Pound Sterling Price News and Forecast: GBP/USD dips below 1.2200 amid UK wage deceleration

FXStreet Team FXStreet

GBP/USD dips below 1.2200 amid UK wage deceleration, strong US Retail Sales

The Pound Sterling (GBP) remains on the defensive vs. the US Dollar (USD) after data from the United Kingdom showed wages are decelerating. That and a solid Retail Sales report in the United States (US) weighed on Sterling. Therefore, the GBP/USD dipped below 1.2200, a loss of 0.25%. Read More...

Pound Sterling rebounds as market sentiment improves

The Pound Sterling (GBP) rebounded as investors digested the soft wage data, which dampened the outlook for consumer spending and increased the chances of another pause by the Bank of England (BoE) at its November monetary policy meeting. The GBP/USD pair remains on the back foot after stronger-than-expected US Retail Sales data added to evidence of strength in the US economy, lifting the US Dollar (USD) and weighing on the pair. Read More...

GBP/USD aims to recover from losses near 1.2200, focus on UK CPI

GBP/USD retraces the recent gains registered in the previous session, trading lower around 1.2200 during the Asian session on Tuesday. The pair moves in consolidation possibly due to the market indecision about the trajectory of the US Federal Reserve's (Fed) monetary policy. Read More...

GBP/USD

Overview
Today last price	1.2188
Today Daily Change	-0.0024
Today Daily Change %	-0.20
Today daily open	1.2212

Trends
Daily SMA20	1.2214
Daily SMA50	1.2453
Daily SMA100	1.2599
Daily SMA200	1.2444

Levels
Previous Daily High	1.222
Previous Daily Low	1.2137
Previous Weekly High	1.2337
Previous Weekly Low	1.2123
Previous Monthly High	1.2713
Previous Monthly Low	1.2111
Daily Fibonacci 38.2%	1.2188
Daily Fibonacci 61.8%	1.2169
Daily Pivot Point S1	1.216
Daily Pivot Point S2	1.2107
Daily Pivot Point S3	1.2077
Daily Pivot Point R1	1.2242
Daily Pivot Point R2	1.2272
Daily Pivot Point R3	1.2324

Author

FXStreet Team

FXStreet

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