Pound Sterling Price News and Forecast: GBP/USD remains pressured around multi-year low

FXStreet Team FXStreet

GBP/USD Price Analysis: Bulls are moving in and eye a key imbalance of price

As per the prior analysis from the New York session on Tuesday, GBP/USD Price Analysis: Bulls move in from critical hourly support, the bears are potentially lurking higher up as the price corrects from the well-extablished lows as the following update will show.

GBP/USD ignores UK PM Truss’ push for prosperity below 1.1400, focus on central banks, politics

GBP/USD holds lower ground near the 37-year bottom, close to 1.1375, as market braces for the US Federal Reserve’s (Fed) monetary policy announcement during early Wednesday in Asia. In doing so, the Cable pair ignores recently positive updates from the UK’s political frontier, as well as Brexit, amid fears that the divergence between the Fed and the Bank of England (BOE) is likely to remain wider.

GBP/USD

Overview
Today last price	1.1372
Today Daily Change	-0.0009
Today Daily Change %	-0.08
Today daily open	1.1381

Trends
Daily SMA20	1.1574
Daily SMA50	1.1852
Daily SMA100	1.2085
Daily SMA200	1.2686

Levels
Previous Daily High	1.1461
Previous Daily Low	1.1357
Previous Weekly High	1.1738
Previous Weekly Low	1.1351
Previous Monthly High	1.2294
Previous Monthly Low	1.1599
Daily Fibonacci 38.2%	1.1397
Daily Fibonacci 61.8%	1.1421
Daily Pivot Point S1	1.1338
Daily Pivot Point S2	1.1296
Daily Pivot Point S3	1.1234
Daily Pivot Point R1	1.1442
Daily Pivot Point R2	1.1504
Daily Pivot Point R3	1.1546

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.

AUD/USD sits at three-week highs above 0.7000 on hawkish RBA-speak

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Bitcoin eyes a break above $85,000 as institutional demand returns

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What November 3 means for the Fed's rate path and the US Dollar

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The US Dollar fell. Gold didn't rally. That tells you everything

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