Pound Sterling Price News and Forecast: GBP/USD reclaims 1.2200 despite risk aversion as the US Dollar tumbles

FXStreet Team FXStreet

GBP/USD reclaims 1.2200 despite risk aversion as the US Dollar tumbles

The British Pound (GBP) turned positive despite overall risk aversion triggered by China’s exports weakening. Additionally, the latest headlines involving Russian President Vladimir Putin, saying that “the threat of nuclear war is increasing,” bolstered the US Dollar (USD), giving another leg-down to the GBP/USD pair. Nevertheless, the Sterling has recovered, and the GBP/USD is trading at 1.2215, above its opening price, after reaching a high of 1.2226. Read more...

GBP/USD Forecast: Pound Sterling needs to reclaim 1.2200 to attract bulls

GBP/USD has gone into a consolidation phase at around 1.2150 mid-week after having registered modest losses on Monday and Tuesday. In case the pair rises above 1.2200 and starts using that level as support, additional buyers could come into play and open the door for another leg higher. The risk-averse market atmosphere helped the US Dollar outperform its rivals on Tuesday and caused GBP/USD to continue to push lower. Early Wednesday, US stock index futures are little changed on the day and the UK's FTSE 100 Index is moving sideways near Tuesday's closing level, pointing to a neutral market mood. Read more...

GBP/USD climbs to fresh daily high, around 1.2175-80 area amid modest USD weakness

The GBP/USD pair shows some resilience below a technically significant 200-day Simple Moving Average (SMA) and attracts some buyers near the 1.2100 mark on Wednesday. The intraday uptick pushes spot prices to a fresh daily high, around the 1.2175-1.2180 region during the mid-European session, though any meaningful positive move seems elusive. Read more...

GBP/USD

Overview
Today last price	1.2209
Today Daily Change	0.0070
Today Daily Change %	0.58
Today daily open	1.2139

Trends
Daily SMA20	1.1949
Daily SMA50	1.1561
Daily SMA100	1.1659
Daily SMA200	1.2137

Levels
Previous Daily High	1.227
Previous Daily Low	1.2133
Previous Weekly High	1.2311
Previous Weekly Low	1.19
Previous Monthly High	1.2154
Previous Monthly Low	1.1147
Daily Fibonacci 38.2%	1.2185
Daily Fibonacci 61.8%	1.2218
Daily Pivot Point S1	1.2091
Daily Pivot Point S2	1.2044
Daily Pivot Point S3	1.1955
Daily Pivot Point R1	1.2228
Daily Pivot Point R2	1.2317
Daily Pivot Point R3	1.2364

Author

FXStreet Team

FXStreet

EUR/USD recovers above 1.1600 as focus shifts to US NFP

EUR/USD recovers ground above 1.1600 in Friday's European trading. The pair's uptick is sponsored by a profit-taking pullback in the US Dollar, as traders reposition ahead of the critical US Nonfarm Payrolls data. Meanwhile, the Middle East conflict and higher oil prices could keep the recovery in check.

GBP/USD: Pound Sterling ticks up against US Dollar in countdown to US NFP

The Pound Sterling trades marginally higher to near 1.3365 against the US Dollar during the Asian trading session on Friday. The GBP/USD pair edges up as the US Dollar ticks down ahead of the United States Nonfarm Payrolls data for February, which will be published at 13:30 GMT.

Gold advances on increased safe-haven demand

Gold price recovers its recent losses from the previous session. The yellow metal advances as the broader precious metals market rebounds on safe-haven demand. However, the yellow metal is on track for its first weekly decline in five weeks as escalating Middle East tensions push oil prices higher, fueling inflation concerns and reducing bets on Federal Reserve rate cuts.

Bitcoin, Ethereum and Ripple at risk as US-Iran war extends

Bitcoin, Ethereum, and Ripple trade cautiously at press time on Friday, close to key support levels after a roughly 2% pullback the previous day. Bitcoin holds above $71,000, Ethereum at $2,000, and XRP continues to consolidate in a sideways range.

The market compass is pointing at a barrel of Oil

The Asian open is arriving with equities leaning the wrong way, and the reason is not complicated. The market’s compass needle has snapped firmly toward crude. In this tape, oil is not just another input price; it is the gravitational center around which every asset class is orbiting.