GBP/USD Forecast: Could UK GDP boost pound?
The GBP/USD pair trades near a daily high of 1.3887, as the market’s good mood boosted demand for the high-yielding pound. The pair started the day on the back foot, trading as low as 1.3802 during the European session, as the greenback strengthened on the back of US stimulus news. Read more...
GBP/USD rallies to 1.3875 region post-US CPI, lacks follow-through
The GBP/USD pair caught some aggressive bids during the early North American session and shot to fresh daily tops, around the 1.3870-75 region in reaction to mixed US inflation figures. The pair found decent support and attracted some dip-buying near the 1.3800 round-figure mark, or over two-week lows touched earlier this Wednesday. The intraday recovery move got an additional boost following the release of the US consumer inflation figures, which prompted some profit-taking around the US dollar. Read more...
|Today last price||1.3867|
|Today Daily Change||0.0027|
|Today Daily Change %||0.20|
|Today daily open||1.384|
|Previous Daily High||1.3873|
|Previous Daily Low||1.3828|
|Previous Weekly High||1.3958|
|Previous Weekly Low||1.3861|
|Previous Monthly High||1.3984|
|Previous Monthly Low||1.3572|
|Daily Fibonacci 38.2%||1.3845|
|Daily Fibonacci 61.8%||1.3855|
|Daily Pivot Point S1||1.3821|
|Daily Pivot Point S2||1.3802|
|Daily Pivot Point S3||1.3776|
|Daily Pivot Point R1||1.3866|
|Daily Pivot Point R2||1.3892|
|Daily Pivot Point R3||1.3911|
GBP/USD Forecast: Pressured ahead of US CPI
The GBP/USD pair nears the 1.3800 level, as the greenback retains its strength. The American currency keeps advancing on the heels of Tuesday’s news, as the US Senate passed the infrastructure bill, now in the House. Fresh financial support hints at steeper growth in the country. Hence, the dollar strengthens alongside Wall Street, with major indexes flirting with record highs. Read more...
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