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Pound Sterling Price News and Forecast: GBP/USD plummets as hawkish Powell overshadows Bailey’s remarks

GBP/USD plummets as hawkish Fed Powell overshadows BoE Bailey’s remarks

GBP/USD plunges during the North American session after remarks by the US Federal Reserve (Fed) Chair Jerome Powell overshadowed words from the Bank of England (BoE) Governor Andrew Bailey, with both policymakers suggesting more tightening is needed amidst high inflation pressures. The GBP/USD is trading at 1.2645, down 0.81% or more than 100 pips, at the time of writing. Read More...

Pound Sterling takes bullet ahead of interest rate guidance from Bailey/Powell

The Pound Sterling (GBP) has displayed a vertical fall as investors are worried that the continuation of policy tightening by the Bank of England (BoE) would further dampen the economic outlook of the United Kingdom. The GBP/USD pair is going through a rough phase as more interest rate hikes by the BoE are reasonable considering that UK’s inflation is showing no signs of softening. Read More...
 

GBP/USD retreats from 1.2760 as UK Gilts flag recession woes, focus on BoE’s Bailey, Fed’s Powell

GBP/USD clings to mild losses around 1.2730 heading into Wednesday’s London open, reversing the previous day’s rebound amid mixed catalysts of late. Read More...

GBP/USD

Overview
Today last price 1.2642
Today Daily Change -0.0106
Today Daily Change % -0.83
Today daily open 1.2748
 
Trends
Daily SMA20 1.2625
Daily SMA50 1.2536
Daily SMA100 1.2362
Daily SMA200 1.2089
 
Levels
Previous Daily High 1.276
Previous Daily Low 1.2704
Previous Weekly High 1.2845
Previous Weekly Low 1.2685
Previous Monthly High 1.268
Previous Monthly Low 1.2308
Daily Fibonacci 38.2% 1.2738
Daily Fibonacci 61.8% 1.2725
Daily Pivot Point S1 1.2715
Daily Pivot Point S2 1.2681
Daily Pivot Point S3 1.2659
Daily Pivot Point R1 1.2771
Daily Pivot Point R2 1.2793
Daily Pivot Point R3 1.2827

 

 

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