Pound Sterling Price News and Forecast: GBP/USD looking for a Friday recovery as market sentiment firms up

FXStreet Team FXStreet

GBP/USD looking for a Friday recovery as market sentiment firms up, US Dollar easing back

The GBP/USD is looking to squeeze out some gains before the Friday closing bell, stretching into 1.2170 in the Friday midday. Despite a miss for UK Retail Sales earlier in the day, the Pound Sterling (GBP) is benefiting from a general softening in the US Dollar (USD). Read More...

Pound Sterling sets for a breakdown amid weak UK Retail Sales data

The Pound Sterling (GBP) retreated after the UK Office for National Statistics (ONS) reported weak Retail Sales data for September. UK households have postponed their demand for core goods as higher borrowing costs and stubborn inflation have squeezed their spending power. The GBP/USD pair has been exposed to more downside as declined consumer spending indicates that the overall demand will remain vulnerable, which would force UK firms to scale down their operating capacity further. Read More...

GBP/USD hovers below 1.2150 after retracing recent gains

GBP/USD retreats from the recent gains on risk-off sentiment, trading lower around 1.2130 during the Asian session on Friday. However, the pair faced upward support in the previous session from a weakened US Dollar (USD) following comments by Federal Reserve (Fed) Chairman Jerome Powell. Read More...

GBP/USD

Overview
Today last price	1.2157
Today Daily Change	0.0013
Today Daily Change %	0.11
Today daily open	1.2144

Trends
Daily SMA20	1.2185
Daily SMA50	1.2419
Daily SMA100	1.2589
Daily SMA200	1.2444

Levels
Previous Daily High	1.2192
Previous Daily Low	1.209
Previous Weekly High	1.2337
Previous Weekly Low	1.2123
Previous Monthly High	1.2713
Previous Monthly Low	1.2111
Daily Fibonacci 38.2%	1.2153
Daily Fibonacci 61.8%	1.2129
Daily Pivot Point S1	1.2092
Daily Pivot Point S2	1.204
Daily Pivot Point S3	1.199
Daily Pivot Point R1	1.2194
Daily Pivot Point R2	1.2244
Daily Pivot Point R3	1.2296

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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