Pound Sterling Price News and Forecast: GBP/USD slides amid US inflation concerns, mixed UK economic outlook

FXStreet Team FXStreet

GBP/USD slides amid US inflation concerns, mixed UK economic outlook

The GBP/USD tumbles during the mid-North American session after economic data from the United States (US) suggested the battle against inflation is not done while the economy continues to decelerate, as sought by the US Federal Reserve (Fed). At the time of writing, the pair is trading at 1.2456, losing 0.63%. Read More...

GBP/USD

Overview
Today last price	1.2477
Today Daily Change	-0.0059
Today Daily Change %	-0.47
Today daily open	1.2536

Trends
Daily SMA20	1.2294
Daily SMA50	1.2257
Daily SMA100	1.2505
Daily SMA200	1.2448

Levels
Previous Daily High	1.2559
Previous Daily Low	1.2501
Previous Weekly High	1.2506
Previous Weekly Low	1.2213
Previous Monthly High	1.2337
Previous Monthly Low	1.2037
Daily Fibonacci 38.2%	1.2537
Daily Fibonacci 61.8%	1.2523
Daily Pivot Point S1	1.2505
Daily Pivot Point S2	1.2474
Daily Pivot Point S3	1.2446
Daily Pivot Point R1	1.2563
Daily Pivot Point R2	1.2591
Daily Pivot Point R3	1.2622

GBP/USD trades near 1.2520 after retreating from the 11-week high

GBP/USD breaks a three-day winning streak after dropping from the 11-week high at 1.2559 due to the rise in the US dollar (USD). The GBP/USD pair trades lower around 1.2520 on Wednesday during the European session. Read More...

GBP/USD Price Analysis: The next upside barrier is seen at 1.2580

The GBP/USD pair snaps the three-day winning streak during the early European session on Wednesday. The downtick of the major pair is backed by renewed US dollar demand. At the press time, GBP/USD is losing 0.09% on the day to trade at 1.2525. Read More...

Author

FXStreet Team

FXStreet

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.

GBP/USD slides below 1.3250 after failing to break through 23.6% Fibo

The GBP/USD pair meets with a fresh supply during the Asian session on Wednesday and moves away from a nearly two-week high around the 1.3275 region, touched the previous day. Spot prices currently trade around the 1.3235 zone, down 0.20% for the day, as traders look to speeches from Bank of England Governor Andrew Bailey and Federal Reserve Chair Kevin Warsh for a fresh impetus.

EUR/USD trims losses, back above 1.1400

The US Dollar’s correction motivates EUR/USD to bounce off earlier lows and reclaim the area beyond the 1.1400 hurdle on Wednesday. The pair’s rebound follows the loss of momentum in the Greenback following auspicious news over a final US-Iran deal.

Gold surpasses $4,100, six-day highs

Gold keeps pushing higher and climbs to multi-day peaks north of the $4,100 mark per troy ounce on Wednesday. The precious metal’s marked rebound comes in response to the US Dollar’s knee-jerk, a somewhat less hawkish tone from the Fed’s Warsh and positive headlines from the Middle East.

A preview of NFP

The number is of much greater importance than usual as the Fed moves away from a forecasting framework and towards a current-data / rebuilding-credibility framework.

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as investors turn more risk-averse

The cryptocurrency market trades under intense headwinds on Wednesday, led by Bitcoin’s (BTC) deepening sell-off below $60,000. The Crypto King hovers above $58,000.

Just like Fed, is BoJ’s independence under threat?

When talking about central bank independence, most of the focus has been on Donald Trump’s pressure on the Federal Reserve. But a similar story, a quieter one for now, seems to be happening on the other side of the Pacific: Japan’s government may be testing the Bank of Japan’s independence.