Pound Sterling recovers amid rate cut rumblings in the UK and US

FXStreet Team FXStreet

GBP/USD recovers amid rate cut rumblings in the UK and US

The Pound Sterling stages a mild recovery against the US Dollar in the mid-North American session, as the Greenback remains offered amid speculations the Federal Reserve would cut rates in June. At the time of writing, the GBP/USD trades at 1.2639. gains 0.32%. Read More...

GBP/USD gets a pick-me-up after last week’s heavy selling

GBP/USD saw a fillip on Monday, rising by almost four tenths of a percent to the mid 1.2600s on a mixture of better-than-expected UK retail sales data, profit taking after the recent steep sell-off and the US Dollar (USD) being broadly sold following intervention by authorities to prop up their currencies in Asia. Read More...

GBP/USD rebounds on subdued US Dollar, inches higher to near 1.2600

GBP/USD snaps a two-day losing streak, retracing recent losses and trading near 1.2600 during the early European session on Monday. The decline in the US Dollar (USD) appears to be the catalyst underpinning the GBP/USD pair. Read More...

GBP/USD

Overview
Today last price	1.2638
Today Daily Change	0.0036
Today Daily Change %	0.29
Today daily open	1.2602

Trends
Daily SMA20	1.2725
Daily SMA50	1.2682
Daily SMA100	1.2639
Daily SMA200	1.2593

Levels
Previous Daily High	1.2675
Previous Daily Low	1.2575
Previous Weekly High	1.2804
Previous Weekly Low	1.2575
Previous Monthly High	1.2773
Previous Monthly Low	1.2518
Daily Fibonacci 38.2%	1.2614
Daily Fibonacci 61.8%	1.2637
Daily Pivot Point S1	1.256
Daily Pivot Point S2	1.2518
Daily Pivot Point S3	1.246
Daily Pivot Point R1	1.2659
Daily Pivot Point R2	1.2717
Daily Pivot Point R3	1.2759

Author

FXStreet Team

FXStreet

EUR/USD slumps below 1.1750 as USD benefits from risk-aversion

EUR/USD comes under renewed bearish pressure in the European session and trades below 1.1750 following a recovery attempt earlier in the day. The US Dollar gathers strength and weighs on the pair as investors seek refuge in the wake of Israel and the United States' joint attack on Iran.

GBP/USD targets 1.3500 barrier near moving averages

GBP/USD rebounds from the daily losses, trading around 1.3450 during the Asian hours on Monday. The technical analysis of the daily chart indicates an ongoing bearish bias, as the pair trades within a descending channel pattern.

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