Pound Sterling Price News and Forecast: GBP/USD plunges but stays afloat above 1.2900

FXStreet Team FXStreet

GBP/USD plunges but stays afloat above 1.2900 amid cooling inflation in the UK

GBP/USD plunged after the release of inflation figures in the United Kingdom (UK), extending its losses during the North American session, briefly touching the 20-day EMA below the 1.2900 figure. Still, soft US economic data triggered a recovery above the latter. The GBP/USD trades at 1.2914, losses 0.93%. Read More...

Pound Sterling continues declining trend as UK inflation loses stickiness

The Pound Sterling (GBP) attracts significant offers as the United Kingdom’s June inflation report has turned out much softer than expected. The GBP/USD pair slipped swiftly below the psychological support of 1.3000 after the data release, and it is expected to deliver more weakness. The monthly headline Consumer Price Index (CPI) expanded at a negligible pace of 0.1% in June as households and firms face the burden of higher interest rates from the Bank of England (BoE). Read More...

GBP/USD: Recent strength could end below 1.3000 – UOB

The upside momentum in GBP/USD is expected to mitigate below the 1.3000 yardsticks, suggest Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More...

GBP/USD

Overview
Today last price	1.293
Today Daily Change	-0.0106
Today Daily Change %	-0.81
Today daily open	1.3036

Trends
Daily SMA20	1.2823
Daily SMA50	1.2637
Daily SMA100	1.2481
Daily SMA200	1.2221

Levels
Previous Daily High	1.3126
Previous Daily Low	1.3028
Previous Weekly High	1.3142
Previous Weekly Low	1.275
Previous Monthly High	1.2848
Previous Monthly Low	1.2369
Daily Fibonacci 38.2%	1.3066
Daily Fibonacci 61.8%	1.3089
Daily Pivot Point S1	1.3001
Daily Pivot Point S2	1.2966
Daily Pivot Point S3	1.2903
Daily Pivot Point R1	1.3099
Daily Pivot Point R2	1.3161
Daily Pivot Point R3	1.3196

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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