Pound Sterling Price News and Forecast: GBP/USD eyes 1.2200 mark ahead of BoE meeting


GBP/USD steadily climbs back closer to weekly top, eyes 1.2200 mark ahead of BoE meeting

The GBP/USD pair is seen building on the previous day's bounce from sub-1.2100s and gaining some follow-through positive traction during the Asian session on Thursday. The momentum lifts spot prices to the top end of the weekly range, closer to the 1.2200 round figure, and is sponsored by a modest US Dollar (USD) weakness. Read More...

GBP/USD

Overview
Today last price 1.219
Today Daily Change 0.0039
Today Daily Change % 0.32
Today daily open 1.2151
 
Trends
Daily SMA20 1.2184
Daily SMA50 1.2317
Daily SMA100 1.2557
Daily SMA200 1.2436
 
Levels
Previous Daily High 1.2165
Previous Daily Low 1.2096
Previous Weekly High 1.2289
Previous Weekly Low 1.207
Previous Monthly High 1.2337
Previous Monthly Low 1.2037
Daily Fibonacci 38.2% 1.2122
Daily Fibonacci 61.8% 1.2138
Daily Pivot Point S1 1.211
Daily Pivot Point S2 1.2068
Daily Pivot Point S3 1.2041
Daily Pivot Point R1 1.2179
Daily Pivot Point R2 1.2206
Daily Pivot Point R3 1.2247

 

 

GBP/USD remains negative as Fed holds rates unchanged ahead of Powell’s press conference

The GBP/USD oscillates at around 1.2108 after the US Federal Reserve (Fed) decided to keep rates unchanged at the 5.25% - 5.50% range and said it is prepared to adjust its policy stance “as appropriate.” Read More...

Pound Sterling recovers as weak US data improves appeal for risk-sensitive assets

The Pound Sterling (GBP) delivers a vertical recovery as the weak US economic data has improved the risk appetite of the market participants. Investors still await a major action ahead of monetary policy decisions from both the US Federal Reserve (Fed) and the Bank of England (BoE). The GBP/USD pair remains on tenterhooks as investors expect that the BoE will keep interest rates unchanged. Read More...
 
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