Pound Sterling Price News and Forecast: GBP/USD rises on robust UK retail sales despite mixed US data

FXStreet Team FXStreet

GBP/USD rises on robust UK retail sales despite mixed US data

The Pound Sterling rises during the mid-North American session on Friday, trading at 1.2617, gaining 0.14% at the time of writing. Economic data from the United States (US) briefly capped the upside, but a stronger-than-expected UK retail sales report bolstered the GBP/USD pair for the second straight day. Read More...

GBP/USD remains capped below the 1.2600 mark following UK Retail Sales data

The GBP/USD pair remains capped below the 1.2600 psychological mark during the early European session on Friday. The upbeat UK Retail Sales data failed to boost the Pound Sterling (GBP) as investors are still concerned about the UK growth numbers for Q4, which indicated that the UK economy entered a technical recession. GBP/USD currently trades near 1.2590, losing 0.04% on the day. Read More...

GBP/USD struggles to find acceptance above 1.2600, trades in the red ahead of UK Retail Sales

The GBP/USD pair continues with its struggle to find acceptance or build on the momentum beyond the 1.2600 mark and meets with some supply during the Asian session on Friday. Spot prices currently trade around the 1.2585 region, down less than 0.10% for the day, and remain on track to register modest weekly losses. Read More...

GBP/USD

Overview
Today last price	1.2618
Today Daily Change	0.0021
Today Daily Change %	0.17
Today daily open	1.2597

Trends
Daily SMA20	1.2654
Daily SMA50	1.2676
Daily SMA100	1.2504
Daily SMA200	1.2565

Levels
Previous Daily High	1.2601
Previous Daily Low	1.2541
Previous Weekly High	1.2643
Previous Weekly Low	1.2518
Previous Monthly High	1.2786
Previous Monthly Low	1.2597
Daily Fibonacci 38.2%	1.2578
Daily Fibonacci 61.8%	1.2564
Daily Pivot Point S1	1.2558
Daily Pivot Point S2	1.252
Daily Pivot Point S3	1.2499
Daily Pivot Point R1	1.2618
Daily Pivot Point R2	1.2639
Daily Pivot Point R3	1.2677

Author

FXStreet Team

FXStreet

EUR/USD appears supported by the 200-day SMA, for now

Following an early pullback to multi-week lows near 1.1670, EUR/USD now manages to reclaim the 1.1700 region as the NA session draws to a close on Monday. The steep retracement in spot follows the equally strong move higher in the US Dollar, as investors continue to assess the geopolitical landscape in the wake of the US and Israel attacks on Iran.

GBP/USD hits new yearly lows near 1.3300

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Gold eases some ground, approaches $5,300

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