Pound Sterling Price News and Forecast: GBP/USD rallies past 1.2800 amid soft US NFP

FXStreet Team FXStreet

GBP/USD rallies past 1.2800 amid soft US NFP

GBP/USD rallied sharply after briefly edging towards its daily low of 1.2725, but soft data from the United States (US) weighed on the US Dollar (USD), opening the door for a GBP late bounce. At the time of writing, the GBP/USD is past the 1.2800 figure, trading at 1.2845, and gains 0.83%. Read More...

Pound Sterling maintains strength despite sticky inflation bites households' pocket

Pound Sterling has jumped to near the round-level resistance of 1.2800 despite the impact of higher interest rates by the Bank of England (BoE) has put a heavy burden on United Kingdom households. The GBP/USD pair has picked immense strength as the United States Nonfarm Payrolls (NFP) have missed expectations. The US economy added 209K fresh jobs in June while the street was anticipating the fresh addition of 225K. Last month, Employment additions were 306K. Read More...

GBP/USD: No changes to the consolidative range – UOB

Further range bound is likely in GBP/USD for the time being, comment UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More...

GBP/USD

Overview
Today last price	1.2838
Today Daily Change	0.0098
Today Daily Change %	0.77
Today daily open	1.274

Trends
Daily SMA20	1.2701
Daily SMA50	1.2569
Daily SMA100	1.2404
Daily SMA200	1.2149

Levels
Previous Daily High	1.2781
Previous Daily Low	1.2674
Previous Weekly High	1.276
Previous Weekly Low	1.2591
Previous Monthly High	1.2848
Previous Monthly Low	1.2369
Daily Fibonacci 38.2%	1.274
Daily Fibonacci 61.8%	1.2715
Daily Pivot Point S1	1.2682
Daily Pivot Point S2	1.2624
Daily Pivot Point S3	1.2575
Daily Pivot Point R1	1.2789
Daily Pivot Point R2	1.2839
Daily Pivot Point R3	1.2897

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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