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Pound Sterling Price News and Forecast: GBP/USD holds lower ground near one-week low [Video]

GBP/USD bears attack 1.1400 support on FOMC showdown, BOE’s “Super Thursday” eyed

GBP/USD holds onto post-Fed pessimism as it stays pressured around a seven-day low near 1.1400 during early Thursday morning in Asia. The Cable pair’s latest losses could be linked to the US Federal Reserve’s (Fed) rate action and Chairman Jerome Powell’s surprising press conference.

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GBP/USD

Overview
Today last price1.138
Today Daily Change-0.0104
Today Daily Change %-0.91
Today daily open1.1484
 
Trends
Daily SMA201.1306
Daily SMA501.1368
Daily SMA1001.1723
Daily SMA2001.2346
 
Levels
Previous Daily High1.1566
Previous Daily Low1.1437
Previous Weekly High1.1646
Previous Weekly Low1.1258
Previous Monthly High1.1646
Previous Monthly Low1.0924
Daily Fibonacci 38.2%1.1517
Daily Fibonacci 61.8%1.1487
Daily Pivot Point S11.1425
Daily Pivot Point S21.1367
Daily Pivot Point S31.1296
Daily Pivot Point R11.1554
Daily Pivot Point R21.1625
Daily Pivot Point R31.1683

Gold, GBP/USD consolidate ahead of FOMC meeting [Video]

Markets were mostly consolidating on Wednesday, ahead of the latest Federal Reserve policy meeting. The Federal Open Market Committee (FOMC)is expected to increase interest rates by 75 basis points, despite some calls to pivot policy. GBPUSD slipped to a low of 1.1469 ahead of the rate decision.

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