Pound Sterling Price News and Forecast: GBP/USD remains on the defensive below 1.2200

FXStreet Team FXStreet

GBP/USD remains on the defensive below 1.2200, looks to US NFP report for fresh impetus

The GBP/USD pair ticks lower during the Asian session on Friday and erodes a part of the previous day's positive move to the 1.2225 region, or a one-and-half-week high. Spot prices currently trade just below the 1.2200 round-figure mark as traders now look forward to the release of the US monthly employment details for some meaningful impetus. Read More...

GBP/USD stays in the green, at around 1.2200 post-BoE’s decision, dovish Fed hold

The GBP/USD continues to trade in positive territory after erasing Wednesday’s losses due to the US Federal Reserve holding rates unchanged, but speculators are not expecting further tightening by Jerome Powell and Co. Alongside that, the Bank of England (BoE) followed suit, keeping rates at a 15-year high, maintaining the major exchanging hands at around 1.2200, gaining nearly 0.40%. Read More...

Pound Sterling holds gains as BoE stands pat for second straight meeting

The Pound Sterling (GBP) advances strongly as the Bank of England (BoE) has kept interest rates unchanged at 5.25%, as expected. BoE policymakers: Jonathan Haskel, Megan Greene, and Katherine Mann voted for a 25 basis points (bps) rate hike while the other six policymakers including new Deputy Governor Sarah Breeden, who has replaced Jon Cunliffe, advocated for keeping interest rates unchanged. Dovish policymaker Swati Dhingra supported an unchanged interest rate decision but was expected to advocate a rate cut. Read More...

GBP/USD

Overview
Today last price	1.2189
Today Daily Change	-0.0014
Today Daily Change %	-0.11
Today daily open	1.2203

Trends
Daily SMA20	1.2184
Daily SMA50	1.2309
Daily SMA100	1.2551
Daily SMA200	1.2435

Levels
Previous Daily High	1.2226
Previous Daily Low	1.2138
Previous Weekly High	1.2289
Previous Weekly Low	1.207
Previous Monthly High	1.2337
Previous Monthly Low	1.2037
Daily Fibonacci 38.2%	1.2192
Daily Fibonacci 61.8%	1.2171
Daily Pivot Point S1	1.2152
Daily Pivot Point S2	1.2101
Daily Pivot Point S3	1.2065
Daily Pivot Point R1	1.224
Daily Pivot Point R2	1.2276
Daily Pivot Point R3	1.2327

Author

FXStreet Team

FXStreet

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