Pound Sterling Price News and Forecast: GBP/USD surges above 1.2200

FXStreet Team FXStreet

GBP/USD surges above 1.2200 despite positive US Nonfarm Payrolls and high US yields

The Pound Sterling (GBP) rallied for the third consecutive day against the US Dollar (USD) on Friday as the North American session began to wind down ahead of the weekend. Although September’s Nonfarm Payrolls report was positive, the GBP/USD recovered after reaching multi-month lows of 1.2037 and has risen more than 1.70% towards 1.2240s. Read More...

Pound Sterling remains delicate as robust US job market dampens market mood

The Pound Sterling (GBP) faces an intense sell-off the surprisingly upbeat United States Nonfarm Payrolls (NFP) report for September dampens investors' risk appetite and improves the US Dollar's appeal. The US employers hired 336K individuals, significantly higher than expectations of 170K, and revised August data of 227K. The Unemployment Rate remained unchanged at 3.8% but landed higher than expectations of 3.7%. Read More...

GBP/USD: Further consolidation in the pipeline near term – UOB

UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia note GBP/USD could extend the consolidative phase in the next few weeks. Read More...

GBP/USD

Overview
Today last price	1.2246
Today Daily Change	0.0054
Today Daily Change %	0.44
Today daily open	1.2192

Trends
Daily SMA20	1.229
Daily SMA50	1.2529
Daily SMA100	1.2609
Daily SMA200	1.2438

Levels
Previous Daily High	1.2196
Previous Daily Low	1.2108
Previous Weekly High	1.2272
Previous Weekly Low	1.2111
Previous Monthly High	1.2713
Previous Monthly Low	1.2111
Daily Fibonacci 38.2%	1.2162
Daily Fibonacci 61.8%	1.2141
Daily Pivot Point S1	1.2134
Daily Pivot Point S2	1.2077
Daily Pivot Point S3	1.2046
Daily Pivot Point R1	1.2223
Daily Pivot Point R2	1.2254
Daily Pivot Point R3	1.2311

Author

FXStreet Team

FXStreet

EUR/USD extends losses toward 1.1600 ahead of EU inflation data

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The market is not panicking it is repricing the probability distribution of Oil and time

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