Pound Sterling Price News and Forecast: GBP/USD climbs on falling US yields, upbeat market mood

FXStreet Team FXStreet

GBP/USD climbs on falling US yields, upbeat market mood

The GBP/USD recovered some ground against the US dollar on Tuesday during the mid-North American session amid a risk-on impulse and falling US Treasury bond yields. Investors seem confident that most global central banks will ease monetary policy, even though Fed Chair Jerome Powell pushed back against easing in March. At the time of writing, the pair exchanges hands at 1.2594. Read More...

Pound Sterling remains on edge as hopes of rate cuts from BoE escalate

The Pound Sterling (GBP) struggles to hold the recovery move in the European session on Tuesday as the near-term outlook for risk-sensitive assets is bearish. The appeal of safe-haven assets is broadly upbeat as investors see the Federal Reserve (Fed) not rushing to cut interest rates. Receding risks of a recession in the United States due to strong labor and retail demand are allowing plenty of time for Fed policymakers to decide on rate cuts. Read More...

GBP/USD holds below 1.2550 amid firmer US Dollar

The GBP/USD pair drops to the multi-week low of 1.2518 and rebounds to 1.2535 during the early Asian session on Tuesday. The expectations of an early Federal Reserve (Fed) interest rate cut fade, and this lifts the US Dollar (USD) across the board. Meanwhile, the US Dollar Index (DXY) holds above 104.40 after retracing from a yearly high of 104.60. Read More...

GBP/USD

Overview
Today last price	1.2594
Today Daily Change	0.0056
Today Daily Change %	0.45
Today daily open	1.2538

Trends
Daily SMA20	1.2695
Daily SMA50	1.268
Daily SMA100	1.2475
Daily SMA200	1.2564

Levels
Previous Daily High	1.2639
Previous Daily Low	1.2518
Previous Weekly High	1.2773
Previous Weekly Low	1.2614
Previous Monthly High	1.2786
Previous Monthly Low	1.2597
Daily Fibonacci 38.2%	1.2564
Daily Fibonacci 61.8%	1.2593
Daily Pivot Point S1	1.2491
Daily Pivot Point S2	1.2445
Daily Pivot Point S3	1.2371
Daily Pivot Point R1	1.2611
Daily Pivot Point R2	1.2685
Daily Pivot Point R3	1.2732

Author

FXStreet Team

FXStreet

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