Pound Sterling Price News and Forecast: EUR/GBP rises above 0.8600

FXStreet Team FXStreet

EUR/GBP rises above 0.8600 for the first time since early July

The EUR/GBP accelerated the move to the upside and jumped to 0.8601, reaching the highest level since July 6. While the euro is among the best performers, the pound is under pressure amid risk aversion. Read More...

GBP/USD struggles to preserve modest intraday gains and retreats to 1.1660 mark

The GBP/USD pair struggles to capitalize on its modest intraday uptick to the 1.1760 area and the previous YTD lows of July. After air-kissing those lows goodbye the pair appears to have retreated even further south during the early North American session. Cable is currently placed around the 1.1660 mark and remains well within the striking distance of its lowest level since March 2020, in the 1.1640s, touched the previous day. Read More...

GBP/USD to face a challenging environment – Commerzbank

In the United Kingdom, inflation is likely to be fuelled further, increasing pressure on the Bank of England (BoE). Thus, GBP/USD seems to continuously trend weaker at present, economists at Commerzbank report. Read More...

GBP/USD

Overview
Today last price	1.1658
Today Daily Change	-0.0052
Today Daily Change %	-0.44
Today daily open	1.171

Trends
Daily SMA20	1.1995
Daily SMA50	1.2039
Daily SMA100	1.2292
Daily SMA200	1.2826

Levels
Previous Daily High	1.1744
Previous Daily Low	1.1649
Previous Weekly High	1.19
Previous Weekly Low	1.1717
Previous Monthly High	1.2246
Previous Monthly Low	1.176
Daily Fibonacci 38.2%	1.1685
Daily Fibonacci 61.8%	1.1708
Daily Pivot Point S1	1.1658
Daily Pivot Point S2	1.1606
Daily Pivot Point S3	1.1562
Daily Pivot Point R1	1.1753
Daily Pivot Point R2	1.1796
Daily Pivot Point R3	1.1848

Author

FXStreet Team

FXStreet

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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