Pound Sterling Price News and Forecast: GBP/USD weakens on upbeat US macro data released on Tuesday

FXStreet Team FXStreet

GBP/USD extends losses below 1.2150 on hot US data, focus shifts to Core PCE, UK GDP

GBP/USD continues the losing streak that began on September 20, trading below 1.2150 during the Asian session on Wednesday. Upbeat economic data from the United States (US) reinforces the prevailing pressure on the pair.

US Consumer Confidence released on Tuesday for September declined to 103.0 from the previous reading of 108.7 in August. While Building Permits rose to 1.541M in August from 1.443M prior. Read more...

GBP/USD now looks at 1.2100 – UOB

Extra weakness could drag GBP/USD to the 1.2100 region in the next few weeks, note UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Read more...

GBP/USD

Overview
Today last price	1.2144
Today Daily Change	-0.0015
Today Daily Change %	-0.12
Today daily open	1.2159

Trends
Daily SMA20	1.2447
Daily SMA50	1.2631
Daily SMA100	1.2634
Daily SMA200	1.2434

Levels
Previous Daily High	1.2216
Previous Daily Low	1.2153
Previous Weekly High	1.2425
Previous Weekly Low	1.2231
Previous Monthly High	1.2841
Previous Monthly Low	1.2548
Daily Fibonacci 38.2%	1.2177
Daily Fibonacci 61.8%	1.2192
Daily Pivot Point S1	1.2136
Daily Pivot Point S2	1.2113
Daily Pivot Point S3	1.2073
Daily Pivot Point R1	1.2199
Daily Pivot Point R2	1.2238
Daily Pivot Point R3	1.2261

Author

FXStreet Team

FXStreet

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