Pound Sterling Price News and Forecast: GBP/USD subdued around 1.1840s

FXStreet Team FXStreet

GBP/USD subdued around 1.1840s after printing a YTD low around 1.1800

GBP/USD stays around 1.1840s, following hawkish remarks by the US Federal Reserve (Fed) Chair Jerome Powell. Powell’s two-day testimony before the US Congress will conclude on Wednesday at the US House of Representatives, with market participants expecting him to remain hawkish. Therefore, the GBP/USD is exchanging hands at 1.1843, gaining 0.10%. Read More...

GBP/USD hags near YTD low, remains vulnerable below 200 DMA amid bullish USD

The GBP/USD pair consolidates the previous day's heavy losses and oscillates in a narrow band, just a few pips above its lowest level since November set earlier this Wednesday. The pair trades around the 1.1825 region during the first half of the European session and remains vulnerable below a technically significant 200-day Simple Moving Average (SMA). Read More...

GBP/USD faces the next support at 1.1750 – UOB

In light of the recent price action, GBP/USD could weaken further and meet the next support around 1.1750 according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More...

GBP/USD

Overview
Today last price	1.1842
Today Daily Change	0.0014
Today Daily Change %	0.12
Today daily open	1.1828

Trends
Daily SMA20	1.2036
Daily SMA50	1.2136
Daily SMA100	1.1997
Daily SMA200	1.1909

Levels
Previous Daily High	1.2065
Previous Daily Low	1.1822
Previous Weekly High	1.2143
Previous Weekly Low	1.1922
Previous Monthly High	1.2402
Previous Monthly Low	1.1915
Daily Fibonacci 38.2%	1.1915
Daily Fibonacci 61.8%	1.1972
Daily Pivot Point S1	1.1745
Daily Pivot Point S2	1.1661
Daily Pivot Point S3	1.1501
Daily Pivot Point R1	1.1988
Daily Pivot Point R2	1.2148
Daily Pivot Point R3	1.2231

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.

GBP/USD bounces back above 1.3200 after strong UK Retail Sales data

GBP/USD extends the rebound above the 1.3200 mark in early Europe on Friday. Stronger-than-expected UK Retail Sales data provide a much-needed lift to the British Pound and the pair amid a chaotic UK political environment.

EUR/USD recovers above 1.1450 on USD pullback

EUR/USD recovers losses and rises back above 1.1450 in the European session on Friday. The pair finds traction as the US Dollar (USD) pulls back sharply on profit-taking amid thin trading conditions, following the hawkish Fed-led rally.

Gold rebounds from one-week low; upside seems limited amid hawkish Fed, bullish USD

Gold recovers slightly from over a one-week low, touched earlier this Friday, though the upside potential seems limited in the face of a bearish fundamental backdrop. Against the backdrop of the US Federal Reserve's hawkish tilt, the uncertainty surrounding the next round of US-Iran negotiations continues to push the US Dollar higher for the third straight day.

Solana extends correction despite ETF inflows, RWA adoption

Solana (SOL) price edges below $70 extending its losses for the fourth straight day this week. The institutional demand for Solana is building, with steady inflows so far this week and Morgan Stanley’s amended S-1 filing for a Solana-focused Exchange-Traded Fund.

Solana extends correction despite ETF inflows, RWA adoption

Solana (SOL) price edges below $70 on Friday, extending its losses for the fourth straight day this week. The institutional demand for Solana is building, with steady inflows so far this week and Morgan Stanley’s amended S-1 filing for a Solana-focused Exchange-Traded Fund.

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.