Pound Sterling Price News and Forecast: GBP/USD trades in a narrow range

FXStreet Team FXStreet

Pound Sterling climbs higher as economists remain gung-ho over UK's economic outlook

The Pound Sterling (GBP) jumps higher in Friday's early American session as the United Kingdom's economic outlook strengthens. The GBP/USD pair advances toward Thursday's high as market sentiment improves.

Meanwhile, investors await fresh guidance on Bank of England (BoE) interest rates. While uncertainty over the timing of BoE rate cuts continues to persist, investors hope that the central bank could reduce interest rates in the early part of the second half of this year. The chances for a rate cut in the June policy meeting are under 50%, while a dovish decision for August seems inevitable. Read more...

Outlook brightens for Pound Sterling – MUFG

GBP/USD advanced above 1.2700 for the first time in three weeks on Thursday. Economists at MUFG Bank analyze the Pound Sterling (GBP) outlook. Read more...

GBP/USD

Overview
Today last price	1.2679
Today Daily Change	0.0018
Today Daily Change %	0.14
Today daily open	1.2661

Trends
Daily SMA20	1.2634
Daily SMA50	1.2676
Daily SMA100	1.2528
Daily SMA200	1.2569

Levels
Previous Daily High	1.271
Previous Daily Low	1.2612
Previous Weekly High	1.2688
Previous Weekly Low	1.2536
Previous Monthly High	1.2786
Previous Monthly Low	1.2597
Daily Fibonacci 38.2%	1.2672
Daily Fibonacci 61.8%	1.2649
Daily Pivot Point S1	1.2612
Daily Pivot Point S2	1.2563
Daily Pivot Point S3	1.2514
Daily Pivot Point R1	1.271
Daily Pivot Point R2	1.2759
Daily Pivot Point R3	1.2808

Author

FXStreet Team

FXStreet

EUR/USD looks sidelined below 1.1600

EUR/USD remains on the back foot in the latter part of the NA session on Thursday, now attempting a consolidative theme in the sub-1.1600 region. A more cautious market mood, driven by the escalating conflict in the Middle East, together with broad-based strength in the US Dollar, is favouring the continuation of the leg lower in spot.

GBP/USD stays offered near 1.3340

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Crypto Today: Bitcoin, Ethereum, XRP hold weekly gains despite US-Iran war

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Ripple tests recovery strength amid steady ETF inflows, growing retail interest

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