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Pound Sterling Price News and Forecast: GBP/USD gains on weak US retail data, despite UK recession fears

GBP/USD gains on weak US retail data, despite UK recession fears

The Pound Sterling (GBP) climbed during the North American session following a soft retail sales report that lifted the major from a crucial technical level. Consequently, the Greenback (USD) is on the defensive as the GBP/USD trades at 1.2586, up 0.17%, after jumping off a daily low of 1.2541. Read More...

Pound Sterling recovers losses as weak US Retail Sales improve market sentiment

The Pound Sterling (GBP) rebounds from the day's low as downbeat United States Retail Sales data for January has improved market sentiment. The US Census Bureau has reported that Retail Sales contracted significantly by 0.8% against the consensus of a moderate decline of 0.1%. In December, the economic data was expanded by 0.6%. The US Dollar Index (DXY) falls vertically to 104.30. Read More...

GBP/USD remains on the defensive above 1.2550 ahead of UK GDP, US Retail Sales data

The GBP/USD pair remains on the defensive above the mid-1.2500s during the early Asian trading hours on Thursday. The pair bounces off the low of 1.2535, but the upside is likely to be limited, backed by the softer UK inflation data. Investors will shift their attention to the UK GDP growth numbers for the fourth quarter (Q4), due on Thursday. At press time, the major pair is trading at 1.2568, gaining 0.03% on the day. Read More...

GBP/USD

Overview
Today last price1.2598
Today Daily Change0.0034
Today Daily Change %0.27
Today daily open1.2564
 
Trends
Daily SMA201.2659
Daily SMA501.2675
Daily SMA1001.25
Daily SMA2001.2564
 
Levels
Previous Daily High1.2611
Previous Daily Low1.2536
Previous Weekly High1.2643
Previous Weekly Low1.2518
Previous Monthly High1.2786
Previous Monthly Low1.2597
Daily Fibonacci 38.2%1.2565
Daily Fibonacci 61.8%1.2582
Daily Pivot Point S11.2529
Daily Pivot Point S21.2495
Daily Pivot Point S31.2454
Daily Pivot Point R11.2605
Daily Pivot Point R21.2646
Daily Pivot Point R31.268
 

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