Pound Sterling Price News and Forecast: GBP/USD rebounds on risk appetite improvement

FXStreet Team FXStreet

GBP/USD rebounds on risk appetite improvement, BoE’s rate hike expectations

GBP/USD erases last Friday’s losses and climbs above the 1.2750 figure though it remains trading subdued amidst the lack of catalyst involving the Sterling (GBP) and the US Dollar (USD). US Treasury bond yields rise, but the US Dollar (USD) is pressured ahead of the Jackson Hole Symposium. At the time of writing, the GBP/USD is trading at 1.2760, registering gains of 0.22%. Read More...

Pound Sterling falls back as recession risks elevate

The Pound Sterling (GBP) fails to maintain recovery despite Bank of England (BoE) policymakers are expected to raise interest rates further in September’s monetary policy meeting. July’s economic indicators remained mixed: on the labor market, a hiring slowdown was offset by strong wage growth, whereas on the price front, softer headline Consumer Price Index (CPI) due to lower gasoline prices was neutralized by persistently high core inflation. Read More...

GBP/USD expected to maintain the consolidative mood – UOB

GBP/USD is still seen trading within the 1.2640-1.2830 range for the time being, suggest UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang. Read More...

GBP/USD

Overview
Today last price	1.2762
Today Daily Change	0.0028
Today Daily Change %	0.22
Today daily open	1.2734

Trends
Daily SMA20	1.2766
Daily SMA50	1.2788
Daily SMA100	1.2628
Daily SMA200	1.2379

Levels
Previous Daily High	1.2766
Previous Daily Low	1.2689
Previous Weekly High	1.2788
Previous Weekly Low	1.2617
Previous Monthly High	1.3142
Previous Monthly Low	1.2659
Daily Fibonacci 38.2%	1.2719
Daily Fibonacci 61.8%	1.2737
Daily Pivot Point S1	1.2693
Daily Pivot Point S2	1.2653
Daily Pivot Point S3	1.2616
Daily Pivot Point R1	1.277
Daily Pivot Point R2	1.2807
Daily Pivot Point R3	1.2847

Author

FXStreet Team

FXStreet

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