Pound Sterling Price News and Forecast: GBP/USD trips down below 1.2200 on risk-aversion, strong USD

FXStreet Team FXStreet

GBP/USD trips down below 1.2200 on risk-aversion, strong USD

The British Pound (GBP) still trades on the back foot against the US Dollar (USD) slumps below the 1.2200 psychological level, with sellers setting their sights on the 1.2000 figure. The GBP/USD is trading at 1.2159 after hitting a daily high of 1.2215. Read More...

Pound Sterling tumbles on stubborn inflation and poor economic outlook

The Pound Sterling (GBP) remains on a bearish trajectory as investors worry about the UK’s economic outlook. The GBP/USD pair weakens further as a persistent Consumer Price Index (CPI) and a restrictive interest rate policy by the Bank of England (BoE) continue to accelerate the burden on households. The outlook for the GBP/USD pair worsened further as the UK’s Services PMI remained below the 50.0 threshold for the second straight month in September in an S&P Global preliminary PMI report. Read More...

GBP/USD risks further decline near term – UOB

Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia at UOB Group see GBP/USD facing extra downside in the short-term horizon. Read More...

GBP/USD

Overview
Today last price	1.2159
Today Daily Change	-0.0053
Today Daily Change %	-0.43
Today daily open	1.2212

Trends
Daily SMA20	1.2471
Daily SMA50	1.2649
Daily SMA100	1.2639
Daily SMA200	1.2434

Levels
Previous Daily High	1.2256
Previous Daily Low	1.2194
Previous Weekly High	1.2425
Previous Weekly Low	1.2231
Previous Monthly High	1.2841
Previous Monthly Low	1.2548
Daily Fibonacci 38.2%	1.2218
Daily Fibonacci 61.8%	1.2232
Daily Pivot Point S1	1.2185
Daily Pivot Point S2	1.2159
Daily Pivot Point S3	1.2123
Daily Pivot Point R1	1.2247
Daily Pivot Point R2	1.2282
Daily Pivot Point R3	1.2309

Author

FXStreet Team

FXStreet

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