Pound Sterling keeps pushing against 1.2430 support weighed by weak UK employment data


GBP/USD keeps pushing against 1.2430 support weighed by weak UK employment data

The Sterling has resumed its broader bearish trend during Tuesday’s London trading session. The uninspiring UK employment figures have endorsed the theory that the BoE might start cutting rates ahead of schedule, which has punished the GBP. Read More...
 

Pound Sterling seems vulnerable near 1.2400 after weak UK labor market data

The Pound Sterling (GBP) remains on the backfoot in Tuesday’s early New York session. The GBP/USD pair remains vulnerable as the United Kingdom Office for National Statistics (ONS) reported that labor market conditions have significantly cooled down in the three months ending February. The Unemployment Rate grew strongly to 4.2% and the overall labor market witnessed that 156K workers were laid-off. Read More...

GBP/USD slides to its lowest level since November, eyes 1.2400 ahead of UK jobs data

The GBP/USD pair drifts lower for the third straight day on Tuesday – also marking the fourth day of a negative move in the previous five – and drops to its lowest level since November 17 during the Asian session. Spot prices currently trade around the 1.2420 region as traders now look to the UK monthly employment details for a fresh impetus. Read More...

GBP/USD

Overview
Today last price 1.244
Today Daily Change -0.0006
Today Daily Change % -0.05
Today daily open 1.2446
 
Trends
Daily SMA20 1.2615
Daily SMA50 1.2653
Daily SMA100 1.2667
Daily SMA200 1.2582
 
Levels
Previous Daily High 1.2499
Previous Daily Low 1.2436
Previous Weekly High 1.2709
Previous Weekly Low 1.2427
Previous Monthly High 1.2894
Previous Monthly Low 1.2575
Daily Fibonacci 38.2% 1.246
Daily Fibonacci 61.8% 1.2475
Daily Pivot Point S1 1.2421
Daily Pivot Point S2 1.2397
Daily Pivot Point S3 1.2358
Daily Pivot Point R1 1.2484
Daily Pivot Point R2 1.2523
Daily Pivot Point R3 1.2547

 

 

 
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 retargets the 0.6600 barrier and above

AUD/USD retargets the 0.6600 barrier and above

AUD/USD extended its positive streak for the sixth session in a row at the beginning of the week, managing to retest the transitory 100-day SMA near 0.6580 on the back of the solid performance of the commodity complex.

AUD/USD News

EUR/USD keeps the bullish bias above 1.0700

EUR/USD keeps the bullish bias above 1.0700

EUR/USD rapidly set aside Friday’s decline and regained strong upside traction in response to the marked retracement in the Greenback following the still-unconfirmed FX intervention by the Japanese MoF.

EUR/USD News

Gold advances for a third consecutive day

Gold advances for a third consecutive day

Gold fluctuates in a relatively tight channel above $2,330 on Monday. The benchmark 10-year US Treasury bond yield corrects lower and helps XAU/USD limit its losses ahead of this week's key Fed policy meeting.

Gold News

Bitcoin price dips to $62K range despite growing international BTC validation via spot ETFs

Bitcoin price dips to $62K range despite growing international BTC validation via spot ETFs

Bitcoin (BTC) price closed down for four weeks in a row, based on the weekly chart, and could be on track for another red candle this week. The last time it did this was in the middle of the bear market when it fell by 42% within a span of nine weeks. 

Read more

Japan intervention: Will it work?

Japan intervention: Will it work?

Dear Japan Intervenes in the Yen for the first time since November 2022 Will it work? Have we seen a top in USDJPY? Let's go through the charts.

Read more

Forex MAJORS

Cryptocurrencies

Signatures