Pound Sterling Price News and Forecast: GBP/USD dwindles and falls to 1.2320s on US data

FXStreet Team FXStreet

GBP/USD dwindles and falls to 1.2320s on US data, weak UK’s PMI

GBP/USD surrenders 1.2400 and drops towards the 1.2310 regions amid a mixed mood trading session, as US equities fluctuate between gainers/losers. Nevertheless, the American Dollar (USD) is losing traction and edging lower, capping the GBP/USD’s fall. At the time of writing, the GBP/USD is trading at 1.2320 after hitting a high of 1.2413. Read More...

GBP/USD drops to 1.2300 mark amid modest USD recovery from multi-month low

The GBP/USD pair attracts some sellers following an early uptick to the 1.2415 area and turns lower for the second successive day on Tuesday. Spot prices retreat further from the highest level since June 2022 touched on Monday and drop to the 1.2300 round-figure mark, or a four-day low during the first half of the European session. Read More...

GBP/USD: Brexit, UK tax concerns probe bulls above 1.2350, PMIs eyed

GBP/USD grinds near 1.2380-85 as bulls flex muscles ahead of the key UK activity data heading into Tuesday’s London open. Even so, looming concerns over the Brexit and the UK tax, as well as sluggish markets, challenge the Cable pair buyers as of late. Read More...

GBP/USD

Overview
Today last price	1.233
Today Daily Change	-0.0043
Today Daily Change %	-0.35
Today daily open	1.2373

Trends
Daily SMA20	1.2159
Daily SMA50	1.2123
Daily SMA100	1.1732
Daily SMA200	1.1975

Levels
Previous Daily High	1.2448
Previous Daily Low	1.2324
Previous Weekly High	1.2436
Previous Weekly Low	1.2169
Previous Monthly High	1.2447
Previous Monthly Low	1.1992
Daily Fibonacci 38.2%	1.2371
Daily Fibonacci 61.8%	1.2401
Daily Pivot Point S1	1.2315
Daily Pivot Point S2	1.2257
Daily Pivot Point S3	1.2191
Daily Pivot Point R1	1.244
Daily Pivot Point R2	1.2506
Daily Pivot Point R3	1.2564

Author

FXStreet Team

FXStreet

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