Pound Sterling downtrend remains, despite bouncing off the daily low

FXStreet Team FXStreet

GBP/USD Price Analysis: Downtrend remains, despite bouncing off the daily low

In early trading on Wednesday, the Pound Sterling resumed its downtrend against the US Dollar, as the Greenback remained the strongest currency against other peers. Despite printing losses, Cable remains at familiar levels, ahead of the Bank of England (BoE) monetary policy decision. The GBP/USD trades at 1.2483, down 0.20%. Read More...

Pound Sterling slumps amid uncertainty ahead of BoE’s policy decision

The Pound Sterling (GBP) slips below the psychological support of 1.2500 against the US Dollar (USD) in Wednesday’s early New York session. The GBP/USD pair faces a sell-off due to multiple headwinds, such a sharp recovery in the US Dollar and uncertainty ahead of the Bank of England’s (BoE) interest rate decision, which will be announced on Thursday. Read More...

GBP/USD hovers around 1.2500 on the stronger US Dollar, focus on BoE rate decision

The GBP/USD pair trades on a softer note around 1.2500 on Wednesday during the early Asian session. The USD Index (DXY) recovers modestly to 105.40, which drags the major pair lower. The Federal Reserve’s (Fed) Philip Jefferson, Susan Collins, and Lisa Cook are scheduled to speak later on Wednesday. The Bank of England's (BoE) interest rate decision will take centre stage on Thursday. Read More...

GBP/USD

Overview
Today last price	1.249
Today Daily Change	-0.0019
Today Daily Change %	-0.15
Today daily open	1.2509

Trends
Daily SMA20	1.2484
Daily SMA50	1.2607
Daily SMA100	1.2642
Daily SMA200	1.2546

Levels
Previous Daily High	1.2568
Previous Daily Low	1.2501
Previous Weekly High	1.2635
Previous Weekly Low	1.2466
Previous Monthly High	1.2709
Previous Monthly Low	1.23
Daily Fibonacci 38.2%	1.2526
Daily Fibonacci 61.8%	1.2542
Daily Pivot Point S1	1.2484
Daily Pivot Point S2	1.2459
Daily Pivot Point S3	1.2417
Daily Pivot Point R1	1.2551
Daily Pivot Point R2	1.2593
Daily Pivot Point R3	1.2618

Author

FXStreet Team

FXStreet

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