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Pound Sterling Price News and Forecast: GBP/USD holding above 1.2700

Pound Sterling Price News and Forecast: GBP/USD holding above 1.2700
FXStreet TeamFXStreet TeamFXStreet

GBP/USD holding above 1.2700 after US PCE inflation keeps rate cut hopes pinned to the ceiling

The GBP/USD is on the high side amidst some rough chop in the US market session, holding above the 1.2700 handle the pair reclaimed during the European trading window after the UK reported better-than-expected Retail Sales in November. Read More...

Pound Sterling eyes more upside on upbeat UK Retail Sales, soft US core PCE data

The Pound Sterling (GBP) extends its recovery on Friday, supported by upbeat UK Retail Sales data for November. The Office for National Statistics (ONS) reported that households’ retail spending surprisingly remained positive compared with the previous year, while market participants projected a sharp decline. Strong Retail Sales were boosted by a 2.8% increase in non-food retail stores as major discounts were offered amid the Black Friday Sale. Read More...

GBP/USD

Overview
Today last price1.2722
Today Daily Change0.0034
Today Daily Change %0.27
Today daily open1.2688
 
Trends
Daily SMA201.2638
Daily SMA501.2422
Daily SMA1001.2449
Daily SMA2001.2514
 
Levels
Previous Daily High1.2696
Previous Daily Low1.2612
Previous Weekly High1.2794
Previous Weekly Low1.2501
Previous Monthly High1.2733
Previous Monthly Low1.2096
Daily Fibonacci 38.2%1.2664
Daily Fibonacci 61.8%1.2644
Daily Pivot Point S11.2635
Daily Pivot Point S21.2582
Daily Pivot Point S31.2551
Daily Pivot Point R11.2718
Daily Pivot Point R21.2749
Daily Pivot Point R31.2802

GBP/USD Price Analysis: The immediate upside barrier is seen at 1.2740

The GBP/USD pair struggles to gain ground during the early European session on Friday. The major pair remains capped below the 1.2700 psychological mark ahead of the top-tier economic data from both the United Kingdom (UK) and the United States (US). At press time, GBP/USD is trading at 1.2682, down 0.04% on the day. 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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