Pound Sterling Price News and Forecast: GBP/USD rebounds to 1.2700 as PCE eases in the US


GBP/USD rebounds to 1.2700 as PCE eases in the US, the GBP ends quarter on higher note

GBP/USD recovered lost ground on the last day of the week, month, and quarter, rising more than 0.80% after hitting a daily low of 1.2599. Upbeat data from the United Kingdom (UK) and inflation edging lower in the United States (US) boosted the Pound Sterling (GBP), set to finish the month with gains of 2%. At the time of writing, the GBP/USD is trading at 1.2717. Read More...
GBP/USD Daily chart

GBP/USD recovery fades below 1.2650 despite unimpressive UK GDP, Fed inflation eyed

GBP/USD reverses from intraday high while paring the first daily gains in three around 1.2620 amid early Friday morning in London. In doing so, the Pound Sterling fails to justify the unimpressive UK Gross Domestic Product (GDP) data while portraying the cautious mood ahead of the key US inflation clues. Read More...
 

UK Final GDP expands 0.1% QoQ in Q1 vs. 0.1% expected

The UK economy grew 0.1% on the quarter in the first three months of 2023 vs. 0.1% prior, the final revision confirmed on Friday. The market had expected an expansion of 0.1% in the first quarter. Read More...

GBP/USD

Overview
Today last price 1.2718
Today Daily Change 0.0103
Today Daily Change % 0.82
Today daily open 1.2615
 
Trends
Daily SMA20 1.2639
Daily SMA50 1.2544
Daily SMA100 1.2373
Daily SMA200 1.2103
 
Levels
Previous Daily High 1.2667
Previous Daily Low 1.2591
Previous Weekly High 1.2845
Previous Weekly Low 1.2685
Previous Monthly High 1.268
Previous Monthly Low 1.2308
Daily Fibonacci 38.2% 1.262
Daily Fibonacci 61.8% 1.2638
Daily Pivot Point S1 1.2582
Daily Pivot Point S2 1.2549
Daily Pivot Point S3 1.2506
Daily Pivot Point R1 1.2657
Daily Pivot Point R2 1.27
Daily Pivot Point R3 1.2733

 

 

 
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