Pound Sterling struggles at 200-DMA, retreats toward 1.2500

FXStreet Team FXStreet

GBP/USD Price Analysis: Struggles at 200-DMA, retreats toward 1.2500

The Pound Sterling weakened against the US Dollar on Friday, even though economic data from the UK was better than expected. Fears that the US economy may slow more sharply than expected as consumer sentiment deteriorates. The GBP/USD trades at 1.2510, down 0.10%. Read More...

Pound Sterling rises as UK economy comes out of shallow recession

The Pound Sterling (GBP) extends its upside to 1.2540 in Friday’s early New York session as the United Kingdom (UK) Office for National Statistics (ONS) posted strong preliminary Q1 Gross Domestic Product (GDP) numbers. The agency showed that the economy expanded at a strong rate of 0.6% against expectations of 0.4% after contracting by 0.3% in the last quarter of 2023. Read More...

GBP/USD rises to near 1.2540, driven by higher UK GDP

GBP/USD edged higher to near 1.2540 during Asian hours on Friday, buoyed by the release of higher-than-expected UK Gross Domestic Product (GDP) data for the first quarter. GDP (QoQ) rose by 0.6%, reversing the previous quarter's decline of 0.3%, surpassing expectations of a 0.4% increase. Additionally, GDP (YoY) increased by 0.2%, rebounding from the previous decline of 0.2%. Read More...

GBP/USD

Overview
Today last price	1.2526
Today Daily Change	0.0002
Today Daily Change %	0.02
Today daily open	1.2524

Trends
Daily SMA20	1.2481
Daily SMA50	1.2602
Daily SMA100	1.2639
Daily SMA200	1.2544

Levels
Previous Daily High	1.2527
Previous Daily Low	1.2446
Previous Weekly High	1.2635
Previous Weekly Low	1.2466
Previous Monthly High	1.2709
Previous Monthly Low	1.23
Daily Fibonacci 38.2%	1.2496
Daily Fibonacci 61.8%	1.2477
Daily Pivot Point S1	1.2471
Daily Pivot Point S2	1.2418
Daily Pivot Point S3	1.239
Daily Pivot Point R1	1.2552
Daily Pivot Point R2	1.258
Daily Pivot Point R3	1.2633

Author

FXStreet Team

FXStreet

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