Pound Sterling Price News and Forecast: GBP/USD bulls hope US prices have cooled

FXStreet Team FXStreet

GBP/USD bulls hope US prices have cooled, eye break of 1.2520

GBP/USD has traveled within a range of 1.2379 and 1.2456 on the day and is up around 0.3% currently at 1.2420. Read More...

GBP/USD eases from daily peak, still well bid above 1.2400 amid broad-based USD weakness

The GBP/USD pair catches fresh bids on Tuesday and snaps a four-day losing streak to over a one-week low, around the 1.2345 region touched the previous day. The pair sticks to its strong intraday gains heading into the North American session and trades around the 1.2435-1.2440 area, just a few pips below the daily high. Read More...

GBP/USD

Overview
Today last price	1.2417
Today Daily Change	0.0035
Today Daily Change %	0.28
Today daily open	1.2382

Trends
Daily SMA20	1.2303
Daily SMA50	1.2156
Daily SMA100	1.2165
Daily SMA200	1.1903

Levels
Previous Daily High	1.2443
Previous Daily Low	1.2344
Previous Weekly High	1.2525
Previous Weekly Low	1.2275
Previous Monthly High	1.2424
Previous Monthly Low	1.1803
Daily Fibonacci 38.2%	1.2382
Daily Fibonacci 61.8%	1.2405
Daily Pivot Point S1	1.2337
Daily Pivot Point S2	1.2291
Daily Pivot Point S3	1.2238
Daily Pivot Point R1	1.2435
Daily Pivot Point R2	1.2488
Daily Pivot Point R3	1.2533

GBP/USD shifts business above 1.2400 as anxiety among investors ahead of US Inflation recedes

GBP/USD has managed to shift its auction above the round-level resistance of 1.2400 in the early European session. The Cable has attracted bids as investors are showing maturity to the accelerating chances of more rate hikes from the Federal Reserve (Fed). The US Dollar has remained in a negative trajectory in the Asian session as anxiety among the market participants ahead of the release of the United States Consumer Price Index (CPI) has receded. Read More...

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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 drops toward 1.1400 as US Dollar rebounds

EUR/USD pair trades marginally lower, heading toward 1.1400 in the European session on Monday. The pair faces slight selling pressure as the US Dollar gains ground after a negative weekly close. Middle East concerns and the USD/JPY rally support the Greenback.

Gold sticks to modest losses amid Hormuz risks; lacks bearish conviction

Gold shows some resilience below the $4,150 level, and for now seems to have stalled its intraday retracement slide from a two-week high, levels just above the $4,200 mark, touched earlier this Monday. The commodity, however, retains its negative bias heading into the European session, seems to have snapped a three-day winning streak.

Dogecoin recovery stalls amid early signs of whale support

Dogecoin (DOGE) price nears $0.0770, maintaining a broadly consolidative tone for the last three days after Friday’s 4% rebound. The first-ever meme coin is losing retail interest as DOGE derivatives volume drops, while on-chain data shows early signs that large-wallet investors, commonly referred to as whales, are expanding their holdings.

Week ahead – ISM services PMI and Fed Minutes to shake Fed hike bets

The US dollar is finishing the week on the back foot against most of its major counterparts this week, losing the most ground against the kiwi, the franc and the pound. Despite the pullback, investors remained adamant in their view that the Fed may have to press the rate hike button before the turn of the year.

Kevin Warsh offers no policy clues: Why markets still got their answer

Financial markets came to Sintra looking for clues about the Federal Reserve's (Fed) next move. They largely left with confirmation that Fed Chair Kevin Warsh intends to make those clues much harder to find.