Pound Sterling Price News and Forecast: GBP/USD tests below 1.24 as Pound Sterling softens

FXStreet Team FXStreet

GBP/USD tests below 1.24 as Pound Sterling softens

The Pound Sterling (GBP) is notably bearish for Thursday, briefly breaking beneath the 1.2400 major handle against the Greenback (USD) as bears keep the GBP pinned to the floor. Read More...

Pound Sterling cracks as hawkish BoE bets deepen recession risks

The Pound Sterling (GBP) prints a fresh four-month low as strong wage growth momentum in August has set a hawkish undertone for the Bank of England’s (BoE) September monetary policy decision. The GBP/USD pair dropped sharply despite investors hope that a hawkish interest rate decision from the BoE will scrap its policy divergence with the Federal Reserve (Fed). Read More...

GBP/USD: A drop to 1.2400 still appears in the pipeline – UOB

GBP/USD could still slip back to the 1.2400 region in the next weeks, according to Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group. Read More...

GBP/USD

Overview
Today last price	1.2407
Today Daily Change	-0.0083
Today Daily Change %	-0.66
Today daily open	1.249

Trends
Daily SMA20	1.2612
Daily SMA50	1.2749
Daily SMA100	1.2656
Daily SMA200	1.2431

Levels
Previous Daily High	1.2512
Previous Daily Low	1.2435
Previous Weekly High	1.2643
Previous Weekly Low	1.2446
Previous Monthly High	1.2841
Previous Monthly Low	1.2548
Daily Fibonacci 38.2%	1.2464
Daily Fibonacci 61.8%	1.2482
Daily Pivot Point S1	1.2446
Daily Pivot Point S2	1.2402
Daily Pivot Point S3	1.2369
Daily Pivot Point R1	1.2523
Daily Pivot Point R2	1.2556
Daily Pivot Point R3	1.26

Author

FXStreet Team

FXStreet

EUR/USD slumps below 1.1750 as USD benefits from risk-aversion

EUR/USD comes under renewed bearish pressure in the European session and trades below 1.1750 following a recovery attempt earlier in the day. The US Dollar gathers strength and weighs on the pair as investors seek refuge in the wake of Israel and the United States' joint attack on Iran.

GBP/USD targets 1.3500 barrier near moving averages

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