Pound Sterling mildly up after PCE figures from the US meet expectations

FXStreet Team FXStreet

GBP/USD mildly up after PCE figures from the US meet expectations

In Friday's session, GBP/USD is being traded around 1.2640, registering a variation of 0.14% as investors digest the US February Personal Consumption Expenditures (PCE) figures. Read More...

GBP/USD Price Analysis: The first downside target is seen at the 1.2600-1.2605 zone

The GBP/USD pair trades on a weaker note around 1.2620 during the early European session on Friday. The decline of Pound Sterling (GBP) is backed by the growing speculation that the Bank of England (BoE) will begin the rate-cut cycle this year. Markets are fully pricing in the first rate cut in August, with a total of nearly three quarter-point interest rate cuts this year. Read More...

GBP/USD trades sideways above 1.2600 amid quiet session

The GBP/USD pair trades sideways around 1.2622 during the early Asian session on Friday. The market is likely to be mute in light trading on Good Friday. Later in the day, the US Core Personal Consumption Expenditures (PCE) Price Index will be released. The Fed’s preferred inflation gauge is estimated to remain stable at 2.8% YoY. Read More...

GBP/USD

Overview
Today last price	1.263
Today Daily Change	0.0006
Today Daily Change %	0.05
Today daily open	1.2624

Trends
Daily SMA20	1.2719
Daily SMA50	1.2678
Daily SMA100	1.2653
Daily SMA200	1.259

Levels
Previous Daily High	1.2655
Previous Daily Low	1.2586
Previous Weekly High	1.2804
Previous Weekly Low	1.2575
Previous Monthly High	1.2773
Previous Monthly Low	1.2518
Daily Fibonacci 38.2%	1.2612
Daily Fibonacci 61.8%	1.2629
Daily Pivot Point S1	1.2588
Daily Pivot Point S2	1.2553
Daily Pivot Point S3	1.252
Daily Pivot Point R1	1.2657
Daily Pivot Point R2	1.269
Daily Pivot Point R3	1.2726

Author

FXStreet Team

FXStreet

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