Pound Sterling Price News and Forecast: GBP/USD rallies toward 1.2700, bulls’ target YTD high

FXStreet Team FXStreet

GBP/USD Price Analysis: Rallies toward 1.2700, bulls’ target YTD high

The British Pound registers gains of 0.21% against the US Dollar, although higher US Treasury yields failed to underpin the Greenback. At the time of writing, the GBP/USD pair trades at 1.2703 after bouncing off a daily low of 1.2644. Read More...

Pound Sterling clings to gains near 1.2700 although US Dollar stabilizes

The Pound Sterling (GBP) turns sideways in Friday’s American session after posting a fresh monthly high at 1.2700 on Thursday. The GBP/USD pair struggles to extend upside as investors shift focus to the United Kingdom Consumer Price Index (CPI) data for April, which will be published on Wednesday. Read More...

GBP/USD posts modest gains above 1.2650, focus on the Fedspeak

The GBP/USD pair posts modest gains near 1.2670 during the early Asian session on Friday. Meanwhile, the USD Index (DXY) recovers some lost ground after retracing to multi-week lows near 104.00 in the previous session. The Federal Reserve (Fed) sticks to cautious tones regarding inflation and the chance of rate cuts this year. Investors will take more cues from the Fed’s Kashkari, Waller, and Daly speeches later in the day. Read More...

GBP/USD

Overview
Today last price	1.2699
Today Daily Change	0.0029
Today Daily Change %	0.23
Today daily open	1.267

Trends
Daily SMA20	1.2522
Daily SMA50	1.2591
Daily SMA100	1.2632
Daily SMA200	1.2541

Levels
Previous Daily High	1.2701
Previous Daily Low	1.2644
Previous Weekly High	1.2594
Previous Weekly Low	1.2446
Previous Monthly High	1.2709
Previous Monthly Low	1.23
Daily Fibonacci 38.2%	1.2665
Daily Fibonacci 61.8%	1.2679
Daily Pivot Point S1	1.2642
Daily Pivot Point S2	1.2614
Daily Pivot Point S3	1.2584
Daily Pivot Point R1	1.2699
Daily Pivot Point R2	1.2729
Daily Pivot Point R3	1.2757

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.

GBP/USD loses momentum, flirts with 1.3200

GBP/USD is struggling to maintain its positive bias on Thursday, retreating toward the 1.3200 region in response to the pick in the buying interest around the Greenback. That said, Cable remains under scrutiny as cautious market sentiment keeps investors focused on the US-Iran conflict and political effervescence in the UK.

EUR/USD trims gains, challenges 1.1400

EUR/USD now gives away part of its earlier advance, receding toward the 1.1400 contention zone on Thursday. Meanwhile, the pair’s recovery comes amid extra losses in the US Dollar, at the time when while investors continue to monitor developments in the Middle East and sentiment surrounding global technology stocks.

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