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

FXStreet Team FXStreet

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.

GBP/USD

Overview
Today last price	1.138
Today Daily Change	-0.0104
Today Daily Change %	-0.91
Today daily open	1.1484

Trends
Daily SMA20	1.1306
Daily SMA50	1.1368
Daily SMA100	1.1723
Daily SMA200	1.2346

Levels
Previous Daily High	1.1566
Previous Daily Low	1.1437
Previous Weekly High	1.1646
Previous Weekly Low	1.1258
Previous Monthly High	1.1646
Previous Monthly Low	1.0924
Daily Fibonacci 38.2%	1.1517
Daily Fibonacci 61.8%	1.1487
Daily Pivot Point S1	1.1425
Daily Pivot Point S2	1.1367
Daily Pivot Point S3	1.1296
Daily Pivot Point R1	1.1554
Daily Pivot Point R2	1.1625
Daily Pivot Point R3	1.1683

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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