Pound Sterling Price News and Forecast: GBP/USD threatens the 200-day SMA amid dovish bets on the BoE


GBP/USD threatens the 200-day SMA amid dovish bets on the BoE

On Thursday, the GBP/USD turned south and seems to be heading to the 200-day Simple Moving Average (SMA) at 1.2420 for a restest. A resilient USD and falling British yields are responsible for the pair’s movements. Read More...

Pound Sterling exposed to 1.24 as BoE sees interest rate peak near

The Pound Sterling (GBP) cracked significantly amid increasing risk-aversion and dovish remarks from Bank of England (BoE) Governor Andrew Bailey and policymaker Swati Dhingra about September’s monetary policy decision. The GBP/USD pair is expected to remain on tenterhooks as policy divergence between the BoE and the Federal Reserve (Fed) is likely to persist if the UK’s central bank decides to pause the policy-tightening spell. Read More...
 

GBP/USD: Further losses in store near term – UOB

Economist Lee Sue Ann and Markets Strategist Quek Ser Leang at UOB Group suggest GBP/USD risks a deeper retracement in the short-term horizon. Read More...

GBP/USD

Overview
Today last price 1.2471
Today Daily Change -0.0037
Today Daily Change % -0.30
Today daily open 1.2508
 
Trends
Daily SMA20 1.2665
Daily SMA50 1.2769
Daily SMA100 1.2654
Daily SMA200 1.2424
 
Levels
Previous Daily High 1.2588
Previous Daily Low 1.2482
Previous Weekly High 1.2746
Previous Weekly Low 1.2563
Previous Monthly High 1.2841
Previous Monthly Low 1.2548
Daily Fibonacci 38.2% 1.2523
Daily Fibonacci 61.8% 1.2548
Daily Pivot Point S1 1.2464
Daily Pivot Point S2 1.242
Daily Pivot Point S3 1.2358
Daily Pivot Point R1 1.257
Daily Pivot Point R2 1.2632
Daily Pivot Point R3 1.2676

 

 

 
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

EUR/USD retreats from daily highs, holds above 1.0800

EUR/USD retreats from daily highs, holds above 1.0800

EUR/USD loses traction but holds above 1.0800 after touching its highest level in three weeks above 1.0840. Nonfarm Payrolls in the US rose more than expected in June but downward revisions to May and April don't allow the USD to gather strength.

EUR/USD News

GBP/USD struggles to hold above 1.2800 after US jobs data

GBP/USD struggles to hold above 1.2800 after US jobs data

GBP/USD spiked above 1.2800 with the immediate reaction to the mixed US jobs report but retreated below this level. Nonfarm Payrolls in the US rose 206,000 in June. The Unemployment Rate ticked up to 4.1% and annual wage inflation declined to 3.9%. 

GBP/USD News

Gold approaches $2,380 on robust NFP data

Gold approaches $2,380 on robust NFP data

Gold intensifies the bullish stance for the day, rising to the vicinity of the $2,380 region following the publication of the US labour market report for the month of June. The benchmark 10-year US Treasury bond yield stays deep in the red near 4.3%, helping XAU/USD push higher.

Gold News

Crypto Today: Bitcoin, Ethereum and Ripple lose key support levels, extend declines on Friday

Crypto Today: Bitcoin, Ethereum and Ripple lose key support levels, extend declines on Friday

Crypto market lost nearly 6% in market capitalization, down to $2.121 trillion. Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) erased recent gains from 2024. 

Read more

French Elections Preview: Euro to “sell the fact” on a hung parliament scenario Premium

French Elections Preview: Euro to “sell the fact” on a hung parliament scenario

Investors expect Frances's second round of parliamentary elections to end with a hung parliament. Keeping extremists out of power is priced in and could result in profit-taking on Euro gains. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures