Pound Sterling Price News and Forecast: GBP/USD aimed at 1.22 as US Dollar eases back

FXStreet Team FXStreet

GBP/USD aimed at 1.22 as US Dollar eases back

The GBP/USD is finding some bids for Monday, rebounding from the day's early lows just south of the 1.2100 handle, and the Pound Sterling has a target set on 1.2200 ahead of the Federal Reserve's (Fed) Wednesday rate call. The Fed will beat the Bank of England (BoE) to the punch on central bank action this week, with the BoE slated for the day after. Read More...

Pound Sterling trades directionless ahead of BoE policy

The Pound Sterling (GBP) struggles to find a direction on Monday as investors await the interest rate decision from the Bank of England (BoE) for further decision-making. The GBP/USD pair trades sideways as the market mood turns quiet, with investors also seeking fresh developments over the Israel-Palestine conflict to take further action. Read More...

GBP/USD still risks a drop to 1.2040 – UOB

GBP/USD maintains the downside pressure well in place and could revisit the 1.2040 zone in the near term, note UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Read More...

GBP/USD

Overview
Today last price	1.2169
Today Daily Change	0.0048
Today Daily Change %	0.40
Today daily open	1.2121

Trends
Daily SMA20	1.2175
Daily SMA50	1.2352
Daily SMA100	1.257
Daily SMA200	1.2439

Levels
Previous Daily High	1.2163
Previous Daily Low	1.2106
Previous Weekly High	1.2289
Previous Weekly Low	1.207
Previous Monthly High	1.2713
Previous Monthly Low	1.2111
Daily Fibonacci 38.2%	1.2128
Daily Fibonacci 61.8%	1.2141
Daily Pivot Point S1	1.2097
Daily Pivot Point S2	1.2073
Daily Pivot Point S3	1.204
Daily Pivot Point R1	1.2154
Daily Pivot Point R2	1.2187
Daily Pivot Point R3	1.2211

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.

GBP/USD dips below 1.3350 with bullish momentum losing steam

The British Pound ticks lower against the US Dollar Monday, attempting to close a seven-day rally, as tensions rise again in the Strait of Hormuz, one of the critical points in the peace process between Washington and Tehran. The GBP/USD pair trades near 1.3340 at the time of writing, down from 1.3387 highs last week, although it maintains a near-term bullish trend intact.

EUR/USD trims losses, back to 1.1430

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