Pound Sterling Price News and Forecast: Pound Sterling remains unsettled despite robust US Q4 GDP growth

FXStreet Team FXStreet

Pound Sterling remains unsettled despite robust US Q4 GDP growth

The Pound Sterling (GBP) turns volatile as investors review pack of the United States economic data, released in the early New York session. The US Bureau of Economic Analysis (BEA) has reported that the Gross Domestic Product (GDP) data expanded by 3.3% in the last quarter of 2024 while investors projected a slower growth rate of 2% against 4.9% recorded in the July-September quarter. Fresh orders for Durable Goods were stagnant in Decemebr against expaectations of 1.1%. Meanwhile, Initial Jobless Claims for the week ending January 19 were up at 214K, against expectations of 200K and the former reading of 189K. Read More...

GBP/USD extends its losses following the recent pullback, trades around 1.2710

GBP/USD experiences a downward trend, following the pullback from a recent two-week high at 1.2774 on Wednesday. During the Asian session on Thursday, the GBP/USD pair trades lower near 1.2710. The Pound Sterling (GBP) initially received support following positive Purchasing Managers Index (PMI) data from the United Kingdom (UK). However, this upward momentum could not be sustained after the release of upbeat PMI data from the United States (US). Read More...

GBP/USD posts modest gains above 1.2700, investors await US GDP data

The GBP/USD pair posts modest gains during the early Asian trading hours on Thursday. The major pair reclaims above the 1.2700 mark on the back of the risk-on sentiment. Nonetheless, the release of the preliminary US GDP growth numbers for the fourth quarter (Q4) on Thursday might trigger volatility in the market. At press time, GBP/USD is trading at 1.2717, up 0.01% on the day. Read More...

GBP/USD

Overview
Today last price	1.2697
Today Daily Change	-0.0019
Today Daily Change %	-0.15
Today daily open	1.2716

Trends
Daily SMA20	1.2707
Daily SMA50	1.2656
Daily SMA100	1.2457
Daily SMA200	1.2556

Levels
Previous Daily High	1.2775
Previous Daily Low	1.268
Previous Weekly High	1.2766
Previous Weekly Low	1.2597
Previous Monthly High	1.2828
Previous Monthly Low	1.2501
Daily Fibonacci 38.2%	1.2739
Daily Fibonacci 61.8%	1.2716
Daily Pivot Point S1	1.2673
Daily Pivot Point S2	1.2629
Daily Pivot Point S3	1.2578
Daily Pivot Point R1	1.2768
Daily Pivot Point R2	1.2819
Daily Pivot Point R3	1.2863

Author

FXStreet Team

FXStreet

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