Pound Sterling Price News and Forecast: GBP/USD turns south as markets discount a less aggressive BoE

FXStreet Team FXStreet

GBP/USD turns south as markets discount a less aggressive BoE, USD strength

In Tuesday’s session, the GBP/USD fell below the 1.2500 area near 1.2490, seeing nearly 0.14% losses. The main downward driver of the Cable is investors placing dovish bets on the Bank of England (BoE) and the Greenback recovering ground, and markets remain cautious ahead of inflation figures from the US from August. Read More...

Pound Sterling turns vulnerable after disappointing labor market data

The Pound Sterling (GBP) fails to defend its crucial support at 1.2500 after the release of a vulnerable labor market report for July. The GBP/USD pair remains under pressure on signs of increasing unemployment but persistent wage growth. Bank of England (BoE) policymakers are expected to face pressure from a stubborn inflation outlook due to strong wage growth and a bleak labor market outlook due to higher interest rates. Read More...

GBP/USD consolidates its losses above the 1.2500 mark following UK labor data

The GBP/USD pair consolidates its recent losses above the 1.2500 area during the early European trading hours on Tuesday. The major pair currently trades near 1.2515, up 0.04% on the day. Read More...

GBP/USD

Overview
Today last price	1.249
Today Daily Change	-0.0020
Today Daily Change %	-0.16
Today daily open	1.251

Trends
Daily SMA20	1.2635
Daily SMA50	1.2757
Daily SMA100	1.2655
Daily SMA200	1.2428

Levels
Previous Daily High	1.2548
Previous Daily Low	1.2466
Previous Weekly High	1.2643
Previous Weekly Low	1.2446
Previous Monthly High	1.2841
Previous Monthly Low	1.2548
Daily Fibonacci 38.2%	1.2517
Daily Fibonacci 61.8%	1.2498
Daily Pivot Point S1	1.2468
Daily Pivot Point S2	1.2426
Daily Pivot Point S3	1.2386
Daily Pivot Point R1	1.255
Daily Pivot Point R2	1.259
Daily Pivot Point R3	1.2633

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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