Pound Sterling Price News and Forecast: GBP/USD rallies amidst Greenback weakness on upbeat market mood

FXStreet Team FXStreet

GBP/USD rallies amidst Greenback weakness on upbeat market mood

The Pound Sterling (GBP) rallies against the US Dollar (USD) even though the latest round of UK economic data didn’t support the advance of Sterling, but overall weakness on the Greenback keeps most G8 FX currencies underpinned. The GBP/USD is trading at 1.2135 after sliding to a daily low of 1.2037 earlier in the European session. Read More...

Pound Sterling eyes stability above 1.21 as US Dollar turns volatile

The Pound Sterling (GBP) attracts bids amid a correction in the US Dollar after weaker-than-anticipated US ADP Employment Change data and a rebound in the UK's Services PMI data. S&P Global reported UK Services PMI at 49.3, higher than expectations and the former release of 47.2. The economic data failed to capture the 50.0 threshold for the second time in a row but managed to improve the appeal for the Pound Sterling. Read More...

GBP/USD could see 1.2000 revisited in the near term – UOB

Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group note GBP/USD could slip back to the 1.2000 region in the short-term horizon. Read More...

GBP/USD

Overview
Today last price	1.2138
Today Daily Change	0.0061
Today Daily Change %	0.51
Today daily open	1.2077

Trends
Daily SMA20	1.2323
Daily SMA50	1.2557
Daily SMA100	1.2615
Daily SMA200	1.2437

Levels
Previous Daily High	1.2102
Previous Daily Low	1.2052
Previous Weekly High	1.2272
Previous Weekly Low	1.2111
Previous Monthly High	1.2713
Previous Monthly Low	1.2111
Daily Fibonacci 38.2%	1.2071
Daily Fibonacci 61.8%	1.2083
Daily Pivot Point S1	1.2052
Daily Pivot Point S2	1.2028
Daily Pivot Point S3	1.2003
Daily Pivot Point R1	1.2102
Daily Pivot Point R2	1.2127
Daily Pivot Point R3	1.2151

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.

AUD/USD holds rebound near 0.6900 on US-China trade optimism

AUD/USD holds the rebound near 0.6900 in the Asian session on Monday. Mixed China's inflation data for October fails to provide any inspiration to the Chinese proxy, the Australian Dollar, but China's extension of the suspension of 24% tariffs on US goods and reduced US-Iran tensions help the Aussie pair cling to recovery gains.

USD/JPY retreat in sync with USD, appraches 158.00

USD/JPY is back in the red at the start of the week on Monday, eyeing the broad US Dollar retreat amid easing US-Iran tensions. Traders also resorting to profit-taking following the blockbuster US Nonfarm Payrolls data-led rally. US CPI report is next in focus.

Gold climbs to two-day highs past $4,100

Gold resumes its recovery and surpasses the $4,100 mark per troy ounce at the beginning of the week. The yellow metal’s solid performance comes amid fresh downside pressure on the US Dollar, shrinking US Treasury yields and a marked retracement in crude oil prices.

Crypto Today: Bitcoin, Ethereum, and Ripple extend downtrend as selling pressure mounts

Major cryptocurrencies, including Bitcoin, Ethereum, and Ripple, maintain a broadly corrective tone, extending losses from the previous week. Risk-off sentiment builds in the crypto market following last week’s correction linked to Democrats sweeping the US midterms.

Two Huangs don’t make a right: Nvidia CEO caught in scandal – NVDA slides

Nvidia CEO Jensen Huang sent employees an apology for being unfaithful to his wife, following reports that he may have been targeted in a foreign intelligence operation. Why is Nvidia trading roughly 5–6% below Friday’s close in the overnight market? And – more importantly – does this actually matter to the AI trade?

Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds

Gold (XAU/USD) starts the week on a positive note, reclaiming the $4,100 psychological level as the US Dollar (USD) retreats from its recent highs. The precious metal recovers from Friday's losses, although investors remain cautious ahead of Tuesday's US Consumer Price Index (CPI) report, which could determine the next direction for Bullion.