Pound Sterling drops after mixed UK retail sales, risk aversion


GBP/USD drops after mixed UK retail sales, risk aversion

The Pound Sterling tumbles against the US Dollar during the mid-North American session after a volatile trading day due to an escalation of the Israel-Iran conflict. Major central bank speakers led by the Bank of England (BoE) and the Federal Reserve (Fed), continued to set the tone for the financial markets. The GBP/USD trades at 1.2376, down 0.48%. Read More...

Pound Sterling rebounds as fears of Middle East tensions escalating further ease

The Pound Sterling (GBP) finds a temporary support near almost five-month low around 1.2400 against the US Dollar in Friday’s early American session. The US Dollar Index (DXY) struggles to sustain above the crucial support of 106.00 despite Federal Reserve (Fed) policymakers maintaining hawkish guidance on interest rates. Read More...

GBP/USD remains on the defensive below 1.2450 ahead of UK Retail Sales data

The GBP/USD pair remains on the defensive near 1.2430 during the early Asian session on Friday. The downtick of the major pair is backed by the stronger US Dollar (USD) as the strong US economic data and hawkish remarks from the Federal Reserve (Fed) officials have triggered the speculation that the US central bank will delay interest rate cuts to September. Read More...

GBP/USD

Overview
Today last price 1.238
Today Daily Change -0.0057
Today Daily Change % -0.46
Today daily open 1.2437
 
Trends
Daily SMA20 1.2573
Daily SMA50 1.2643
Daily SMA100 1.266
Daily SMA200 1.2573
 
Levels
Previous Daily High 1.2485
Previous Daily Low 1.2434
Previous Weekly High 1.2709
Previous Weekly Low 1.2427
Previous Monthly High 1.2894
Previous Monthly Low 1.2575
Daily Fibonacci 38.2% 1.2453
Daily Fibonacci 61.8% 1.2465
Daily Pivot Point S1 1.2419
Daily Pivot Point S2 1.24
Daily Pivot Point S3 1.2367
Daily Pivot Point R1 1.247
Daily Pivot Point R2 1.2503
Daily Pivot Point R3 1.2521

 

 

 
Share: Feed news

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. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

AUD/USD holds higher ground above 0.6650 on China optimism

AUD/USD holds higher ground above 0.6650 on China optimism

AUD/USD is flirting with session highs above 0.6650 even after Australian Retail Sales data missed estimates with 0.1% MoM in April. The pair draws support from broad US Dollar softness and China's property market measures. Focus shifts to Fedspeak. 

AUD/USD News

USD/JPY falls from 157.00 as US Dollar meets fresh supply

USD/JPY falls from 157.00 as US Dollar meets fresh supply

USD/JPY is reversing from near 157.00 in Asian trading on Tuesday, undermined by a renewed US Dollar selling wave, as risk sentiment receives a fresh boost on China optimism. Investors await Fedspeak and key data to determine the pace of rate cuts from central banks moving forward.

USD/JPY News

Gold price trades with mild gains, investors await US key data

Gold price trades with mild gains, investors await US key data

Gold price edges higher on Tuesday after bouncing off two-week lows of $2,325. The uptick of yellow metal is bolstered by the softer US Dollar and safe-haven flows amid the ongoing geopolitical tensions in the Middle East. 

Gold News

Ethereum investors confident of rally as ETH developers schedule Pectra upgrade for Q1 2025

Ethereum investors confident of rally as ETH developers schedule Pectra upgrade for Q1 2025

Ethereum gained nearly 3% on Monday as investors exhibited high bullish sentiment. Michael Saylor also commented on the recent spot ETH ETF approval by the Securities & Exchange Commission.

Read more

Fed policymakers on the radar, as US PCE inflation looms

Fed policymakers on the radar, as US PCE inflation looms

Federal Reserve policymakers are set to make their scheduled appearances on Tuesday, as full markets return, anticipating the release of the high-impact US PCE inflation due later this week.

Read more

Forex MAJORS

Cryptocurrencies

Signatures