Pound Sterling Price News and Forecast: Pound Sterling fails to hold recovery as US Dollar recovers

FXStreet Team FXStreet

Pound Sterling fails to hold recovery as US Dollar recovers

The Pound Sterling (GBP) faces an intense sell-off despite the United States' core Personal Consumption Expenditure (PCE) price index for August remaining softer than anticipated. The monthly core PCE expanded at a nominal pace of 0.1% in August against expectations and the former release of 0.2%. The annualized PCE has softened to 3.9% as expected from the former release of 4.3%. Headline PCE grew by 0.4%, doubling from July’s pace but remained slower than expectations of 0.5%. The headline data was expected to remain hot due to rising energy prices. Read More...

GBP/USD could now move into a consolidative phase – UOB

GBP/USD is now expected to navigate within the 1.2100/1.2380 range in the next few weeks, according to UOB Group’s Markets Strategist Quek Ser Leang and Senior FX Strategist Peter Chia. Read More...

UK Final GDP expands 0.2% QoQ in Q2 vs. 0.2% expected

According to the latest data published by the UK’s National Statistics, the final Gross Domestic Product (GDP) for the second quarter came in at 0.2% QoQ, matching the initial estimate of 0.2% and following a 0.2% expansion in the previous reading. Read More...

GBP/USD

Overview
Today last price	1.2203
Today Daily Change	0.0003
Today Daily Change %	0.02
Today daily open	1.22

Trends
Daily SMA20	1.2394
Daily SMA50	1.2602
Daily SMA100	1.2626
Daily SMA200	1.2435

Levels
Previous Daily High	1.2225
Previous Daily Low	1.212
Previous Weekly High	1.2425
Previous Weekly Low	1.2231
Previous Monthly High	1.2841
Previous Monthly Low	1.2548
Daily Fibonacci 38.2%	1.2185
Daily Fibonacci 61.8%	1.216
Daily Pivot Point S1	1.2139
Daily Pivot Point S2	1.2077
Daily Pivot Point S3	1.2034
Daily Pivot Point R1	1.2243
Daily Pivot Point R2	1.2286
Daily Pivot Point R3	1.2348

Author

FXStreet Team

FXStreet

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