Pound Sterling Price News Forecast: GBP/USD retreats towards 1.0600, bears eye record low on BOE’s hesitance

FXStreet Team FXStreet

GBP/USD retreats towards 1.0600 as bears again eye record low on BOE’s hesitance

GBP/USD fades bounce off the all-time low marked on Monday, easing to 1.0670 during the early Asian session on Tuesday, as pessimism surrounding the UK remains intact. Also exerting downside pressure on the Cable pair is the hawkish Fedspeak ahead of the week’s key US data. Read more...

GBP/USD

Overview
Today last price	1.0698
Today Daily Change	-0.0162
Today Daily Change %	-1.49
Today daily open	1.086

Trends
Daily SMA20	1.1475
Daily SMA50	1.1808
Daily SMA100	1.2045
Daily SMA200	1.2654

Levels
Previous Daily High	1.1274
Previous Daily Low	1.084
Previous Weekly High	1.1461
Previous Weekly Low	1.084
Previous Monthly High	1.2294
Previous Monthly Low	1.1599
Daily Fibonacci 38.2%	1.1006
Daily Fibonacci 61.8%	1.1108
Daily Pivot Point S1	1.0708
Daily Pivot Point S2	1.0557
Daily Pivot Point S3	1.0274
Daily Pivot Point R1	1.1143
Daily Pivot Point R2	1.1426
Daily Pivot Point R3	1.1577

GBP at record lows on tax cuts – More UK interest rate rises to come, USD strength continues [Video]

Did you see the collapse of GBP today? Watch the video here

GBP/USD Forecast: Will bears stay on sidelines amid BoE speculation?

GBP/USD has erased a large portion of its daily losses after having touched a new all-time low of 1.0340 in the early Asian session. The pair was last seen edging higher toward 1.0800 and bears could stay on the sidelines for the now while trying to figure out whether or not the Bank of England (BoE) will take action to stop the British pound's devaluation. Read more...

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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.

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