Pound Sterling Price News and Forecast: GBP/USD clings to minimal gains at around 1.2550s, ahead of US CPI

FXStreet Team FXStreet

GBP/USD clings to minimal gains at around 1.2550s, ahead of US CPI

The Pound Sterling (GBP) recovered some ground against the US Dollar (USD) amidst a session characterized by mixed market sentiment, ahead of crucial monetary policy decisions of the US Federal Reserve (Fed) and the Bank of England (BoE). The GBP/USD trades at 1.2558, registering minuscule gains of 0.10%. Read More...

GBP/USD ticks up above 1.2550 as US Dollar recovery stalls

The Sterling is trimming some losses on Monday’s European session, with the US Dollar losing upside momentum. The broader bearish trend, however, remains active, with investors cautious ahead of key UK data and major central banks’ decisions. Read More...

GBP/USD

Overview
Today last price	1.2556
Today Daily Change	0.0008
Today Daily Change %	0.06
Today daily open	1.2548

Trends
Daily SMA20	1.255
Daily SMA50	1.2339
Daily SMA100	1.2464
Daily SMA200	1.2486

Levels
Previous Daily High	1.2602
Previous Daily Low	1.2502
Previous Weekly High	1.2724
Previous Weekly Low	1.2502
Previous Monthly High	1.2733
Previous Monthly Low	1.2096
Daily Fibonacci 38.2%	1.254
Daily Fibonacci 61.8%	1.2564
Daily Pivot Point S1	1.25
Daily Pivot Point S2	1.2452
Daily Pivot Point S3	1.2401
Daily Pivot Point R1	1.2599
Daily Pivot Point R2	1.265
Daily Pivot Point R3	1.2698

GBP/USD Price Analysis: The key contention level is seen at 1.2500

The GBP/USD pair remains under pressure below the mid-1.2500s during the early European session on Monday. Investors are in a cautious mood ahead of the key events in the US and UK this week. The Federal Open Market Committee (FOMC) rate decision on Wednesday and the Bank of England (BoE) rate decision on Thursday will be in the spotlight this week and could trigger volatility in the market. The major pair currently trades near 1.2539, losing 0.07% on the day. Read More...

Author

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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