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Pound Sterling Price News and Forecast: GBP/USD halts decline ahead of Fed and BoE’s decisions

GBP/USD halts decline ahead of Fed and BoE’s decisions, traders eye UK CPI

The British Pound (GBP) halts last week’s fall against the buck (USD) and prints minuscule gains vs. the latter despite rising US Treasury bond yields, as the UK and US central banks are expected to reaffirm its restrictive stance. Therefore, the GBP/USD is trading at 1.2395 after hitting a daily low of 1.2369, though it is still below the 1.2400 figure. Read More...

Pound Sterling recovery falters ahead of inflation data

The Pound Sterling (GBP) attempts recovery despite investors remaining uncertain over the UK’s economic outlook. Expectations abound of one more interest rate increase from the Bank of England (BoE), a decision that will be announced on Thursday. The BoE is not in a position to pause the policy-tightening spell as inflationary pressure is stubborn and wage growth momentum is strong. Read More...
 

GBP/USD: Extra weakness remains on the cards – UOB

In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBP/USD could still slip back to the 1.2300 region in the next few weeks. Read More...

GBP/USD

Overview
Today last price 1.2392
Today Daily Change 0.0009
Today Daily Change % 0.07
Today daily open 1.2383
 
Trends
Daily SMA20 1.2559
Daily SMA50 1.2723
Daily SMA100 1.2652
Daily SMA200 1.2433
 
Levels
Previous Daily High 1.241
Previous Daily Low 1.237
Previous Weekly High 1.2548
Previous Weekly Low 1.2379
Previous Monthly High 1.2841
Previous Monthly Low 1.2548
Daily Fibonacci 38.2% 1.2395
Daily Fibonacci 61.8% 1.2386
Daily Pivot Point S1 1.2365
Daily Pivot Point S2 1.2348
Daily Pivot Point S3 1.2325
Daily Pivot Point R1 1.2406
Daily Pivot Point R2 1.2428
Daily Pivot Point R3 1.2446

 

 

 

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