Pound Sterling Price News and Forecast: GBP/USD tumbles, heading towards 1.2100 on UK PMI miss, US data beats

FXStreet Team FXStreet

GBP/USD tumbles, heading towards 1.2100 on UK PMI miss, US data beats

The GBP/USD is shedding pips on Tuesday, declining from a one-week high just shy of the 1.2300 handle after UK Purchasing Managers' Index (PMI) figures printed red while US PMI data broadly beat the Street, climbing over market forecasts and chalking in accelerating economic activity in the US economy. Read More...

Pound Sterling recovery falters on weak UK PMI, US Dollar recovers

The Pound Sterling (GBP) faces some sell-off in an attempt to capture the crucial resistance of 1.2300. It seems merely a correction as more upside seems possible amid improved market sentiment and better-than-anticipated employment data. The UK Office for National Statistics (ONS) reported that the labor market shed jobs for the third time in a row in the quarter to August, but the number of jobs lost was lower than expected. Moreover, the Unemployment Rate fell and remained below the expectations, indicating stable labor market conditions. Read More...

GBP/USD: Upward momentum continues to build – UOB

Further upside could lift GBP/USD to the 1.2340 zone in the near term, according to UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More...

GBP/USD

Overview
Today last price	1.2161
Today Daily Change	-0.0088
Today Daily Change %	-0.72
Today daily open	1.2249

Trends
Daily SMA20	1.2184
Daily SMA50	1.24
Daily SMA100	1.2585
Daily SMA200	1.2444

Levels
Previous Daily High	1.2259
Previous Daily Low	1.2144
Previous Weekly High	1.222
Previous Weekly Low	1.209
Previous Monthly High	1.2713
Previous Monthly Low	1.2111
Daily Fibonacci 38.2%	1.2215
Daily Fibonacci 61.8%	1.2188
Daily Pivot Point S1	1.2175
Daily Pivot Point S2	1.2102
Daily Pivot Point S3	1.206
Daily Pivot Point R1	1.2291
Daily Pivot Point R2	1.2332
Daily Pivot Point R3	1.2406

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FXStreet Team

FXStreet

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