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Pound Sterling Price News and Forecast: GBP/USD pound sterling advances against US Dollar ahead

GBP/USD Forecast: Buyers could retain control while Pound Sterling holds above 1.2650

GBP/USD gained traction in the American session on Friday and erased a large portion of its weekly losses. The pair clings to small daily gains above 1.2650 in the European morning on Monday.

Following a mixed opening to the day, Wall Street's main indexes gathered bullish momentum and registered strong gains on Friday. In the meantime, the benchmark 10-year US Treasury bond yield retreated to 4.2% ahead of the weekend, making it difficult for the US Dollar (USD) to stay resilient against its rivals. Read more...

GBPUSD

Pound Sterling advances against US Dollar ahead of US data-packed week

The Pound Sterling (GBP) clings to gains, trading around 1.2670 on Monday’s European session as investors price in that the Bank of England (BoE) won’t lower interest rates anytime soon. The United Kingdom’s (UK) inflation rate remains the highest in the Group of Seven economies (G-7), forcing BoE policymakers to hold interest rates in the restrictive territory for a longer period. Read more...

GBPUSD

GBP/USD can push a little higher in the short run to retest the low 1.2700 area – Scotiabank

GBP/USD stretches its upside. Economists at Scotiabank analyze the pair’s outlook.

Solid gains in Cable Friday suggest spot can push a little higher in the short run to retest the low 1.2700 area. But the broader backdrop for the Pound remains somewhat challenged by weak or bearish leaning trend oscillators on the intraday and daily DMI signals. Read more...

GBP/USD

Overview
Today last price1.2668
Today Daily Change0.0012
Today Daily Change %0.09
Today daily open1.2656
 
Trends
Daily SMA201.2624
Daily SMA501.2675
Daily SMA1001.2554
Daily SMA2001.2577
 
Levels
Previous Daily High1.2664
Previous Daily Low1.26
Previous Weekly High1.27
Previous Weekly Low1.26
Previous Monthly High1.2773
Previous Monthly Low1.2518
Daily Fibonacci 38.2%1.264
Daily Fibonacci 61.8%1.2624
Daily Pivot Point S11.2616
Daily Pivot Point S21.2576
Daily Pivot Point S31.2552
Daily Pivot Point R11.268
Daily Pivot Point R21.2704
Daily Pivot Point R31.2744

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