Pound Sterling Price News and Forecast: GBP/USD extends backslide for Friday, aimed for 1.21

FXStreet Team FXStreet

GBP/USD extends backslide for Friday, aimed for 1.21

The GBP/USD slipped further on Friday, seeing a mild intraday rebound into 1.2222 before slumping back into fresh lows for the week and tapping 1.2122. With broader markets favoring the US Dollar (USD) on risk aversion sparked by Federal Reserve (Fed) rate fears, the Pound Sterling (GBP) is struggling to find a bid heading into Friday's market close. Read More...

Pound Sterling falls back as Middle East conflicts escalate

The Pound Sterling (GBP) dropped from a two-week high as the United Kingdom’s economic outlook weakened after factory output contracted for the second consecutive month. The GBP/USD pair surrendered the majority of recent gains as data from the US showed inflation remains persistent, denting the risk appetite of market participants. UK’s manufacturing and overall Industrial Production dropped in August as firms cut spending on labor and inventory due to a poor demand outlook. Read More...

GBP/USD hovers around 1.2200 post recent losses on upbeat US data

GBP/USD retraces the recent losses that were registered on Thursday, trading higher around the 1.2200 psychological level. However, the pair faced challenges due to the optimistic economic data from the United States (US). Read More...

GBP/USD

Overview
Today last price	1.2137
Today Daily Change	-0.0038
Today Daily Change %	-0.31
Today daily open	1.2175

Trends
Daily SMA20	1.2234
Daily SMA50	1.2476
Daily SMA100	1.2602
Daily SMA200	1.2444

Levels
Previous Daily High	1.2332
Previous Daily Low	1.2172
Previous Weekly High	1.2262
Previous Weekly Low	1.2037
Previous Monthly High	1.2713
Previous Monthly Low	1.2111
Daily Fibonacci 38.2%	1.2233
Daily Fibonacci 61.8%	1.2271
Daily Pivot Point S1	1.2121
Daily Pivot Point S2	1.2066
Daily Pivot Point S3	1.1961
Daily Pivot Point R1	1.2281
Daily Pivot Point R2	1.2386
Daily Pivot Point R3	1.2441

Author

FXStreet Team

FXStreet

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