Pound Sterling Price News and Forecast: GBP/USD dives to multi-week lows amid USD strength, eyes on BoE

FXStreet Team FXStreet

GBP/USD dives to multi-week lows amid USD strength, eyes on BoE

The GBP weakened on Tuesday against the USD as the Greenback gained ground against most of its rivals. Ahead of Thursday’s Bank of England (BoE) decision, the weak British made the GBP lose interest while markets await key labour data from the US. Economic data reported on the session from the US came in weak, but the DXY index hold gains above 102.00. Read More...

Pound Sterling falls sharply amid caution ahead of interest rate decision

The Pound Sterling (GBP) delivers a perpendicular fall as investors remain cautious ahead of the interest rate decision by the Bank of England (BoE), which will be announced on Thursday. The GBP/USD pair fails to discover strength as a widely anticipated interest-rate hike by the BoE will deepen recession fears. UK Treasury Advisers already warned that an aggressive rate-tightening cycle would dampen the economic outlook. Read More...

GBP/USD: Extra downside faces support around 1.2720 – UOB

Further selling pressure in GBP/USD is expected to meet a tough support around 1.2720, according to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group. Read More...

GBP/USD

Overview
Today last price	1.2766
Today Daily Change	-0.0069
Today Daily Change %	-0.54
Today daily open	1.2835

Trends
Daily SMA20	1.2896
Daily SMA50	1.2706
Daily SMA100	1.2561
Daily SMA200	1.2294

Levels
Previous Daily High	1.2873
Previous Daily Low	1.2828
Previous Weekly High	1.2996
Previous Weekly Low	1.2763
Previous Monthly High	1.3142
Previous Monthly Low	1.2659
Daily Fibonacci 38.2%	1.2845
Daily Fibonacci 61.8%	1.2856
Daily Pivot Point S1	1.2818
Daily Pivot Point S2	1.2801
Daily Pivot Point S3	1.2774
Daily Pivot Point R1	1.2863
Daily Pivot Point R2	1.289
Daily Pivot Point R3	1.2907

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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