Pound Sterling Price News and Forecast: GBP/USD climbs towards 1.2390

FXStreet Team FXStreet

GBP/USD climbs towards 1.2390, bouncing from lows hit at the 1.2330 area

GBP/USD seesaws during the North American session, around the 1.2360-1.2390 region, around the London Fix, unable to gain a clear direction. Risk appetite increased, which usually favors the Pound Sterling (GBP), but soft UK economic data weighed on the GBP/USD. At the time of writing, the GBP/USD exchanges hands at 1.2391. Read More...

GBP/USD to retest key resistance at 1.2450/60 and beyond – Scotiabank

GBP/USD is on the back foot, having faced rejection at 1.2400. Economists at Scotiabank expect the pair to move higher and retest key resistance at 1.2450/60. Read More...

GBP/USD slides to 1.2350 on downbeat UK Retail Sales and Fed concerns

GBP/USD takes offers to refresh intraday low near 1.2350 as UK Retail Sales disappoint during early Friday. It’s worth noting, however, that the recently hawkish comments from Bank of England (BoE) Governor Andrew Bailey and upbeat forecasts from JP Morgan seem to put a floor under the Cable pair. Read More...

GBP/USD

Overview
Today last price	1.2388
Today Daily Change	0.0001
Today Daily Change %	0.01
Today daily open	1.2387

Trends
Daily SMA20	1.2125
Daily SMA50	1.2099
Daily SMA100	1.1715
Daily SMA200	1.1982

Levels
Previous Daily High	1.2397
Previous Daily Low	1.2313
Previous Weekly High	1.2249
Previous Weekly Low	1.2086
Previous Monthly High	1.2447
Previous Monthly Low	1.1992
Daily Fibonacci 38.2%	1.2365
Daily Fibonacci 61.8%	1.2345
Daily Pivot Point S1	1.2334
Daily Pivot Point S2	1.2281
Daily Pivot Point S3	1.225
Daily Pivot Point R1	1.2419
Daily Pivot Point R2	1.245
Daily Pivot Point R3	1.2503

Author

FXStreet Team

FXStreet

EUR/USD weakens below 1.1700 as Middle East tensions drive US Dollar strength

The EUR/USD pair trades with mild losses around 1.1685, the lowest since late January, during the early Asian session on Tuesday. The US Dollar gathers strength against the Euro as escalating tensions in the Middle East boost safe-haven currencies. The preliminary reading of the Harmonized Index of Consumer Prices from the Eurozone will be published later on Tuesday.

GBP/USD hits new yearly lows near 1.3300

GBP/USD adds to the recent bearish tone, approaching to the key 1.3300 support to reach fresh YTD troughs against the backdrop of the robust performance of the US Dollar. Indeed, Cable’s decline comes amid the firm demand for the safe-haven space in the wake of the US and Israel attacks to Iran.

Gold defends bids as US-Iran war continues to fuel safe-haven flows

Gold retains positive bias for the fifth consecutive day on Tuesday as rising geopolitical tensions in the Middle East continue to underpin safe-haven assets. However, a bullish US Dollar keeps the bullion below its highest level since late January, set on Monday, warranting caution before positioning for any further appreciation.