Pound Sterling Price News and Forecast: GBP/USD holds steady post solid US jobs data, amid risk-on mood

FXStreet Team FXStreet

GBP/USD holds steady post solid US jobs data, amid risk-on mood

The Pound Sterling (GBP) stayed firm against the US Dollar (USD) on Thursday, courtesy of a hot inflation report on Wednesday, coughing traders by surprise, which trimmed bets the Bank of England (BoE) would ease policy as they initially expected. The GBP/USD trades at 1.2684, up 0.09%. Read More...

GBP/USD

Overview
Today last price	1.2694
Today Daily Change	0.0009
Today Daily Change %	0.07
Today daily open	1.2685

Trends
Daily SMA20	1.2713
Daily SMA50	1.2618
Daily SMA100	1.2451
Daily SMA200	1.2549

Levels
Previous Daily High	1.2696
Previous Daily Low	1.2597
Previous Weekly High	1.2786
Previous Weekly Low	1.2674
Previous Monthly High	1.2828
Previous Monthly Low	1.2501
Daily Fibonacci 38.2%	1.2658
Daily Fibonacci 61.8%	1.2635
Daily Pivot Point S1	1.2622
Daily Pivot Point S2	1.256
Daily Pivot Point S3	1.2522
Daily Pivot Point R1	1.2722
Daily Pivot Point R2	1.2759
Daily Pivot Point R3	1.2822

Pound Sterling turns subdued as focus shifts to UK Retail Sales data

The Pound Sterling (GBP) grinds between risk-off market mood and stubbornly high UK Consumer Price Index (CPI) data for December. High UK inflation data has pushed back expectations of early rate cuts by the Bank of England (BoE). The GBP/USD pair is expected to witness more upside as investors hope that the Federal Reserve (Fed) will start reducing interest rates earlier than the BoE. Read More...

GBP/USD Price Analysis: Holds below 1.2700, Bear cross eyed

The GBP/USD pair gains ground below the 1.2700 barrier during the early European session on Thursday. The major pair trades in positive territory for the second consecutive day as traders slashed their bets on an early interest rate cut by the Bank of England (BoE). GBP/USD currently trades near 1.2682, down 0.01% on the day. Read More...

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.

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