Pound Sterling Price News and Forecast: GBP/USD floundering near 1.2650 as markets focus on US data

FXStreet Team FXStreet

GBP/USD floundering near 1.2650 as markets focus on US data

The GBP/USD is cycling near 1.2650, holding steady despite a lack of recovery from Tuesday’s sharp decline. Broader markets are largely focused on US data on Wednesday, with the US ISM Manufacturing Purchasing Managers’ Index (PMI) leading the charge. Read More...

Pound Sterling remains vulnerable on dismal market mood

The Pound Sterling (GBP) searches for a potential cushion after Tuesday’s intense breakdown. The GBP/USD pair was beaten down after investors reconsidered the positive sentiment underpinning the rally in risk-sensitive assets. In addition to that, deepening recession fears and a vulnerable manufacturing sector in the United Kingdom economy have dampened appeal for the Pound Sterling. Read More...

GBP/USD trades higher near 1.2630 amid weaker UK Business Confidence, US data eyed

GBP/USD rebounds after posting losses at the previous three successive sessions amid a stable US Dollar (USD). The GBP/USD pair trades higher near 1.2630 during the Asian session on Wednesday. The USD could face downward pressure again on the moderate comments by the International Monetary Fund (IMF) Managing Director Kristalina Georgieva. Read More...

GBP/USD

Overview
Today last price	1.2642
Today Daily Change	0.0024
Today Daily Change %	0.19
Today daily open	1.2618

Trends
Daily SMA20	1.2667
Daily SMA50	1.2509
Daily SMA100	1.2449
Daily SMA200	1.2533

Levels
Previous Daily High	1.276
Previous Daily Low	1.2611
Previous Weekly High	1.2828
Previous Weekly Low	1.2685
Previous Monthly High	1.2828
Previous Monthly Low	1.2501
Daily Fibonacci 38.2%	1.2668
Daily Fibonacci 61.8%	1.2703
Daily Pivot Point S1	1.2566
Daily Pivot Point S2	1.2514
Daily Pivot Point S3	1.2417
Daily Pivot Point R1	1.2715
Daily Pivot Point R2	1.2812
Daily Pivot Point R3	1.2864

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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