Pound Sterling Price News and Forecast: GBP/USD climbs on upbeat sentiment, ahead of crucial US/UK data

FXStreet Team FXStreet

GBP/USD climbs on upbeat sentiment, ahead of crucial US/UK data

The GBP/USD edges higher in the North American session as market participants await a busy economic calendar across both sides of the Atlantic. At the time of writing, the pair exchanges hands at 1.2637, up 0.09%. Read More...

Pound Sterling remains on backfoot ahead of BoE Bailey’s speech, UK, US data

The Pound Sterling (GBP) drops vertically amid dismal market sentiment in Monday’s European session. The GBP/USD pair is expected to remain volatile as investors await the United Kingdom employment and the United States Consumer Price Index (CPI) data on Tuesday. Read More...

GBP/USD

Overview
Today last price	1.2634
Today Daily Change	0.0004
Today Daily Change %	0.03
Today daily open	1.263

Trends
Daily SMA20	1.2672
Daily SMA50	1.2675
Daily SMA100	1.2487
Daily SMA200	1.2565

Levels
Previous Daily High	1.2643
Previous Daily Low	1.2599
Previous Weekly High	1.2643
Previous Weekly Low	1.2518
Previous Monthly High	1.2786
Previous Monthly Low	1.2597
Daily Fibonacci 38.2%	1.2626
Daily Fibonacci 61.8%	1.2616
Daily Pivot Point S1	1.2605
Daily Pivot Point S2	1.2581
Daily Pivot Point S3	1.2562
Daily Pivot Point R1	1.2649
Daily Pivot Point R2	1.2668
Daily Pivot Point R3	1.2693

GBP/USD Price Analysis: The key contention level is seen at 1.2600–1.2610 zone

The GBP/USD pair consolidates within a narrow trading range of 1.2600–1.2645 during the early European trading hours on Monday. The Bank of England (BoE) governor, Sarah Breeden said last week that the central bank has shifted from tightening rates to thinking about when they might come down as the recent falls in UK inflation have changed the BoE’s outlook. Traders prefer to wait on the sidelines ahead of the UK labor market data on Tuesday. At press time, GBP/USD is trading at 1.2630, gaining 0.01% on the day. 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.

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