Pound Sterling Price News and Forecast: GBP/USD remains subdued above 1.2700

FXStreet Team FXStreet

GBP/USD Price Analysis: Remains subdued above 1.2700

The Pound Sterling registered minuscule gains versus the US Dollar in early trading during the North American session. Investors’ sentiment is upbeat as most US equity indices are rising, US Treasury bond yields are falling, and the Greenback was virtually unchanged against a basket of its peers. Therefore, the GBP/USD trades at 1.2719, up 0.11%. Read More...

Pound Sterling holds gains above 1.2700 ahead of UK inflation

The Pound Sterling (GBP) remains firm, trading slightly above 1.2700 in Tuesday’s New York session. The next move in the GBP/USD pair will likely be guided by the United Kingdom Consumer Price Index (CPI) data for April and the Federal Open Market Committee (FOMC) minutes for the May meeting, which will be published on Wednesday. Read More...

GBP/USD extends its upside above 1.2700, investors await fresh catalysts

The GBP/USD pair extends the rally near 1.2710 on Tuesday during the early Asian session. Investors await fresh catalysts, with different Federal Reserve (Fed) speakers set to speak later in the day. On Wednesday, the UK Consumer Price Index (CPI) inflation data and FOMC Minutes will be closely watched. Read More...

GBP/USD

Overview
Today last price	1.2708
Today Daily Change	0.0002
Today Daily Change %	0.02
Today daily open	1.2706

Trends
Daily SMA20	1.2556
Daily SMA50	1.2585
Daily SMA100	1.2632
Daily SMA200	1.2541

Levels
Previous Daily High	1.2726
Previous Daily Low	1.2689
Previous Weekly High	1.2712
Previous Weekly Low	1.2509
Previous Monthly High	1.2709
Previous Monthly Low	1.23
Daily Fibonacci 38.2%	1.2712
Daily Fibonacci 61.8%	1.2703
Daily Pivot Point S1	1.2688
Daily Pivot Point S2	1.2671
Daily Pivot Point S3	1.2652
Daily Pivot Point R1	1.2725
Daily Pivot Point R2	1.2743
Daily Pivot Point R3	1.2761

Author

FXStreet Team

FXStreet

EUR/USD edges lower below 1.1650 as Middle East tensions fuel US Dollar strength

The EUR/USD pair trades in negative territory around 1.1635 during the early Asian session on Thursday. The US Dollar strengthens against the Euro as escalating Middle East conflict boosts safe-haven flows. Traders brace for the Eurozone Retail Sales and US weekly Initial Jobless Claims reports, which will be released later on Thursday.

GBP/USD tests key moving averages as growth downgrade weighs

GBP/USD was nearly flat on Wednesday, edging up 0.08% to settle around 1.3370 in a quiet session. The pair has fallen sharply from its late-January high near 1.3870 and is now testing the 200-day Exponential Moving Average, with this week's one-week forex heatmap showing Pound Sterling as one of the worst performers against the US Dollar, down about 1.4% on the week.