Pound Sterling Price News and Forecast: GBP/USD remains comfortable above 1.2600

FXStreet Team FXStreet

Pound Sterling rebounds while US Dollar comes under pressure ahead of FOMC minutes

The Pound Sterling (GBP) eyes recovery in Wednesday’s early New York session ahead of the Federal Open Market Committee (FOMC) minutes. The GBP/USD pair rebounds, even though Bank of England (BoE) policymaker Swati Dhingra warns about the downside risks of restrictive interest rates to the United Kingdom's living standard. When asked about the inflation outlook, Dhingra said the headline inflation appears bumpy but moves downward.

On Tuesday, BoE Governor Andrew Bailey and other policymakers were slightly dovish while speaking before UK lawmakers at the UK Parliamentary Treasury Select Committee. Read more...

GBP/USD: Gains through 1.2675/1.2685 should be positive – Scotiabank

GBP/USD nudges lower. Economists at Scotiabank analyze the pair’s outlook. Read more...

GBP/USD

Overview
Today last price	1.2636
Today Daily Change	0.0012
Today Daily Change %	0.10
Today daily open	1.2624

Trends
Daily SMA20	1.264
Daily SMA50	1.2678
Daily SMA100	1.2518
Daily SMA200	1.2567

Levels
Previous Daily High	1.2669
Previous Daily Low	1.2579
Previous Weekly High	1.2688
Previous Weekly Low	1.2536
Previous Monthly High	1.2786
Previous Monthly Low	1.2597
Daily Fibonacci 38.2%	1.2635
Daily Fibonacci 61.8%	1.2613
Daily Pivot Point S1	1.258
Daily Pivot Point S2	1.2535
Daily Pivot Point S3	1.249
Daily Pivot Point R1	1.2669
Daily Pivot Point R2	1.2714
Daily Pivot Point R3	1.2758

Author

FXStreet Team

FXStreet

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