Pound Sterling Price News and Forecast: GBP/USD post losses amidst risk aversion, China’s economic woes

FXStreet Team FXStreet

GBP/USD post losses amidst risk aversion, China’s economic woes

GBP/USD retreated after testing the 50-day Moving Average (DMA) but dropped mainly on high US Treasury bond yields and risk aversion spurred by the recent developments surrounding China. Fears that the country with the second largest economy in the world can sharply slow down could weigh on global trade. Hence, the GBP/USD is trading at 1.2741, registering losses of 0.12% at the time of writing. Read More...

Pound Sterling goes south as market mood turns cautious

The Pound Sterling (GBP) fails to maintain auction near a fresh three-day high, as market sentiment turns bearish ahead of S&P Global preliminary PMI data for August and expectations of more interest rate hikes from the Bank of England (BoE) to ensure price stability. Earlier, the GBP/USD pair picks strength as investors hope that the current tightening cycle of the BoE will surpass the tightening peak by the Federal Reserve (Fed). Read More...

GBP/USD: Room for further consolidation – UOB

GBP/USD is still seen navigating within the 1.2640-1.2830 range in the next weeks, according to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group. Read More...

GBP/USD

Overview
Today last price	1.2739
Today Daily Change	-0.0017
Today Daily Change %	-0.13
Today daily open	1.2756

Trends
Daily SMA20	1.2763
Daily SMA50	1.2793
Daily SMA100	1.2632
Daily SMA200	1.2384

Levels
Previous Daily High	1.2767
Previous Daily Low	1.271
Previous Weekly High	1.2788
Previous Weekly Low	1.2617
Previous Monthly High	1.3142
Previous Monthly Low	1.2659
Daily Fibonacci 38.2%	1.2745
Daily Fibonacci 61.8%	1.2732
Daily Pivot Point S1	1.2722
Daily Pivot Point S2	1.2688
Daily Pivot Point S3	1.2666
Daily Pivot Point R1	1.2778
Daily Pivot Point R2	1.2801
Daily Pivot Point R3	1.2835

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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