Pound Sterling Price News and Forecast: GBP/USD climbs sharply, back above 1.2380

FXStreet Team FXStreet

GBP/USD Price Analysis: Peaks at five-week high, fails to challenge 1.2700

The Pound Sterling advanced some 0.30% and hit a five-week high of 1.2670 following the release of the US Consumer Price Index (CPI). The data was mostly aligned with estimates, showing a continuation of the disinflation process, which weighed on the Greenback. The GBP/USD trades at 1.2641 at the time of writing. Read More...

Pound Sterling soars to 1.2670 as soft US inflation boosts Fed rate-cut prospects

The Pound Sterling (GBP) posts a fresh monthly high at 1.2670 against the US Dollar (USD) in Wednesday’s American session. The GBP/USD pair soars as the US Dollar has been hit hard due to an expected decline in the United States Consumer Price Index (CPI) and stagnant Retail Sales data for April. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, drops sharply to near 104.50. Read More...

GBP/USD consolidates its gains above 1.2580, all eyes on US CPI data

The GBP/USD pair consolidates its gains around 1.2590 during the early Asian session on Wednesday. The major pair holds above the key 100-day Exponential Moving Average (EMA) but remains capped under the 1.2600 hurdle. The US Consumer Price Index and Retail Sales report for April will be in the spotlight. Also, the Fed’s Kashkari and Bowman are due to speak. Read More...

GBP/USD

Overview
Today last price	1.2668
Today Daily Change	0.0076
Today Daily Change %	0.60
Today daily open	1.2592

Trends
Daily SMA20	1.2498
Daily SMA50	1.2594
Daily SMA100	1.2634
Daily SMA200	1.2541

Levels
Previous Daily High	1.2593
Previous Daily Low	1.2509
Previous Weekly High	1.2594
Previous Weekly Low	1.2446
Previous Monthly High	1.2709
Previous Monthly Low	1.23
Daily Fibonacci 38.2%	1.2561
Daily Fibonacci 61.8%	1.2541
Daily Pivot Point S1	1.2537
Daily Pivot Point S2	1.2481
Daily Pivot Point S3	1.2453
Daily Pivot Point R1	1.262
Daily Pivot Point R2	1.2648
Daily Pivot Point R3	1.2704

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FXStreet Team

FXStreet

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