Pound Sterling Price News and Forecast: GBP/USD bears stay on top in US session, taking out 1.2200

FXStreet Team FXStreet

GBP/USD bears stay on top in US session, taking out 1.2200

GBP/USD was down 0.27% at 1.2194 after rising to its highest since mid-December to 1.2288 from a low of 1.2170 while traders await UK jobs and inflation data due later this week for clues on Bank of England (BoE) monetary policy plans. Read More...

GBP/USD: Extra advance needs to clear 1.2270 – UOB

In the opinion of Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group, further upside in GBP/USD needs to leave behind the 1.2270 level in the next few weeks. Read More...

GBP/USD remains on the defensive, hovers around 1.2200 mark ahead of BoE’s Bailey

The GBP/USD pair retreats from a one-month high touched earlier this Monday and remains on the defensive through the early North American session, though lacks follow-through. The pair is currently placed around the 1.2200 mark and is weighed down by a modest US Dollar strength. Read More...

GBP/USD

Overview
Today last price	1.2189
Today Daily Change	-0.0045
Today Daily Change %	-0.37
Today daily open	1.2234

Trends
Daily SMA20	1.2088
Daily SMA50	1.2038
Daily SMA100	1.1688
Daily SMA200	1.1997

Levels
Previous Daily High	1.2249
Previous Daily Low	1.2151
Previous Weekly High	1.2249
Previous Weekly Low	1.2086
Previous Monthly High	1.2447
Previous Monthly Low	1.1992
Daily Fibonacci 38.2%	1.2211
Daily Fibonacci 61.8%	1.2188
Daily Pivot Point S1	1.2174
Daily Pivot Point S2	1.2113
Daily Pivot Point S3	1.2076
Daily Pivot Point R1	1.2272
Daily Pivot Point R2	1.2309
Daily Pivot Point R3	1.237

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 defends 1.3300 after strong UK PMI data

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EUR/USD remains below 1.1400 after mixed US PMIs

EUR/USD pressures daily lows below the 1.1400 mark in the American session on Friday. Mixed S&P Global PMIs, as manufacturing output contracted while services activity expanded in July, triggered no relevant market reaction. The focus remains in Middle East developments and inflation-related concerns.

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The US dollar gained against the other major currencies this week amid the escalating tensions in the Middle East as well as US President Trump’s decision to proceed with a new round of tariffs after previously imposed levies expired.

Australian Dollar outlook: Chances of another rally won’t be decided in Canberra, but in Washington

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