|

Pound Sterling Price News and Forecast: GBP/USD steadies near 1.2150

GBP/USD steadies near 1.2150, stays on track to post weekly gains

GBP/USD declined toward 1.2100 during the European trading hours but regained its traction amid renewed US Dollar (USD) weakness. The pair seems to have stabilized at around 1.2150 in the American session and remains on track to end the week in positive territory. Read More...
 

GBP/USD trims a part of its intraday gains, holds comfortably above 1.2100 amid weaker USD

The GBP/USD pair builds on the previous day's strong move up and scales higher for the second successive day on Friday. The pair, however, retreats a few pips from the daily peak touched during the early part of the European session and is currently placed around the 1.2135-1.2130 region, still up over 0.20% for the day. Read More...
 

GBP/USD clings to the consolidative mood – UOB

Further consolidation, likely within the 1.1950-1.2190 range, is expected in GBP/USD in the next weeks, noted UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Read More...

GBP/USD

Overview
Today last price1.2171
Today Daily Change0.0062
Today Daily Change %0.51
Today daily open1.2109
 
Trends
Daily SMA201.2022
Daily SMA501.2139
Daily SMA1001.2043
Daily SMA2001.1892
 
Levels
Previous Daily High1.2128
Previous Daily Low1.2027
Previous Weekly High1.2114
Previous Weekly Low1.1803
Previous Monthly High1.2402
Previous Monthly Low1.1915
Daily Fibonacci 38.2%1.2089
Daily Fibonacci 61.8%1.2066
Daily Pivot Point S11.2048
Daily Pivot Point S21.1988
Daily Pivot Point S31.1948
Daily Pivot Point R11.2149
Daily Pivot Point R21.2189
Daily Pivot Point R31.225

Author

FXStreet Team

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.

More from FXStreet Team
Share:

Editor's Picks

GBP/USD rebounds above 1.3200 as USD loses traction

GBP/USD starts the week on a bullish note and advances toward 1.3250 on Monday. The pair recovers ground as the US Dollar uptrend falters and traders resort to profit-taking ahead of Tuesday's US-Iran peace talks and Fed Chair Kevin Warsh's appearance on Wednesday at the ECB Forum.

EUR/USD clings to modest gains near 1.1400

EUR/USD gains traction on Monday and trades moderately higher on the day above 1.1400, helped by a broadly weaker US Dollar. Traders continue to assess the developments surrounding talks to end the US war with Iran. The European Central Bank's annual forum and the US June employment data will be the highlights later this week.

Gold stays in red near $4,050 as US-Iran clash revives inflation fears

Gold price remains in the negative territory around $4,050 in Monday's European trading. The bullion struggles as military clashes between the United States and Iran in the strategic Strait of Hormuz have revived inflation concerns, bolstering Fed rate hike expectations. However, a broad US Dollar retreat is helping limit Gold's downside.

Bitcoin four-year cycle: BTC risks 75% drawdown with four months of bear market still ahead

Bitcoin price continues to trend downward below the $60,000 support zone after losing over 50% of its value since the $126,199 high in October. Bitcoin’s four-year cycle, measured from cycle tops to bottoms, suggests that four months of a bear market are still ahead.

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.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.