Pound Sterling Price News and Forecast: GBP/USD bulls move in and eye UK CPI to confirm a hawkish bias at BoE


GBP/USD bulls move in and eye UK CPI to confirm a hawkish bias at BoE

GBP/USD was last trading at 1.2426, up 0.41% on the day, and has traveled from a low of 1.2366 to a high of 1.2449 so far. The market has been dominated by a correction in the US Dollar that has enabled GBP/USD to move up despite an unexpected rise in the unemployment rate in the three months to February. Read More...

 

EUR/GBP flirts with 0.8800, bears look to seize control ahead of UK CPI on Wednesday

The EUR/GBP cross extends the previous day's retracement slide from the 0.8865 region, or over a three-week high and remains under some selling pressure for the second successive day on Tuesday. The cross maintains its offered tone through the mid-European session and is currently placed just above the 0.8800 mark, down over 0.20% for the day. Read More...

 

GBP/USD clings to stronger UK wage growth data-inspired gains, just below mid-1.2400s

The GBP/USD pair catches aggressive bids on Tuesday and stalls a two-day corrective decline from its highest level since June 2022, around the 1.2545 region touched last week. The pair sticks to its strong intraday gains, around the 1.2435-1.2440 area, through the first half of the European session and for now, seems to have snapped a two-day losing streak to a one-week low set on Monday. Read More...

GBP/USD

Overview
Today last price 1.2432
Today Daily Change 0.0056
Today Daily Change % 0.45
Today daily open 1.2376
 
Trends
Daily SMA20 1.2375
Daily SMA50 1.218
Daily SMA100 1.2186
Daily SMA200 1.1915
 
Levels
Previous Daily High 1.2438
Previous Daily Low 1.2354
Previous Weekly High 1.2546
Previous Weekly Low 1.2344
Previous Monthly High 1.2424
Previous Monthly Low 1.1803
Daily Fibonacci 38.2% 1.2386
Daily Fibonacci 61.8% 1.2406
Daily Pivot Point S1 1.234
Daily Pivot Point S2 1.2305
Daily Pivot Point S3 1.2256
Daily Pivot Point R1 1.2425
Daily Pivot Point R2 1.2474
Daily Pivot Point R3 1.251

 

 

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