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Pound Sterling Price News and Forecast: GBP/USD falls to new four-day lows

Pound Sterling Price News and Forecast: GBP/USD falls to new four-day lows
FXStreet TeamFXStreet TeamFXStreet

GBP/USD falls to new four-day lows on a soft US jobs report as the US Dollar climbs

GBP/USD tumbles on a worse-than-expected US Nonfarm Payrolls report, with the US economy adding fewer jobs than analysts’ consensus. However, the initial reaction favored the US Dollar (USD). At the time of writing, the GBP/USD trades volatile around the 1.2450-1.2370 range, below its opening price. Read More...
GBP/USD Hourly chart

GBP/USD clings to mild gains around mid-1.2400s amid BoE vs. Fed talks ahead of US NFP

GBP/USD seesaws around 1.2155-60 while printing the first daily gains in three amid early Good Friday morning in London. In doing so, the Cable pair cheers hawkish hopes from the Bank of England (BoE) while also portraying the cautious mood ahead of the key US Nonfarm Payrolls (NFP). Read More...

GBP/USD

Overview
Today last price1.2418
Today Daily Change-0.0022
Today Daily Change %-0.18
Today daily open1.244
 
Trends
Daily SMA201.2274
Daily SMA501.2155
Daily SMA1001.2154
Daily SMA2001.1901
 
Levels
Previous Daily High1.2487
Previous Daily Low1.2413
Previous Weekly High1.2424
Previous Weekly Low1.2219
Previous Monthly High1.2424
Previous Monthly Low1.1803
Daily Fibonacci 38.2%1.2441
Daily Fibonacci 61.8%1.2459
Daily Pivot Point S11.2406
Daily Pivot Point S21.2372
Daily Pivot Point S31.2332
Daily Pivot Point R11.248
Daily Pivot Point R21.2521
Daily Pivot Point R31.2554

GBP/USD Price Analysis: Retreats towards 1.2400 within bullish channel as US NFP looms

GBP/USD drops to 1.2430 as it extends the two-day downtrend to a sluggish Asian session on Good Friday. In doing so, the Cable pair pares the weekly losses, the fourth consecutive one, while easing from the top line of a one-month-old ascending trend channel. Read More...

Author

FXStreet Team

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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GBP/USD hovers around daily lows near 1.3450

GBP/USD hovers around daily lows near 1.3450

GBP/USD trades with decent losses on Thursday, revisiting the 1.3450 zone. Cable’s resumption of the selling interest comes after two daily advances in a row and follows the improved sentiment around the Greenback amid fresh concerns in the Middle East.

EUR/USD slips back to two-day lows near 1.1510

EUR/USD slips back to two-day lows near 1.1510

EUR/USD faces some renewed downside pressure and retests the low 1.1500s in the latter part of Thursday’s NA session. The move lower in spot comes after two daily advances in a row and follows the fresh bid bias in the US Dollar amid the re-emergence of some effervescence in the Middle East. Moving forward, US NFP data will take centre stage on Friday.

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