Pound Sterling Price News and Forecast: GBP/USD still scope for a move to 1.2720

FXStreet Team FXStreet

GBP/USD Forecast: Pound Sterling could weaken further amid risk aversion

GBP/USD dropped to its lowest level since July 7 at 1.2740 on Tuesday but managed to stage a rebound in the early Asian session on Wednesday. The pair, however, failed to stabilize above 1.2800 and was last seen trading in a narrow range below that level. Read more...

GBP/USD: Still scope for a move to 1.2720 – UOB

GBP/USD could still slip back towards the 1.2720 region in the near term, according to Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group. Read more...

GBP/USD: Gains through 1.29 needed to give Cable a stronger technical lift – Scotiabank

GBP/USD consolidates below 1.28 ahead of Thursday’s BoE decision. Economists at Scotiabank analyze the pair’s outlook.

Markets remain undecided about whether the BoE will deliver a 25 or 50 bps hike but the GBP should continue to find support on dips from positive yield spreads against the USD along the curve for now. Read more...

GBP/USD

Overview
Today last price	1.2729
Today Daily Change	-0.0047
Today Daily Change %	-0.37
Today daily open	1.2776

Trends
Daily SMA20	1.29
Daily SMA50	1.2713
Daily SMA100	1.2567
Daily SMA200	1.23

Levels
Previous Daily High	1.2841
Previous Daily Low	1.2741
Previous Weekly High	1.2996
Previous Weekly Low	1.2763
Previous Monthly High	1.3142
Previous Monthly Low	1.2659
Daily Fibonacci 38.2%	1.278
Daily Fibonacci 61.8%	1.2803
Daily Pivot Point S1	1.2731
Daily Pivot Point S2	1.2686
Daily Pivot Point S3	1.2631
Daily Pivot Point R1	1.2832
Daily Pivot Point R2	1.2887
Daily Pivot Point R3	1.2932

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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