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.

GBP/USD slides below 1.3250 after failing to break through 23.6% Fibo

The GBP/USD pair meets with a fresh supply during the Asian session on Wednesday and moves away from a nearly two-week high around the 1.3275 region, touched the previous day. Spot prices currently trade around the 1.3235 zone, down 0.20% for the day, as traders look to speeches from Bank of England Governor Andrew Bailey and Federal Reserve Chair Kevin Warsh for a fresh impetus.

EUR/USD stays offered, breaks below 1.1400…again

EUR/USD adds to Tuesday’s slight losses and drops below the 1.1400 yardstick in the latter part of Wednesday’s NA session. The pair’s decline comes in response to the persistent recovery in the US Dollar, which seems to have met extra support following the cautious tone from Fed’s Warsh in his comments at the ECB Forum.

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A preview of NFP

The number is of much greater importance than usual as the Fed moves away from a forecasting framework and towards a current-data / rebuilding-credibility framework.

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Just like Fed, is BoJ’s independence under threat?

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