaker and the British Pound stronger.
On the other hand, if the inflation information is stronger than people thought it could make the US Dollar stronger and the British Pound weaker.
What to Expect
For now the British Pound is just waiting to see what happens. It has gotten a bit stronger after being weak. Buyers still need to get past the 200-day Simple Moving Average before it can get even stronger.
With information about the US economy coming out soon, things could get more volatile, and people who trade will have to think again about what they think about the Federal Reserve and the Bank of England.
Final Thoughts
The British Pound has managed to stay above the 1.3350 level, which is good. The 200-day Simple Moving Average near 1.3400 is still stopping it from getting stronger. Unless buyers can get past this hurdle, the British pound will probably just stay in the range. People who trade should keep an eye on the information about inflation, in the US because it could be the thing that makes the British pound move.
