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

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

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 price1.2415
Today Daily Change-0.0022
Today Daily Change %-0.18
Today daily open1.2437
 
Trends
Daily SMA201.2515
Daily SMA501.2416
Daily SMA1001.2274
Daily SMA2001.1971
 
Levels
Previous Daily High1.2472
Previous Daily Low1.2414
Previous Weekly High1.2547
Previous Weekly Low1.2392
Previous Monthly High1.2584
Previous Monthly Low1.2275
Daily Fibonacci 38.2%1.2436
Daily Fibonacci 61.8%1.245
Daily Pivot Point S11.241
Daily Pivot Point S21.2382
Daily Pivot Point S31.2351
Daily Pivot Point R11.2468
Daily Pivot Point R21.25
Daily Pivot Point R31.2527
 

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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