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Pound Sterling Price News and Forecast: GBP/USD stays in green territory, though under pressure

GBP/USD holds to decent gains after BoE’s Bailey remarks

GBP/USD climbed above the 1.2600 figure during the early morning in the North American session after bouncing from daily lows of 1.2590 due to data portraying the UK economy’s resilience despite the Bank of England’s (BoE) tightening. The pair is trading at 1.2607, clinging to 0.10% gains at the time of writing.

US equities are trading in the red amidst the market’s narrative that stocks are in overbought territory. Also, a weaker-than-expected Industrial Profits report from China weighed on market sentiment as deflationary pressures persisted. Read more...

GBP could strengthen further in the near-term – MUFG

The GBP strengthened modesty over the past week against both the EUR and USD. Economists at MUFG Bank analyze Sterling’s outlook. Read more...

GBP/USD

Overview
Today last price1.2632
Today Daily Change0.0021
Today Daily Change %0.17
Today daily open1.2611
 
Trends
Daily SMA201.2358
Daily SMA501.2265
Daily SMA1001.2499
Daily SMA2001.2456
 
Levels
Previous Daily High1.2616
Previous Daily Low1.2525
Previous Weekly High1.2616
Previous Weekly Low1.2446
Previous Monthly High1.2337
Previous Monthly Low1.2037
Daily Fibonacci 38.2%1.2581
Daily Fibonacci 61.8%1.2559
Daily Pivot Point S11.2552
Daily Pivot Point S21.2493
Daily Pivot Point S31.2461
Daily Pivot Point R11.2643
Daily Pivot Point R21.2674
Daily Pivot Point R31.2733

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