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


Share:

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

 

 

 
Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content

Editors’ Picks

EUR/USD bounces back, trades above 1.0860

EUR/USD bounces back, trades above 1.0860

EUR/USD bounced from a fresh weekly low of 1.0827, as the US Dollar lost steam following a weak ISM Manufacturing PMI report and words from Federal Reserve Chair Jerome Powell. Powell reiterated its hawkish message, dismissing potential rate cuts in the near future. 

EUR/USD News

GBP/USD turns north ahead of the weekly close, approaches 1.2700

GBP/USD turns north ahead of the weekly close, approaches 1.2700

GBP/USD extended its rebound from near 1.2600 and is approaching 1.2700 on the back of a weaker US Dollar. The Greenback accelerated to the downside following comments from Fed’s Powell. 

GBP/USD News

Gold resumes advance and approaches record highs

Gold resumes advance and approaches record highs

Gold remains near record highs and achieved its highest monthly close ever in November. Global bond yields continue to decline as inflation further cools, supporting the upside in XAU/USD. With central banks expected to remain on hold, the focus will be US labor market data. 

Gold News

Solana likely to extend gains as DeFi airdrop season could boost user base

Solana likely to extend gains as DeFi airdrop season could boost user base

Solana ecosystem will see airdrops from projects like Jupiter, Marginfi, Drift, Zeta and Jito. Solana users are projected to increase between 30% and 80% from native token launches, according to Messari’s latest report.  SOL price extends rally, yielding nearly 4% daily gains. 

Read more

Tesla Stock News: Cybertruck excitement fails to sustain TSLA price as chart signals more downside

Tesla Stock News: Cybertruck excitement fails to sustain TSLA price as chart signals more downside

TSLA stock sinks three days in a row despite Cybertruck unveiling. Analysts conclude that Cybertruck will find it difficult to turn a profit. TSLA stock is the midst of forming a bearish Three Black Crows pattern on the daily chart.

Read more

Forex MAJORS

Cryptocurrencies

Signatures