Pound Sterling Price News and Forecast: GBP/USD falters on mixed BoE signals, higher US bond yields

FXStreet Team FXStreet

GBP/USD falters on mixed BoE signals, higher US bond yields

The British Pound (GBP) extended its losses against the US Dollar (USD), and for the fourth straight day, fell 0.25% after the pair hit a daily high of 1.2308. Nevertheless, dovish remarks by the Bank of England’s (BoE) Chief Economist Huw Pill on Tuesday, weakened the Pound due to rate cut speculations. The GBP/USD trades at 1.2249. Read More...

Pound Sterling skates on thin ice ahead of UK's Q3 GDP data

The Pound Sterling (GBP) is stuck in a tight range as investors seem unwilling to build fresh positions ahead of the release of the UK Q3 Gross Domestic Product (GDP) data, published on Friday at 07:00 GMT. The GBP/USD pair remains on tenterhooks as the Q3 GDP report will shape December’s monetary policy outlook of the Bank of England (BoE). Read More...

GBP/USD now seen within the 1.2180-1.2400 range – UOB

Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group expect GBP/USD to move within a consolidative range in the next few weeks. Read More...

GBP/USD

Overview
Today last price	1.2252
Today Daily Change	-0.0036
Today Daily Change %	-0.29
Today daily open	1.2288

Trends
Daily SMA20	1.2196
Daily SMA50	1.2284
Daily SMA100	1.2533
Daily SMA200	1.2435

Levels
Previous Daily High	1.2302
Previous Daily Low	1.2242
Previous Weekly High	1.239
Previous Weekly Low	1.209
Previous Monthly High	1.2337
Previous Monthly Low	1.2037
Daily Fibonacci 38.2%	1.2265
Daily Fibonacci 61.8%	1.2279
Daily Pivot Point S1	1.2253
Daily Pivot Point S2	1.2217
Daily Pivot Point S3	1.2192
Daily Pivot Point R1	1.2313
Daily Pivot Point R2	1.2338
Daily Pivot Point R3	1.2374

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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