Pound Sterling Price News and Forecast: GBP/USD under selling pressure

FXStreet Team FXStreet

GBP/USD under selling pressure amid sentiment deterioration mixed US data

The Pound Sterling (GBP) trimmed some of its earlier losses versus the US Dollar (USD) but remained on the defensive, registering modest losses of 0.%, as the GBP/USD exchanges hands at 1.2166 after hitting a daily high of 1.2211. Read More...

Pound Sterling turns subdued as high inflation dampens outlook

The Pound Sterling (GBP) faced selling pressure near 1.2200 after a recovery attempt prompted by the United Kingdom inflation data. The Office for National Statistics (ONS) reported that inflation in September remained marginally higher than expectations. The GBP/USD pair could come out of the woods as the stalled inflation report would elevate risks of further policy-tightening by the Bank of England (BoE) in the November monetary policy meeting. Read More..

GBP/USD extends losses around 1.2170, awaits UK CPI

GBP/USD extends losses on the second successive day, trading lower around 1.2160 during the Asian session on Wednesday. The upbeat economic data from the United States (US) exerts pressure on the pair. Read More...

GBP/USD

Overview
Today last price	1.2157
Today Daily Change	-0.0026
Today Daily Change %	-0.21
Today daily open	1.2183

Trends
Daily SMA20	1.2203
Daily SMA50	1.2442
Daily SMA100	1.2596
Daily SMA200	1.2444

Levels
Previous Daily High	1.2217
Previous Daily Low	1.2133
Previous Weekly High	1.2337
Previous Weekly Low	1.2123
Previous Monthly High	1.2713
Previous Monthly Low	1.2111
Daily Fibonacci 38.2%	1.2165
Daily Fibonacci 61.8%	1.2185
Daily Pivot Point S1	1.2138
Daily Pivot Point S2	1.2094
Daily Pivot Point S3	1.2054
Daily Pivot Point R1	1.2222
Daily Pivot Point R2	1.2262
Daily Pivot Point R3	1.2307

Author

FXStreet Team

FXStreet

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.