Pound Sterling Price News and Forecast: GBP/USD suffers amid strong US Dollar, high US yields


GBP/USD suffers amid strong US Dollar, high US yields

The GBP/USD slumped more than 0.40% in the mid-North American session amid a strong US Dollar (USD) and high US Treasury bond yields underpinning the Greenback to the detriment of the Pound Sterling (GBP). At the time of writing, the major exchanges hands at 1.2657 after hitting a daily high of 1.2747. Read More...
 

GBP/USD builds on expectation as BoE to maintain restrictive policy, trades near 1.2740

GBP/USD moves on an upward trajectory for the second successive session on Tuesday, inching higher to near 1.2740 during the Asian trading hours. The Bank of England (BoE) is expected to maintain its current restrictive policy stance in the upcoming meeting. This sentiment is supported by a Reuters poll in which economists anticipate the Bank of England to keep the policy rate unchanged at 5.25% during the February meeting. The expectations of a status quo in monetary policy contribute to the positive performance of the Pound Sterling (GBP), which in turn, underpins the GBP/USD pair. Read More...
 

GBP/USD holds above 1.2700 ahead of UK, US PMI data

The GBP/USD pair holds above the 1.2700 psychological mark during the early Asian session on Tuesday. The rebound of the major pair is supported by an improved risk appetite. Investors will keep an eye on the preliminary UK S&P Global PMI for January on Wednesday, which is expected to remain upbeat. At press time, GBP/USD is trading at 1.2713, gaining 0.04% on the day. Read More...

GBP/USD

Overview
Today last price 1.2667
Today Daily Change -0.0042
Today Daily Change % -0.33
Today daily open 1.2709
 
Trends
Daily SMA20 1.2714
Daily SMA50 1.2646
Daily SMA100 1.2454
Daily SMA200 1.2553
 
Levels
Previous Daily High 1.2733
Previous Daily Low 1.2687
Previous Weekly High 1.2766
Previous Weekly Low 1.2597
Previous Monthly High 1.2828
Previous Monthly Low 1.2501
Daily Fibonacci 38.2% 1.2715
Daily Fibonacci 61.8% 1.2705
Daily Pivot Point S1 1.2686
Daily Pivot Point S2 1.2663
Daily Pivot Point S3 1.264
Daily Pivot Point R1 1.2732
Daily Pivot Point R2 1.2756
Daily Pivot Point R3 1.2778

 

 

 
Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

AUD/USD: The hunt for the 0.7000 hurdle

AUD/USD: The hunt for the 0.7000 hurdle

AUD/USD quickly left behind Wednesday’s strong pullback and rose markedly past the 0.6900 barrier on Thursday, boosted by news of fresh stimulus in China as well as renewed weakness in the US Dollar.

AUD/USD News
EUR/USD refocuses its attention to 1.1200 and above

EUR/USD refocuses its attention to 1.1200 and above

Rising appetite for the risk-associated assets, the offered stance in the Greenback and Chinese stimulus all contributed to the resurgence of the upside momentum in EUR/USD, which managed to retest the 1.1190 zone on Thursday.

EUR/USD News
Gold holding at higher ground at around $2,670

Gold holding at higher ground at around $2,670

Gold breaks to new high of $2,673 on Thursday. Falling interest rates globally, intensifying geopolitical conflicts and heightened Fed easing bets are the main factors. 

Gold News
Ethena Labs launches new UStb stablecoin backed by BlackRock's BUIDL token

Ethena Labs launches new UStb stablecoin backed by BlackRock's BUIDL token

Ethena Labs announced on Thursday that it has released a new stablecoin product, UStb. The new stablecoin will be fully collateralized by BlackRock's USD Institutional Digital Liquidity Fund and function similarly to a traditional stablecoin.

Read more
RBA widely expected to keep key interest rate unchanged amid persisting price pressures

RBA widely expected to keep key interest rate unchanged amid persisting price pressures

The Reserve Bank of Australia is likely to continue bucking the trend adopted by major central banks of the dovish policy pivot, opting to maintain the policy for the seventh consecutive meeting on Tuesday.

Read more
Five best Forex brokers in 2024

Five best Forex brokers in 2024

VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals. 

Read More

Forex MAJORS

Cryptocurrencies

Signatures