Pound Sterling Price News and Forecast: GBP/USD drops amid strong US Dollar

FXStreet Team FXStreet

GBP/USD drops amid strong US Dollar, lower rate hike BoE’s expectations

GBP/USD continued to drop late in the North American session following upbeat data in the United Kingdom (UK), but the market turned south as news emerging from Japan strengthened the greenback, which appreciated against most G7 currencies. The GBP/USD trades at 1.2851, losing 0012%, after hitting a daily high of 1.2904. Read More...

Pound Sterling rebounds swiftly as upbeat Retail Sales offset inflation softening

The Pound Sterling (GBP) delivers a solid recovery near 1.2820 as the United Kingdom Retail Sales data turned out more resilient than expected. The GBP/USD pair rebounds swiftly as consumer spending growth expanded strongly in June. Monthly Retail Sales in June expanded by 0.7% vs. expectations of 0.2%. Annual consumer spending data contracted by 1.0% against the consensus of -1.5%. Read More...

GBP/USD faces strong support around 1.2780 – UOB

While extra downside in GBP/USD remains on the cards, there is a strong support around 1.2780 according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More...

GBP/USD

Overview
Today last price	1.286
Today Daily Change	-0.0007
Today Daily Change %	-0.05
Today daily open	1.2867

Trends
Daily SMA20	1.2837
Daily SMA50	1.265
Daily SMA100	1.25
Daily SMA200	1.2238

Levels
Previous Daily High	1.2965
Previous Daily Low	1.284
Previous Weekly High	1.3142
Previous Weekly Low	1.275
Previous Monthly High	1.2848
Previous Monthly Low	1.2369
Daily Fibonacci 38.2%	1.2888
Daily Fibonacci 61.8%	1.2917
Daily Pivot Point S1	1.2817
Daily Pivot Point S2	1.2766
Daily Pivot Point S3	1.2692
Daily Pivot Point R1	1.2941
Daily Pivot Point R2	1.3015
Daily Pivot Point R3	1.3066

Author

FXStreet Team

FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

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Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

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