Pound Sterling Price News and Forecast: GBP/USD dips as UK inflation lower than expected

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling remains fragile after UK inflation data

GBP/USD trades in negative territory near 1.2700 in the European session on Wednesday as markets assess inflation data from the UK. The near-term technical outlook points to a buildup of bearish momentum as market focus shifts to the Federal Reserve's (Fed) policy announcements. Read more...

GBP/USD dips as UK inflation lower than expected

The British pound has extended its losses on Wednesday. In the European session, GBP/USD is trading at 1.2695, down 0.21%. The pound has been on a slide and is down about 1.2% since March 13. Read more...

GBP/USD: Support at or near Tuesday’s 1.2668 low should be firm – Scotiabank

GBP/USD slips but losses are limited despite weaker-than-expected UK CPI. Economists at Scotiabank analyze the pair’s outlook. Read more...

GBP/USD

Overview
Today last price	1.269
Today Daily Change	-0.0031
Today Daily Change %	-0.24
Today daily open	1.2721

Trends
Daily SMA20	1.272
Daily SMA50	1.2686
Daily SMA100	1.2626
Daily SMA200	1.2594

Levels
Previous Daily High	1.2733
Previous Daily Low	1.2668
Previous Weekly High	1.2865
Previous Weekly Low	1.2725
Previous Monthly High	1.2773
Previous Monthly Low	1.2518
Daily Fibonacci 38.2%	1.2693
Daily Fibonacci 61.8%	1.2708
Daily Pivot Point S1	1.2682
Daily Pivot Point S2	1.2642
Daily Pivot Point S3	1.2616
Daily Pivot Point R1	1.2747
Daily Pivot Point R2	1.2773
Daily Pivot Point R3	1.2813

Author

FXStreet Team

FXStreet

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