Pound Sterling Price News and Forecast: GBP/USD retreats after hitting daily highs above 1.3850


GBP/USD retreats after hitting daily highs above 1.3850

The GBP/USD printed a fresh daily high during the American session at 1.3853 and then pulled back toward 1.3820. It is hovering around 1.3840, in positive ground for the day. Cable continues to move sideways, with support around 1.3800 and unable to confirm levels above 1.3900. Read more...

GBP/USD

Overview
Today last price 1.3841
Today Daily Change 0.0031
Today Daily Change % 0.22
Today daily open 1.381
 
Trends
Daily SMA20 1.377
Daily SMA50 1.3807
Daily SMA100 1.3916
Daily SMA200 1.383
 
Levels
Previous Daily High 1.3913
Previous Daily Low 1.3804
Previous Weekly High 1.3889
Previous Weekly Low 1.3726
Previous Monthly High 1.3958
Previous Monthly Low 1.3602
Daily Fibonacci 38.2% 1.3846
Daily Fibonacci 61.8% 1.3871
Daily Pivot Point S1 1.3771
Daily Pivot Point S2 1.3733
Daily Pivot Point S3 1.3662
Daily Pivot Point R1 1.3881
Daily Pivot Point R2 1.3952
Daily Pivot Point R3 1.399

 

Pound steady as UK inflation jumps

The British pound has reversed directions and is in positive territory on Wednesday. GBP/USD is currently trading at 1.3823, up 0.15% on the day. The reopening of the UK economy in July has fuelled a rise in inflation, and August CPI surged 3.2% (YoY), up sharply from 2.0% in July. The BoE has taken a page from the Federal Reserve’s playbook, insisting that higher inflation is temporary. Read more...

GBP/USD Forecast: Sterling fails to break higher, fundamentals fight back, levels to watch

The quadruple top has crumbled – yet only temporarily. GBP/USD's move above the stubborn 1.3895 level has proved temporary and so has dollar weakness in response to weaker than expected US inflation figures. On the other side of the pond, UK consumer prices beat estimates – building a fundamental case for bulls. Read more...

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