TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Pound Sterling Price News and Forecast: GBP/USD stumbles putting key support level at risk around 1.2000

Pound Sterling Price News and Forecast: GBP/USD stumbles putting key support level at risk around 1.2000
FXStreet TeamFXStreet TeamFXStreet

GBP/USD stumbles putting key support level at risk around 1.2000 with bears lurking the 100-DMA

GBP/USD snaps three straight days of gains and drops as it tested the 50-day Exponential Moving Average (EMA) at 1.2126, as UK economic data showed the economy did not grow, while consumer sentiment in the US improved. At the time of writing, the GBP/USD exchanges hands at 1.2055. Read More...

GBP/USD is expected to trade within 1.2015-1.2260 – UOB

GBP/USD seems to have now moved into a consolidative phase, likely between 1.2015 and 1.2260, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More...
 

GBP/USD remains depressed near 1.2100 mark, moves little post-UK macro data

The GBP/USD pair extends the previous day's retracement slide from the vicinity of the 1.2200 mark, or the weekly high and remains under some selling pressure on Friday. Spot prices languish around the 1.2100 mark through the early European session and react little to the latest UK macro data. Read More...

GBP/USD

Overview
Today last price1.2053
Today Daily Change-0.0063
Today Daily Change %-0.52
Today daily open1.2116
 
Trends
Daily SMA201.2266
Daily SMA501.2191
Daily SMA1001.1833
Daily SMA2001.1947
 
Levels
Previous Daily High1.2194
Previous Daily Low1.2057
Previous Weekly High1.2418
Previous Weekly Low1.205
Previous Monthly High1.2448
Previous Monthly Low1.1841
Daily Fibonacci 38.2%1.2142
Daily Fibonacci 61.8%1.2109
Daily Pivot Point S11.2051
Daily Pivot Point S21.1986
Daily Pivot Point S31.1914
Daily Pivot Point R11.2188
Daily Pivot Point R21.2259
Daily Pivot Point R31.2325

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

AUD/USD holds above 0.6950 as bullish USD caps gains

AUD/USD holds above 0.6950 as bullish USD caps gains

AUD/USD edges lower during the Asian session on Tuesday, stalling a two-day recovery move from a two-month low, touched last week. An extended rout in the fixed income market keeps US bond yields elevated near multi-year highs. This, along with geopolitical uncertainties, helps the US Dollar retain its bullish tone despite receding October Fed hike bets. However, expectations for another RBA rate hike this month could act as a tailwind for the Aussie.

USD/JPY remains confined in a range; 158.00 holds the key

USD/JPY remains confined in a range; 158.00 holds the key

USD/JPY extends its consolidative move during the Asian session on Tuesday, trading below 158.00 amid diverging forces. Hawkish BoJ expectations support the Japanese Yen amid looming intervention risks. Meanwhile, geopolitical uncertainty and elevated US bond yields keep the US Dollar near its YTD high despite receding October Fed hike bets. This, in turn, holds back traders from placing aggressive directional bets.

Gold holds steady below $4,150 as receding Fed hike bets lend support

Gold holds steady below $4,150 as receding Fed hike bets lend support

Gold continues its struggle to gain any meaningful traction, holding steady below $4,150 during the Asian session on Tuesday. Receding October Fed hike bets act as a tailwind for the non-yielding bullion, though a bullish US Dollar caps the upside. Furthermore, traders await the release of the FOMC Minutes on Wednesday for more cues about the future policy path and some meaningful impetus.

Ethereum: BitMine scoops extra ETH tokens following Q3 outperformance

Ethereum: BitMine scoops extra ETH tokens following Q3 outperformance

Ethereum (ETH) treasury firm BitMine Immersion continued its buying streak of the top altcoin last week. The firm acquired 15,112 ETH, lifting its holdings to 6.016 million ETH, representing 4.9% of ETH's circulating supply and worth $16.16 billion at the time of writing. That brings the company roughly 98.5% closer to acquiring 5% of ETH's supply, a goal it tags "Alchemy of 5%."
Markets just priced out rate hikes on financial stress. This chart shows why 2022-23 says they’ll be wrong

Markets just priced out rate hikes on financial stress. This chart shows why 2022-23 says they’ll be wrong

Traders have taken about one quarter-point hike out of their European Central Bank forecasts since mid-September, betting the ECB will stop raising rates because of a French debt selloff. The same bet failed twice in 2022 and 2023, when the ECB kept raising rates through financial stress because inflation was above its 2% target. Euro-area inflation came in at 3.8% in September.

Eurozone inflation just hit 3.8%, its highest in three years. This chart shows why the ECB can’t simply hike its way out

Eurozone inflation just hit 3.8%, its highest in three years. This chart shows why the ECB can’t simply hike its way out

The ECB would normally have a relatively straightforward answer to inflation running almost twice its target: raise interest rates. But these are not normal circumstances. This time, the bond market is already doing part of the tightening for it, leaving the ECB facing an increasingly difficult dilemma.

Best Brokers in 2026

Top Brokers in the MENA Region
Top Brokers in the MENA Region
Best Prop Trading Firms in 2026
Best Prop Trading Firms in 2026
Best Crypto Exchanges & Trading Platforms in 2026
Best Crypto Exchanges & Trading Platforms in 2026
Five best Forex brokers in 2026
Five best Forex brokers in 2026
Best brokers in Indonesia
Best brokers in Indonesia
Best brokers in Latin America - LATAM 2026
Best brokers in Latin America - LATAM 2026
Best brokers to trade EUR/USD
Best brokers to trade EUR/USD
Brokers with Islamic and swap-free accounts
Brokers with Islamic and swap-free accounts
Best Forex Brokers with low spreads in 2026
Best Forex Brokers with low spreads in 2026
Best brokers to trade Gold
Best brokers to trade Gold
Best CFD Brokers in 2026
Best CFD Brokers in 2026
Best Regulated Brokers in 2026
Best Regulated Brokers in 2026