Pound Sterling Price News and Forecast GBP/USD: Could UK GDP boost pound?


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...

GBP/USD

Overview
Today last price 1.3867
Today Daily Change 0.0027
Today Daily Change % 0.20
Today daily open 1.384
 
Trends
Daily SMA20 1.3831
Daily SMA50 1.3907
Daily SMA100 1.3924
Daily SMA200 1.3767
 
Levels
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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