Pound Sterling Price News and Forecast: GBP/USD extending declines, trying to find a floor near 1.21

FXStreet Team FXStreet

GBP/USD extending declines, trying to find a floor near 1.21

The GBP/USD continues to slip around below the 1.2160 cap on Wednesday trading, dipping to a session low of 1.2110 as selling pressure looks to crack the 1.2100 handle heading into the latter half of the trading week. Read More...

Pound Sterling weakens amid deepening recession risks

The Pound Sterling (GBP) extends its five-day losing spell as investors foresee the United Kingdom economy shifting into a recession due to deteriorating labor market conditions and a poor demand outlook. The GBP/USD pair is expected to deliver more losses as a pause in the rate-tightening cycle by the Bank of England (BoE) would elevate consumer inflation expectations. Read More...

GBP/USD now looks at 1.2100 – UOB

Extra weakness could drag GBP/USD to the 1.2100 region in the next few weeks, note UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Read More...

GBP/USD

Overview
Today last price	1.2139
Today Daily Change	-0.0020
Today Daily Change %	-0.16
Today daily open	1.2159

Trends
Daily SMA20	1.2447
Daily SMA50	1.2631
Daily SMA100	1.2634
Daily SMA200	1.2434

Levels
Previous Daily High	1.2216
Previous Daily Low	1.2153
Previous Weekly High	1.2425
Previous Weekly Low	1.2231
Previous Monthly High	1.2841
Previous Monthly Low	1.2548
Daily Fibonacci 38.2%	1.2177
Daily Fibonacci 61.8%	1.2192
Daily Pivot Point S1	1.2136
Daily Pivot Point S2	1.2113
Daily Pivot Point S3	1.2073
Daily Pivot Point R1	1.2199
Daily Pivot Point R2	1.2238
Daily Pivot Point R3	1.2261

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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