Pound Sterling Price News and Forecast: GBP/USD bull sinks as BoE keeps rates unchanged


GBP/USD licks its wounds at 1.3500 after plummeting 200 pips on dovish BoE

The GBP/USD is steady as the Asian Pacific session kicks in, up 0.04%, trading at 1.3503 during the day at the time of writing. The market sentiment is upbeat, as the Federal Reserve said it would begin the bond tapering process, reducing purchases by $15 billion in the middle of November while pushing back higher interest rates.

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GBP/USD

Overview
Today last price 1.35
Today Daily Change 0.0002
Today Daily Change % 0.01
Today daily open 1.3498
 
Trends
Daily SMA20 1.3699
Daily SMA50 1.3706
Daily SMA100 1.3764
Daily SMA200 1.385
 
Levels
Previous Daily High 1.3698
Previous Daily Low 1.3471
Previous Weekly High 1.3829
Previous Weekly Low 1.3668
Previous Monthly High 1.3834
Previous Monthly Low 1.3434
Daily Fibonacci 38.2% 1.3558
Daily Fibonacci 61.8% 1.3611
Daily Pivot Point S1 1.3414
Daily Pivot Point S2 1.3329
Daily Pivot Point S3 1.3187
Daily Pivot Point R1 1.364
Daily Pivot Point R2 1.3782
Daily Pivot Point R3 1.3867

 

Gold prices rally as Fed begin tapering, GBP/USD sinks as BoE keeps rates unchanged [Video]

Gold prices were up by as much as $30 in Thursday’s session, in the aftermath of the Wednesday’s FOMC meeting. The Federal Reserve opted to keep interest rates unchanged, however the bank decided to begin tapering its COVID-19 asset purchasing program.

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