Pound Sterling Price News and Forecast: GBP/USD slumps below 50-DMA ahead of US inflation, UK’s GDP figures

FXStreet Team FXStreet

GBP/USD slumps below 50-DMA ahead of US inflation, UK’s GDP figures

GBP/USD modestly dives during the North American session, below the 50-day Exponential Moving Average (EMA) even though the US Dollar (USD) remains soft across the board as speculators prepare for the release of inflation data in the United States (US). The GBP/USD is trading at 1.2724, down 0.18%. Read More...

Pound Sterling looks vulnerable amid caution ahead of GDP data

The Pound Sterling (GBP) fails to keep recovery intact as more interest rate hikes from the Bank of England (BoE) are highly required. The GBP/USD pair discovers buying interest as the United Kingdom inflation is expected to remain well above 2% for the next four years. As the central bank is failing to achieve price stability sooner, further policy tightening cannot be ruled out. Read More...

GBP/USD edges higher to 50-day SMA around 1.2755 area, lacks bullish conviction

The GBP/USD pair ticks higher during the Asian session on Wednesday and looks to build on the previous day's rebound from the 1.2685 area. Spot prices currently flirt with the 50-day Simple Moving Average (SMA), just above mid-1.2700s, and draw support from a mildly softer tone surrounding the US Dollar (USD). Read More...

GBP/USD

Overview
Today last price	1.273
Today Daily Change	-0.0018
Today Daily Change %	-0.14
Today daily open	1.2748

Trends
Daily SMA20	1.2881
Daily SMA50	1.2751
Daily SMA100	1.2596
Daily SMA200	1.233

Levels
Previous Daily High	1.2787
Previous Daily Low	1.2684
Previous Weekly High	1.2873
Previous Weekly Low	1.2621
Previous Monthly High	1.3142
Previous Monthly Low	1.2659
Daily Fibonacci 38.2%	1.2723
Daily Fibonacci 61.8%	1.2748
Daily Pivot Point S1	1.2693
Daily Pivot Point S2	1.2637
Daily Pivot Point S3	1.259
Daily Pivot Point R1	1.2795
Daily Pivot Point R2	1.2842
Daily Pivot Point R3	1.2898

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.

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