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

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 price1.2594
Today Daily Change0.0056
Today Daily Change %0.45
Today daily open1.2538
 
Trends
Daily SMA201.2695
Daily SMA501.268
Daily SMA1001.2475
Daily SMA2001.2564
 
Levels
Previous Daily High1.2639
Previous Daily Low1.2518
Previous Weekly High1.2773
Previous Weekly Low1.2614
Previous Monthly High1.2786
Previous Monthly Low1.2597
Daily Fibonacci 38.2%1.2564
Daily Fibonacci 61.8%1.2593
Daily Pivot Point S11.2491
Daily Pivot Point S21.2445
Daily Pivot Point S31.2371
Daily Pivot Point R11.2611
Daily Pivot Point R21.2685
Daily Pivot Point R31.2732
 

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