Pound Sterling Price News and Forecast: Pound Sterling weakens as stubborn US inflation improves

FXStreet Team FXStreet

Pound Sterling weakens as stubborn US inflation improves safe-haven demand

The Pound Sterling (GBP) witnesses an intense sell-off in Tuesday’s early American session as the United States Bureau of Labor Statistics (BLS) has reported a hot Consumer Price Index (CPI) report for February, and the United Kingdom Office for National Statistics (ONS) has reported soft Employment data. Read More...

GBP/USD Price Analysis: Rally stalls after touching 200-week SMA

GBP/USD has been rallying higher but it has stalled at the start of the new week after touching resistance at the 200-week Simple Moving Average (SMA). So far, the pullback looks like a correction in an evolving uptrend. Read More...

GBP/USD holds above the 1.2800 mark, eyes on UK labour market, US CPI data

The GBP/USD pair remains on the defensive above the 1.2800 support during the early Asian trading hours on Tuesday. The lower bets on rate cut expectations from the Bank of England (BoE) weigh on the Pound Sterling (GBP). Investors await the UK labour market data and US CPI inflation data on Tuesday for fresh impetus. GBP/USD currently trades near 1.2814, unchanged for the day. Read More...

GBP/USD

Overview
Today last price	1.2791
Today Daily Change	-0.0023
Today Daily Change %	-0.18
Today daily open	1.2814

Trends
Daily SMA20	1.2673
Daily SMA50	1.2678
Daily SMA100	1.2589
Daily SMA200	1.2587

Levels
Previous Daily High	1.2865
Previous Daily Low	1.2795
Previous Weekly High	1.2894
Previous Weekly Low	1.2652
Previous Monthly High	1.2773
Previous Monthly Low	1.2518
Daily Fibonacci 38.2%	1.2822
Daily Fibonacci 61.8%	1.2838
Daily Pivot Point S1	1.2784
Daily Pivot Point S2	1.2755
Daily Pivot Point S3	1.2715
Daily Pivot Point R1	1.2854
Daily Pivot Point R2	1.2895
Daily Pivot Point R3	1.2924

Author

FXStreet Team

FXStreet

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