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Pound Sterling Price News and Forecast: GBP/USD tumbles from 20-week high

GBP/USD tumbles from 20-week high as markets reverse flows back into the US Dollar, aimed for 1.2700

The GBP/USD rose in early Thursday’s trading window, climbing to a 20-week high before slumping back and seeing a downside extension sparked by an unexpected climb in US Treasury yields during a 7-year T-note auction.

The US Dollar (USD) is now flat on the week against the Pound Sterling (GBP), declining nearly 0.9% from Thursday’s high as the GBP/USD heads back towards the 1.2700 handle. Read More...

Pound Sterling drops as recession in UK seems likely

The Pound Sterling (GBP) fell vertically from fresh four-month high but is looking to recover as investors hope that the Bank of England (BoE) may maintain a restrictive monetary policy stance, knowing that inflation in the United Kingdom economy is highest in comaprison with other Group of Seven economies. The GBP/USD pair struggles to continue winning streak as the risk-appetite of the market participants has reduced despite early rate cut expectations from the Federal Reserve (Fed). Read More...

GBP/USD holds above 1.2800 amid the USD weakness, focus on US Jobless Claims

The GBP/USD pair extends its upside above the 1.2800 mark during the Asian trading hours on Thursday. The decline in inflationary pressure in the US economy and dovish comments from the Federal Reserve (Fed) have dragged the US Dollar (USD) lower and lent some support to GBP/USD. At press time, the major pair is trading at 1.2810, up 0.09% on the day. Read More...

GBP/USD

Overview
Today last price1.2734
Today Daily Change-0.0066
Today Daily Change %-0.52
Today daily open1.28
 
Trends
Daily SMA201.2653
Daily SMA501.2467
Daily SMA1001.2448
Daily SMA2001.2524
 
Levels
Previous Daily High1.2803
Previous Daily Low1.2699
Previous Weekly High1.2762
Previous Weekly Low1.2612
Previous Monthly High1.2733
Previous Monthly Low1.2096
Daily Fibonacci 38.2%1.2763
Daily Fibonacci 61.8%1.2738
Daily Pivot Point S11.2731
Daily Pivot Point S21.2663
Daily Pivot Point S31.2627
Daily Pivot Point R11.2835
Daily Pivot Point R21.2871
Daily Pivot Point R31.294
 

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