Pound Sterling Price News and Forecast: GBP/USD holds below 1.2600 ahead of US NFP data

FXStreet Team FXStreet

GBP/USD holds below 1.2600 ahead of US NFP data

The GBP/USD pair consolidates in a narrow range of 1.2583–1.2600 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the highly anticipated US Nonfarm Payrolls report. At press time, the major pair is trading at 1.2586, down 0.02% on the day. Read More...

GBP/USD three-day downtrend stalls, as bulls eye 1.2600 amid speculations of Fed easing policy

The GBP/USD capped its three-day decline, rose from weekly lows reached at around 1.2544, and exchanges hands near the 1.2600 figure, posting modest gains of 0.23% late in the North American session. Read More...

GBP/USD recovery attempts remain capped below 1.2600 so far

The Pound’s is trying to regain some ground in early European session after bouncing from session lows at 1.2540 although 1.2600 seems a tough resistance area. Read More...

GBP/USD

Overview
Today last price	1.2592
Today Daily Change	0.0002
Today Daily Change %	0.02
Today daily open	1.259

Trends
Daily SMA20	1.2534
Daily SMA50	1.2332
Daily SMA100	1.2467
Daily SMA200	1.2483

Levels
Previous Daily High	1.2613
Previous Daily Low	1.2544
Previous Weekly High	1.2733
Previous Weekly Low	1.2591
Previous Monthly High	1.2733
Previous Monthly Low	1.2096
Daily Fibonacci 38.2%	1.2587
Daily Fibonacci 61.8%	1.257
Daily Pivot Point S1	1.2552
Daily Pivot Point S2	1.2514
Daily Pivot Point S3	1.2483
Daily Pivot Point R1	1.262
Daily Pivot Point R2	1.2651
Daily Pivot Point R3	1.2689

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.

GBP/USD recedes from tops around 1.3450

GBP/USD holds on to moderate gains above 1.3400 the figure on Friday. Optimism surrounding the UK government’s leadership transition and expectations of further BoE tightening support the British Pound, while easing tensions in the Middle East and fading Fed rate-hike expectations weigh on the US Dollar.

EUR/USD flirts with daily lows near 1.1420

EUR/USD struggles to build on Thursday's gains and trades with marginal losses near 1.1420 at the end of the week. With no major economic data due, lingering uncertainty over the US-Iran conflict keeps investors cautious, limiting the pair's upside.

Gold resumes the downside, hovers around $4,100

Gold struggles to extend Thursday’s rebound and trades in a narrow range around the $4,100 yardstick per troy ounce on Friday. Uncertainty surrounding the Middle East conflict limits the precious metal’s upside, which is also under pressure amid rising US Treasury yields across the curve.

Week ahead – US CPI and Warsh testimony to take centre stage, BoC eyed too

US inflation report and Warsh testimony to headline the week. Dollar to dominate amid slew of other US data and Mideast tensions. Amid fresh Iran escalation, China GDP to shed light on Q2 impact. Bank of Canada not expected to follow RBNZ with rate hike.

Five sessions, one round trip: Why the whipsaw is exactly what Warsh ordered

Markets opened July with a December hike as the base case and spent five trading sessions unlearning and relearning it. A 57K payrolls print bled the tightening bets out of the strip; a re-shut Strait of Hormuz is pushing them back in. Wednesday's minutes from the June Federal Open Market Committee meeting landed mid-round-trip, describing a world that had already stopped existing.

Five sessions, one round trip: Why the whipsaw is exactly what Warsh ordered

Markets opened July with a December hike as the base case and spent five trading sessions unlearning and relearning it. A 57K payrolls print bled the tightening bets out of the strip; a re-shut Strait of Hormuz is pushing them back in. Wednesday's minutes from the June FOMC meeting landed mid-round-trip, describing a world that had already stopped existing.