Pound Sterling Price News and Forecast: GBP/USD rises to four-week high


GBP/USD rises to four-week high, anticipates BoE and Fed policy divergence

GBP/USD climbed to a new four-week high at 1.2590 on Friday. However, it dipped toward the 1.2570s area after a softer-than-estimated Canadian jobs report cemented the case for a Federal Reserve skip in the upcoming monetary policy meeting. The GBP/USD is trading at 1.2576, up 0.14%, set to finish the week with gains of more than 1%. Read More...
GBP/USD Daily chart

GBP/USD: Further gains remain on the cards

GBP/USD is expected to edge further up in the short-term horizon, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More...
 

GBP/USD resumes upside journey towards 1.2600 as hawkish Fed bets falter

The GBP/USD pair has resumed its upside journey towards the round-level resistance of 1.2600 after a small intervention around 1.2560 in the early London session. Sheer strength in the Cable has been built due to a significant decline in the US Dollar Index (DXY). Read More...

GBP/USD

Overview
Today last price 1.2575
Today Daily Change 0.0015
Today Daily Change % 0.12
Today daily open 1.256
 
Trends
Daily SMA20 1.2437
Daily SMA50 1.2464
Daily SMA100 1.2307
Daily SMA200 1.2011
 
Levels
Previous Daily High 1.2561
Previous Daily Low 1.2433
Previous Weekly High 1.2545
Previous Weekly Low 1.2327
Previous Monthly High 1.268
Previous Monthly Low 1.2308
Daily Fibonacci 38.2% 1.2512
Daily Fibonacci 61.8% 1.2482
Daily Pivot Point S1 1.2475
Daily Pivot Point S2 1.239
Daily Pivot Point S3 1.2347
Daily Pivot Point R1 1.2603
Daily Pivot Point R2 1.2646
Daily Pivot Point R3 1.2731

 

 

 
Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

AUD/USD gains momentum above 0.6500 ahead of Australian Retail Sales data

AUD/USD gains momentum above 0.6500 ahead of Australian Retail Sales data

AUD/USD trades in positive territory for six consecutive days around 0.6535 during the early Asian session on Monday. The upward momentum of the pair is bolstered by the hawkish stance from the Reserve Bank of Australia after the recent release of Consumer Price Index inflation data last week.

AUD/USD News

EUR/USD: Federal Reserve and Nonfarm Payrolls spell action this week

EUR/USD: Federal Reserve and Nonfarm Payrolls spell action this week

The EUR/USD pair temporarily reconquered the 1.0700 threshold last week, settling at around that round level. The US Dollar lost its appeal following discouraging United States macroeconomic data indicating tepid growth and persistent inflationary pressures.

EUR/USD News

Gold: Strength of $2,300 support is an encouraging sign for bulls

Gold: Strength of $2,300 support is an encouraging sign for bulls

Gold price started last week under heavy bearish pressure and registered its largest one-day loss of the year on Monday. The pair managed to stage a rebound in the second half of the week but closed in negative territory. 

Gold News

Ethereum fees drops to lowest level since October, ETH sustains above $3,200

Ethereum fees drops to lowest level since October, ETH sustains above $3,200

Ethereum’s high transaction fees has been a sticky issue for the blockchain in the past. This led to Layer 2 chains and scaling solutions developing alternatives for users looking to transact at a lower cost. 

Read more

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.

Read more

Forex MAJORS

Cryptocurrencies

Signatures