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Pound Sterling Price News and Forecast: Pound Sterling drops further as market sentiment deteriorates

Pound Sterling drops further as market sentiment deteriorates, mix UK factory data

The Pound Sterling (GBP) struggles to sustain against the US Dollar amid deepening tensions in Middle East region, which have dampened market sentiment. US military and its allies have launched airstrikes on Houti rebels as they were warned for attacking merchant vessels flowing from Red Sea. This has escalated fears of oil supply disruptions and entry of Iran between Israel-Hamas war. Read More...
The GBP/USD pair gains ground to nearly the weekly high during the early Asian trading hours on Friday. The November UK Gross Domestic Product (GDP) is estimated to grow by 0.2% MoM from the 0.3% contraction in the previous reading. GBP/USD currently trades near 1.2780, gaining 0.16% on the day. Read More...

GBP/USD

Overview
Today last price 1.2746
Today Daily Change -0.0014
Today Daily Change % -0.11
Today daily open 1.276
 
Trends
Daily SMA20 1.2707
Daily SMA50 1.2588
Daily SMA100 1.2449
Daily SMA200 1.2544
 
Levels
Previous Daily High 1.2774
Previous Daily Low 1.269
Previous Weekly High 1.2771
Previous Weekly Low 1.2611
Previous Monthly High 1.2828
Previous Monthly Low 1.2501
Daily Fibonacci 38.2% 1.2742
Daily Fibonacci 61.8% 1.2723
Daily Pivot Point S1 1.2708
Daily Pivot Point S2 1.2658
Daily Pivot Point S3 1.2624
Daily Pivot Point R1 1.2792
Daily Pivot Point R2 1.2825
Daily Pivot Point R3 1.2876

 

 

The Pound Sterling remains on the back foot in the mid-North American session on Thursday, as inflation in the United States (US) picked up more than estimated in December, which might deter the US Federal Reserve (Fed) from easing monetary policy as investors estimate. The GBP/USD trades at 1.2734, printing losses of 0.02%. Read More...
 

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