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Pound Sterling Price News and Forecast: GBP/USD soars past 1.2500 on soft US manufacturing data

Pound Sterling Price News and Forecast: GBP/USD soars past 1.2500 on soft US manufacturing data
FXStreet TeamFXStreet TeamFXStreet

GBP/USD soars past 1.2500 on soft US manufacturing data, Fed skipping hike

GBP/USD edges higher in the North American session, boosted by downbeat economic data from the United States (US), with business activity slowing. Additionally, US Federal Reserve (Fed) officials pushing for a “skip” on its tightening cycle eased the odds for a rate hike at the upcoming June meeting. The GBP/USD is trading at around 1.2510s after hitting a low of 1.2400. Read More...

GBP/USD Daily chart

GBP/USD sticks to modest gains around mid-1.2400s, just below two-week top post-US ADP

The GBP/USD pair reverses an intraday dip to the 1.2400 round-figure mark and turns positive for the fifth successive day on Thursday. Spot prices, however, retreat a few pips from a two-week high touched during the early North American session and trade around mid-1.2400s following the release of the US ADP report. Read More...
 

GBP/USD retreats from over one-week high, slides back closer to 1.2400 amid stronger USD

The GBP/USD pair continues with its struggle to move back above the 50-day Simple Moving Average (SMA) and attracts some sellers near the 1.2450 area, or over a one-week high touched earlier this Thursday. The pair drops to a fresh daily low, around the 1.2415-1.2410 region during the early part of the European session and for now, seems to have snapped a four-day winning streak. Read More...

GBP/USD

Overview
Today last price1.2536
Today Daily Change0.0096
Today Daily Change %0.77
Today daily open1.244
 
Trends
Daily SMA201.2474
Daily SMA501.2444
Daily SMA1001.2295
Daily SMA2001.1987
 
Levels
Previous Daily High1.2444
Previous Daily Low1.2348
Previous Weekly High1.2472
Previous Weekly Low1.2308
Previous Monthly High1.268
Previous Monthly Low1.2308
Daily Fibonacci 38.2%1.2408
Daily Fibonacci 61.8%1.2385
Daily Pivot Point S11.2377
Daily Pivot Point S21.2315
Daily Pivot Point S31.2281
Daily Pivot Point R11.2474
Daily Pivot Point R21.2507
Daily Pivot Point R31.257
 

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