Pound Sterling Price News and Forecast: Pound Sterling struggles to recover

FXStreet Team FXStreet

Pound Sterling struggles to recover despite BoE seems laggard for rate-cut campaign

The Pound Sterling (GBP) is set to end 2023 with decent gains of almost 5.60%. The rally in the Pound Sterling is backed by consistently surging risk-appetite of the market participants due to easing fears of a global recession. Western central banks will likely wind-up their historically faster rate-tightening campaign amid easing price pressures, which has improved appeal for risk-sensitive assets. Read More...

GBP/USD improves to near 1.2740 on subdued US Dollar, focus on UK housing data

GBP/USD attempts to recover its losses registered in the previous session. The GBP/USD pair trades slightly higher around 1.2740 during the Asian hours on Friday. The US Dollar (USD) attempted to halt its losing streak before the end of the year 2023, but it appears to be struggling to stay in positive territory. The US Dollar Index (DXY) trades lower around 101.10 at the time of writing. Read More...

GBP/USD

Overview
Today last price	1.2746
Today Daily Change	0.0013
Today Daily Change %	0.10
Today daily open	1.2733

Trends
Daily SMA20	1.2659
Daily SMA50	1.2478
Daily SMA100	1.2449
Daily SMA200	1.2527

Levels
Previous Daily High	1.2828
Previous Daily Low	1.2713
Previous Weekly High	1.2762
Previous Weekly Low	1.2612
Previous Monthly High	1.2733
Previous Monthly Low	1.2096
Daily Fibonacci 38.2%	1.2757
Daily Fibonacci 61.8%	1.2784
Daily Pivot Point S1	1.2688
Daily Pivot Point S2	1.2643
Daily Pivot Point S3	1.2572
Daily Pivot Point R1	1.2803
Daily Pivot Point R2	1.2873
Daily Pivot Point R3	1.2918

GBP/USD tumbles from 20-week high as markets reverse flows back into the US Dollar, aimed for 1.2700

The GBP/USD rose in early Thursday’s trading window, climbing to a 20-week high before slumping back and seeing a downside extension sparked by an unexpected climb in US Treasury yields during a 7-year T-note auction.

The US Dollar (USD) is now flat on the week against the Pound Sterling (GBP), declining nearly 0.9% from Thursday’s high as the GBP/USD heads back towards the 1.2700 handle. Read More...

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.

GBP/USD weakens below 1.3500 as US launches new wave of strikes against Iran

EUR/USD grinds higher to 1.1450 as USD loses traction

Gold recovers from monthly low; hawkish Fed outlook to limit gains

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war. With risk-loving investors increasingly looking at AI-related stocks and with no visible catalysts ahead, Bitcoin enters the second half of the year facing a crucial question: can it rebuild demand or will the correction deepen?

Asian stock markets mirror US tech sell-off, Nikkei plunges over 4%

Asian stock markets face a sharp sell-off on the last trading day of the week, tracking seeking negative cues from United States equity markets. US technology stocks fell sharply on Thursday as stocks of sophisticated chips extended their losses.

-0.4%: Why the biggest CPI drop since 2020 couldn't buy back a single cut

The June CPI fell 0.4% on the month, the largest one-month decline since April 2020, dragging the annual rate to 3.5% from May's 4.2% and snapping a three-month acceleration streak. Core prices went nowhere, flat on the month and down to 2.6% YoY, both under consensus.