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

FXStreet Team FXStreet

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 price	1.2632
Today Daily Change	0.0021
Today Daily Change %	0.17
Today daily open	1.2611

Trends
Daily SMA20	1.2358
Daily SMA50	1.2265
Daily SMA100	1.2499
Daily SMA200	1.2456

Levels
Previous Daily High	1.2616
Previous Daily Low	1.2525
Previous Weekly High	1.2616
Previous Weekly Low	1.2446
Previous Monthly High	1.2337
Previous Monthly Low	1.2037
Daily Fibonacci 38.2%	1.2581
Daily Fibonacci 61.8%	1.2559
Daily Pivot Point S1	1.2552
Daily Pivot Point S2	1.2493
Daily Pivot Point S3	1.2461
Daily Pivot Point R1	1.2643
Daily Pivot Point R2	1.2674
Daily Pivot Point R3	1.2733

Author

FXStreet Team

FXStreet

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