Pound Sterling Price News and Forecast: GBP/USD catches a bullish bounce

FXStreet Team FXStreet

GBP/USD catches a bullish bounce after US ISM PMI miss sparks risk appetite

GBP/USD caught an intraday bump on Friday after a surprise miss in the US ISM Manufacturing Purchasing Managers Index (PMI) sparked renewed risk appetite on the back of fresh hopes for easing inflation to kick off a round of rate cuts from the Federal Reserve (Fed). Read More...

Pound Sterling seeks fresh guidance on interest rates

The Pound Sterling (GBP) finds support in Friday’s European session after closing in negative territory on Thursday. The GBP/USD pair holds key 1.2600 support amid hopes that the Bank of England (BoE) will begin reducing interest rates after the Federal Reserve (Fed). Read More...

GBP/USD sticks to modest recovery gains around 1.2630, upside potential seems limited

The GBP/USD pair attracts some buying during the Asian session on Friday and for now, seems to have snapped a two-day losing streak to a one-week low, around the 1.2615-1.2610 region touched the previous day. Spot prices currently trade around the 1.2630-1.2635 zone and remain at the mercy of the US Dollar (USD) price dynamics. Read More...

GBP/USD

Overview
Today last price	1.2656
Today Daily Change	0.0032
Today Daily Change %	0.25
Today daily open	1.2624

Trends
Daily SMA20	1.2623
Daily SMA50	1.2676
Daily SMA100	1.2549
Daily SMA200	1.2575

Levels
Previous Daily High	1.2682
Previous Daily Low	1.2613
Previous Weekly High	1.271
Previous Weekly Low	1.2579
Previous Monthly High	1.2773
Previous Monthly Low	1.2518
Daily Fibonacci 38.2%	1.2639
Daily Fibonacci 61.8%	1.2656
Daily Pivot Point S1	1.2597
Daily Pivot Point S2	1.257
Daily Pivot Point S3	1.2528
Daily Pivot Point R1	1.2666
Daily Pivot Point R2	1.2709
Daily Pivot Point R3	1.2736

Author

FXStreet Team

FXStreet

EUR/USD flirts with three-day lows near 1.1570

EUR/USD resumes its march south on Thursday, revisting the 1.1570 region, or three-day lows, ahead of the opening bell in Asia. The intense sell-off in the pair comes in response to the solid performance of the US Dollar amid the still unresolved crisis in the Middle East. Moving forward, investors are expected to shift their focus to the release of the US NFP on Friday.

GBP/USD stays offered near 1.3340

GBP/USD fades Wednesday’s uptick and trades with decent losses in the 1.3340 zone in the latter part of Thursday’s session. Cable’s weakness, alongside the rest of the risk complex, follows the strong performance of the Greenback amid intense geopolitical jitters.

Gold: further weakness could challenge $5,000

Gold comes under fresh selling pressure on Thursday, slipping back below the $5,100 mark per troy ounce. Persistent strength in the US Dollar (USD) is preventing the yellow metal from building a meaningful recovery, even as markets remain risk-averse amid the deepening conflict in the Middle East.

XRP rises as crypto market steadies despite Middle East war

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.

Two PMIs, two Chinas

China’s economic data are often treated with a degree of caution by global investors. The challenge is not necessarily that the numbers are incorrect, but that they can describe very different parts of a vast and complex economy. Nowhere is that more evident than in China’s PMIs.