Pound Sterling Price News and Forecast: GBP/USD pound sterling faces next support at 1.2670 [Video]

FXStreet Team FXStreet

GBP/USD retreats towards 50-day SMA [Video]

GBPUSD has been stuck in a rangebound pattern since mid-November, unable to adopt a clear directional impetus. Although the pair exploded higher and posted a fresh seven-month high after conquering the 50-day simple moving average (SMA), it quickly reversed back within its neutral structure. Read more...

GBP/USD Forecast: Pound Sterling faces next support at 1.2670

Following Monday's indecisive action, GBP/USD lost its traction and dropped to its lowest level in nearly two weeks below 1.2700. The near-term technical outlook suggests that the pair is about to turn oversold. Read more...

GBP/USD: Support below 1.2675/1.2680 sits at 1.2600/1.2610 – Scotiabank

GBP/USD trades weaker below support in the low 1.2700s. Economists at Scotiabank analyze the pair’s outlook.

UK CPI data due on Wednesday and Thursday’s BoE decision may help limit near-term losses. Read more...

GBP/USD

Overview
Today last price	1.2693
Today Daily Change	-0.0036
Today Daily Change %	-0.28
Today daily open	1.2729

Trends
Daily SMA20	1.2716
Daily SMA50	1.2685
Daily SMA100	1.262
Daily SMA200	1.2593

Levels
Previous Daily High	1.2747
Previous Daily Low	1.2718
Previous Weekly High	1.2865
Previous Weekly Low	1.2725
Previous Monthly High	1.2773
Previous Monthly Low	1.2518
Daily Fibonacci 38.2%	1.2729
Daily Fibonacci 61.8%	1.2736
Daily Pivot Point S1	1.2715
Daily Pivot Point S2	1.2702
Daily Pivot Point S3	1.2686
Daily Pivot Point R1	1.2744
Daily Pivot Point R2	1.276
Daily Pivot Point R3	1.2773

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.