GBP/USD Price Forecast: Declines below 1.3400 as bearish momentum persists below 100-day SMA

GBP/USD Price Forecast: Declines below 1.3400 as bearish momentum persists below 100-day SMA

Source: EODHD - https://www.fxstreet.com/news/gbp-usd-price-forecast-declines-below-13400-as-bearish-momentum-persists-below-100-day-sma-202609210542
Published: Sep 21, 2026 1:42 AM

The GBP/USD pair loses traction to near 1.3375 during the early European trading hours on Monday. The US Dollar (USD) strengthens against the British Pound (GBP) after the US Federal Reserve (Fed) delivered a hawkish hike last week.

Market context: This update is relevant to GBP traders, with GBPUSD as the primary instrument to monitor for follow-through, trend continuation, or headline volatility.