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Pound Sterling Price News and Forecast: GBP/USD faces barricades as odds of a less-hawkish BOE policy advance

BOE Rate Decision Preview: Bailey to follow Powell’s footsteps with a dovish hike

GBP/USD is holding at a critical juncture heading into the Bank of England’s (BOE) ‘Super Thursday’ announcements. The central bank is widely expected to hike the key rate by 50 bps to 1.75% at 11:00 GMT while Governor Andrew Bailey’s press conference will follow at 11:30 GMT. Read more...

GBP/USD Forecast: 1.2200 may prove to be a tough resistance to crack

GBP/USD has been fluctuating in a tight channel below 1.2200 since the beginning of the day on Wednesday. Investors could refrain from betting on renewed pound strength while waiting for the Bank of England (BOE) to announce its policy decisions on Thursday. Read more...

GBP/USD faces barricades around 1.2150 as odds of a less-hawkish BOE policy advance

GBP/USD is struggling to surpass the immediate hurdle of 1.2150 after a pullback move. An expectation of a 50 bps rate hike by the BOE is not sufficient to offset the soaring inflation rate. The upbeat US ISM Services PMI data has improved the risk appetite of investors. Read more...

GBP/USD

Overview
Today last price 1.2146
Today Daily Change -0.0027
Today Daily Change % -0.22
Today daily open 1.2173
 
Trends
Daily SMA20 1.2012
Daily SMA50 1.2209
Daily SMA100 1.2509
Daily SMA200 1.2973
 
Levels
Previous Daily High 1.228
Previous Daily Low 1.2159
Previous Weekly High 1.2246
Previous Weekly Low 1.196
Previous Monthly High 1.2246
Previous Monthly Low 1.176
Daily Fibonacci 38.2% 1.2205
Daily Fibonacci 61.8% 1.2234
Daily Pivot Point S1 1.2128
Daily Pivot Point S2 1.2084
Daily Pivot Point S3 1.2008
Daily Pivot Point R1 1.2248
Daily Pivot Point R2 1.2324
Daily Pivot Point R3 1.2369

 

 

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