Pound Sterling Price News and Forecast: GBP/USD slide continues on US debt-ceiling woes


GBP/USD slide continues on US debt-ceiling woes, UK's weak business activity

GBP/USD drops extending its losses past the 20-day Exponential Moving Average (EMA), as a risk-off impulse triggered a flight to safety, favoring the US Dollar (USD) to the detriment of the Pound Sterling (GBP). Uncertainty about the debt-ceiling negotiations in the United States (US), and mixed US economic data bolstered the US Dollar. The GBP/USD is trading at 1.2414, below its opening price by almost 0.20%. Read More...
 

GBP/USD drops to over one-month low, further below 1.2400/50-day SMA on weaker UK PMIs

The GBP/USD pair comes under some renewed selling pressure on Tuesday and drops to over a one-month low during the first half of the European session. The pair is currently placed just below the 1.2400 round-figure mark, down around 0.35% for the day, confirming a fresh breakdown through the 50-day Simple Moving Average (SMA). Read More...
 

GBP/USD eyes downside below 1.2420 ahead of UK Inflation, BoE Bailey’s speech eyed

The GBP/USD pair looks vulnerable above the immediate support of 1.2420 in the early European session. The Cable is struggling in defending the nearest cushion as investors are awaiting the speech from Bank of England (BoE) Governor Andrew Bailey. Read More...

GBP/USD

Overview
Today last price 1.2415
Today Daily Change -0.0022
Today Daily Change % -0.18
Today daily open 1.2437
 
Trends
Daily SMA20 1.2515
Daily SMA50 1.2416
Daily SMA100 1.2274
Daily SMA200 1.1971
 
Levels
Previous Daily High 1.2472
Previous Daily Low 1.2414
Previous Weekly High 1.2547
Previous Weekly Low 1.2392
Previous Monthly High 1.2584
Previous Monthly Low 1.2275
Daily Fibonacci 38.2% 1.2436
Daily Fibonacci 61.8% 1.245
Daily Pivot Point S1 1.241
Daily Pivot Point S2 1.2382
Daily Pivot Point S3 1.2351
Daily Pivot Point R1 1.2468
Daily Pivot Point R2 1.25
Daily Pivot Point R3 1.2527

 

 

 
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 remained bid above 0.6500

AUD/USD remained bid above 0.6500

AUD/USD extended further its bullish performance, advancing for the fourth session in a row on Thursday, although a sustainable breakout of the key 200-day SMA at 0.6526 still remain elusive.

AUD/USD News

EUR/USD faces a minor resistance near at 1.0750

EUR/USD faces a minor resistance near at 1.0750

EUR/USD quickly left behind Wednesday’s small downtick and resumed its uptrend north of 1.0700 the figure, always on the back of the persistent sell-off in the US Dollar ahead of key PCE data on Friday.

EUR/USD News

Gold holds around $2,330 after dismal US data

Gold holds around $2,330 after dismal US data

Gold fell below $2,320 in the early American session as US yields shot higher after the data showed a significant increase in the US GDP price deflator in Q1. With safe-haven flows dominating the markets, however, XAU/USD reversed its direction and rose above $2,340.

Gold News

Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options

Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options

Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.

Read more

US economy: slower growth with stronger inflation

US economy: slower growth with stronger inflation

The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.

Read more

Forex MAJORS

Cryptocurrencies

Signatures