Pound Sterling Price News and Forecast: GBP/USD springs higher, looking for 1.23

FXStreet Team FXStreet

GBP/USD springs higher, looking for 1.23

The GBP/USD is trading higher on Tuesday as market sentiment cautiously recovers following the weekend's Israel-Hamas conflict escalation, and the Pound Sterling (GBP) is catching a bid into fresh two-week highs just shy of 1.2300. Read More...

Pound Sterling refreshes two-week high on cheerful market mood

The Pound Sterling (GBP) stabilizes after recovering from a six-month low as market sentiment improves and Bank of England (BoE) policymaker Katherine Mann calls for a more aggressive approach to bring down inflation to 2%. Last week, BoE Governor Andrew Bailey said he expected inflation to decline to or below 5% by year-end, but added that he doesn’t promise the achievement of price stability in a timely manner. Read More...

GBP/USD: Extra gains likely above 1.2270 – UOB

In the opinion of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, GBP/USD is seen gathering further upside traction once it clears 1.2270. Read More...

GBP/USD

Overview
Today last price	1.2289
Today Daily Change	0.0051
Today Daily Change %	0.42
Today daily open	1.2238

Trends
Daily SMA20	1.2265
Daily SMA50	1.2505
Daily SMA100	1.2605
Daily SMA200	1.244

Levels
Previous Daily High	1.2244
Previous Daily Low	1.2163
Previous Weekly High	1.2262
Previous Weekly Low	1.2037
Previous Monthly High	1.2713
Previous Monthly Low	1.2111
Daily Fibonacci 38.2%	1.2213
Daily Fibonacci 61.8%	1.2194
Daily Pivot Point S1	1.2186
Daily Pivot Point S2	1.2134
Daily Pivot Point S3	1.2105
Daily Pivot Point R1	1.2267
Daily Pivot Point R2	1.2296
Daily Pivot Point R3	1.2349

Author

FXStreet Team

FXStreet

EUR/USD looks to regain the 200-day SMA

EUR/USD regains some balance and trade just above 1.1600 the figure ahead of the opening bell in Asia. The pair initially dipped to the 1.1530 zone for the first time since November, always following the stronger US Dollar and the marked flight-to-safety in the context of the ongoing Middle East crisis

GBP/USD attacks 1.3300, refreshing three-month lows

GBP/USD is deep in the red near 1.3300, accelerating its downside to renew three-month lows in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar capitalizes on increased haven demand.

Gold bounces off lows, back above $5,100

Gold remains on the defensive, eroding part of the recent multi-day advance and managing to trade back above the $5,100 mark per troy ounce on Tuesday. The precious metal initially dropped just below the critical $5,000 threshold on the back of the persistent strength of the Greenback, higher US Treasury yields across the curve and investors' repricing of Fed rate cuts.