GBP/USD Current price: 1.2749

  • The Sterling held on to tight intraday range against the greenback, as investors wait for some Brexit certainties.
  • UK macroeconomic calendar quite busy this Friday, with monthly GDP included.

The GBP/USD pair spent the day within familiar levels, shedding some ground to settle around 1.2750, as no new Brexit-related headlines hit the wires, and prevalent dollar's weakness helped to keep the Pound afloat. Speculative interest is holding its breath in regards to the Sterling, ahead of the key Parliamentary vote on May's Brexit deal next week. In the meantime, the UK will release multiple relevant figures this Friday, including Manufacturing and Industrial Production, trade data, and monthly GDP. In the Brexit front, opposition leader Jeremy Corbin said that he would call for an election to break the deadlock.

 The pair turned neutral in the short-term, as the 4 hours chart shows that technical indicators lack directional strength, stuck around their midlines, while the price is battling and also directionless 20 SMA. The 200 EMA continues providing an intraday support at around 1.2720, with scope for deeper slides on a break below it. Selling interest will also seize their chances on attempts to advance beyond the 1.2800 figure.

Support levels: 1.2720 1.2680 1.2640

Resistance levels: 1.2780 1.2815 1.2850  

View Live Chart for the GBP/USD

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Analysis feed

Latest Forex Analysis

Editors’ Picks

EUR/USD maintains the red, bears eye 1.1106

The positive momentum of the American currency leads the way among currencies. EUR/USD extends slide below 1.1180 with little in the way toward the yearly low at 1.1106. EU Consumer Confidence and US housing data pending of release.

EUR/USD News

GBP/USD gives up intraday gains, back below 1.2450

The modest advance triggered by Boris Johnson’s victory has been already reversed, as the dollar rules. GBP/USD slowly but steadily approaching to its daily low at 1.2417, as UK data released earlier in the day disappointed.

GBP/USD News

USD/JPY: Greenback gaining ground against Yen above the 108.00 handle

USD/JPY is bouncing from the monthly lows as buyers broke above the 108.00 figure. The levels to beat for bulls are seen at 108.27 and the 108.41 resistances.

USD/JPY News

Bitcoin fades and gives the lead to Altcoins

ETH/BTC is set up to rise in the short term. XRP can surprise and open up the Altcoin season. Bitcoin goes low and tests important levels.

Read more

Gold: Rebounds from $1414 area, retests overnight swing high

With technical indicators on hourly charts recovering from the negative territory, a follow-through buying beyond the current congestion zone might now set the stage for a further intraday appreciating move.

Gold News

Majors

Cryptocurrencies

Signatures