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Pound Sterling Price News and Forecast: BoE´s Bailey: Alert to any signs of persistent inflationary pressures

BoE´s Bailey: Alert to any signs of persistent inflationary pressures

Bank of England's Andrew Bailey has crossed the wires and said that the central bank has to be very alert to any signs of persistent inflationary pressures. Read More...
 

GBP/USD Price Analysis: Refreshes daily high amid positive risk tone, subdued USD demand

The GBP/USD pair regains positive traction on the first day of a new week and builds on its steady intraday ascent through the mid-European session. Spot prices climb to a fresh daily high, around the 1.2270-1.2275 area in the last hour, and reverse a major part of Friday's losses amid the risk-on impulse. Read More..
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GBP/USD sticks to modest intraday gains around mid-1.2200s, lacks follow-through

The GBP/USD pair builds on Friday's late intraday rebound from sub-1.2200 levels and gains some positive traction on the first day of a new week. The pair maintains its bid tone through the early part of the European session and is currently trading around mid-1.2200s, up nearly 0.15% for the day. Read More...

GBP/USD

Overview
Today last price1.2286
Today Daily Change0.0053
Today Daily Change %0.43
Today daily open1.2233
 
Trends
Daily SMA201.2085
Daily SMA501.2148
Daily SMA1001.2093
Daily SMA2001.1893
 
Levels
Previous Daily High1.2292
Previous Daily Low1.2191
Previous Weekly High1.2344
Previous Weekly Low1.2167
Previous Monthly High1.2402
Previous Monthly Low1.1915
Daily Fibonacci 38.2%1.223
Daily Fibonacci 61.8%1.2253
Daily Pivot Point S11.2185
Daily Pivot Point S21.2137
Daily Pivot Point S31.2083
Daily Pivot Point R11.2287
Daily Pivot Point R21.234
Daily Pivot Point R31.2388

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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GBP/USD gathers strength to near 1.3300 on Burnham’s commitment to fiscal rules, NFP data loom

The GBP/USD pair gains traction to near 1.3290 during the Asian trading hours on Thursday. The British Pound strengthens against the US Dollar as the UK's likely next Prime Minister, Andy Burnham, has eased market concerns by pledging strict fiscal discipline. The US Nonfarm Payrolls data for June will take center stage later on Thursday.


EUR/USD nudges higher above 1.1350 on softer Fed stance, traders await US jobs data

The EUR/USD pair posts modest gains near 1.1380 during the early Asian session on Thursday. The US Dollar edges lower against the Euro on less hawkish remarks from Federal Reserve Chairman Kevin Warsh. Traders will closely monitor the US jobs data for June later on Thursday.


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A preview of NFP

The number is of much greater importance than usual as the Fed moves away from a forecasting framework and towards a current-data/rebuilding-credibility framework.  While I have been pooh-poohing Warsh’s hawkish opener, I am also open to the idea that if he is serious about rebuilding credibility, he can find enough hawkish votes, and if June NFP is another hot one—July FOMC could be in play. 

Just like Fed, is BoJ’s independence under threat?

When talking about central bank independence, most of the focus has been on Donald Trump’s pressure on the Federal Reserve. But a similar story, a quieter one for now, seems to be happening on the other side of the Pacific: Japan’s government may be testing the Bank of Japan’s independence.