Pound Sterling Price News and Forecast: GBP/USD trades in a narrow range below 1.2700, US GDP data looms


GBP/USD trades in a narrow range below 1.2700, US GDP data looms

The GBP/USD pair trades in a tight range below the 1.2700 psychological mark during the early Asian session on Wednesday. The US GDP growth number for the fourth quarter will be due later in the day ahead of the Bank of England's (BoE)’s Catherine Mann speech. The major pair currently trades near 1.2685, up 0.03% on the day. Read More...

GBP/USD

Overview
Today last price 1.2667
Today Daily Change -0.0014
Today Daily Change % -0.11
Today daily open 1.2681
 
Trends
Daily SMA20 1.263
Daily SMA50 1.2676
Daily SMA100 1.2541
Daily SMA200 1.2572
 
Levels
Previous Daily High 1.2697
Previous Daily Low 1.266
Previous Weekly High 1.271
Previous Weekly Low 1.2579
Previous Monthly High 1.2786
Previous Monthly Low 1.2597
Daily Fibonacci 38.2% 1.2674
Daily Fibonacci 61.8% 1.2683
Daily Pivot Point S1 1.2662
Daily Pivot Point S2 1.2643
Daily Pivot Point S3 1.2625
Daily Pivot Point R1 1.2698
Daily Pivot Point R2 1.2716
Daily Pivot Point R3 1.2735

 

 

GBP/USD middles just below 1.2700 ceiling, markets await US GDP, PCE inflation

GBP/USD cycled around 1.2680 on Tuesday as markets look for a fresh push from the Federal Reserve (Fed) with investors steadily pushing away from elevated rate cut bets. US Gross Domestic Product (GDP) and Personal Consumption Expenditure Price Index (PCE) inflation numbers are due this week. Read More...

Pound Sterling confines in a tight range as focus shifts to US economic data

The Pound Sterling (GBP) is stuck in a narrow range in Tuesday’s session as investors seek fresh economic triggers that could provide insights into the timing of rate cuts by the Bank of England (BoE).  The GBP/USD pair consolidates as the upside seems restricted as rate cuts by the BoE are inevitable, while more correction in the US Dollar has capped the downside. Read More...
 
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