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

FXStreet Team FXStreet

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

Author

FXStreet Team

FXStreet

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