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Pound Sterling Price News and Forecast: GBP/USD retreats and snap three days of gains

GBP/USD retreats and snap three days of gains amid escalating Middle East conflict

GBP/USD snaps three days of consecutive gains slumps on risk aversion spurred by the clash between Israel and Hamas after the latter struck an attack during the weekend. Consequently, risk-perceived currencies depreciated to the benefit of safe-haven peers, including the Greenback (USD). The GBP/USD is trading at around 1.2199, down 0.30%, after hitting a daily high of 1.2224. Read More...
 

Pound Sterling recovers as risk sentiment revives

The Pound Sterling (GBP) corrected on Monday following a short-lived pullback as the Israel-Hamas conflict that began over the weekend strengthened the risk-aversion theme. The GBP/USD pair dropped sharply as the Federal Reserve (Fed) is expected to keep one more interest rate hike in consideration, while the Bank of England (BoE) may keep interest rates unchanged to phase out fears of a recession in the United Kingdom’s economy. Read More...
 

GBP/USD sticks to the range bound theme – UOB

In the view of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, GBP/USD is still seen navigating the 1.2030-1.2270 rang for the time being. Read More...
 

GBP/USD

Overview
Today last price 1.2203
Today Daily Change -0.0034
Today Daily Change % -0.28
Today daily open 1.2237
 
Trends
Daily SMA20 1.2279
Daily SMA50 1.2517
Daily SMA100 1.2607
Daily SMA200 1.2439
 
Levels
Previous Daily High 1.2262
Previous Daily Low 1.2106
Previous Weekly High 1.2262
Previous Weekly Low 1.2037
Previous Monthly High 1.2713
Previous Monthly Low 1.2111
Daily Fibonacci 38.2% 1.2202
Daily Fibonacci 61.8% 1.2165
Daily Pivot Point S1 1.2141
Daily Pivot Point S2 1.2046
Daily Pivot Point S3 1.1986
Daily Pivot Point R1 1.2297
Daily Pivot Point R2 1.2357
Daily Pivot Point R3 1.2453

 

 

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