Pound Sterling Price News and Forecast: GBP/USD gains ground on US Dollar weakness

FXStreet Team FXStreet

GBP/USD gains ground on US Dollar weakness

Cable trades with gains near the 1.2350 area and benefits from the positive market mood fueled by the announcement on Sunday regarding an agreement on the debt ceiling between US President Joe Biden and Republican House Speaker Kevin McCarthy. While neither country will release relevant economic reports the pace of the session will be dictated by the market assessment of the mentioned agreement. Read More...

GBP/USD reverses part of the recent weakness and revisits 1.2370

Despite the broad-based range bound theme in the global markets, GBP/USD manages to gather further upside impulse and revisit the 1.2370 region on Monday. Read More...

GBP/USD keeps the bearish outlook unchanged – UOB

In the view of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, the negative view around GBP/USD remains intact for the time being. Read More...

GBP/USD

Overview
Today last price	1.2359
Today Daily Change	0.0011
Today Daily Change %	0.09
Today daily open	1.2348

Trends
Daily SMA20	1.249
Daily SMA50	1.2435
Daily SMA100	1.2288
Daily SMA200	1.1978

Levels
Previous Daily High	1.2395
Previous Daily Low	1.2311
Previous Weekly High	1.2472
Previous Weekly Low	1.2308
Previous Monthly High	1.2584
Previous Monthly Low	1.2275
Daily Fibonacci 38.2%	1.2363
Daily Fibonacci 61.8%	1.2343
Daily Pivot Point S1	1.2307
Daily Pivot Point S2	1.2267
Daily Pivot Point S3	1.2223
Daily Pivot Point R1	1.2391
Daily Pivot Point R2	1.2435
Daily Pivot Point R3	1.2476

Author

FXStreet Team

FXStreet

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