Pound Sterling Price News and Forecast: GBPUSD traders are eyeing December’s US Nonfarm Payrolls data

FXStreet Team FXStreet

GBP/USD plunges toward 1.1900 on US data as traders eye US NFP

The GBP/USD plummets from 1.2078 daily highs toward the 1.1910s area on broad US Dollar (USD) strength triggered by solid labor market data. Wall Street is set to register losses, portraying investors’ dampened mood. At the time of writing, the GBP/USD is trading at 1.1912.

GBP/USD

Overview
Today last price	1.191
Today Daily Change	0.0000
Today Daily Change %	0.00
Today daily open	1.191

Trends
Daily SMA20	1.2119
Daily SMA50	1.1947
Daily SMA100	1.1666
Daily SMA200	1.2024

Levels
Previous Daily High	1.2078
Previous Daily Low	1.1873
Previous Weekly High	1.2126
Previous Weekly Low	1.2002
Previous Monthly High	1.2447
Previous Monthly Low	1.1992
Daily Fibonacci 38.2%	1.1952
Daily Fibonacci 61.8%	1.2
Daily Pivot Point S1	1.1829
Daily Pivot Point S2	1.1749
Daily Pivot Point S3	1.1624
Daily Pivot Point R1	1.2034
Daily Pivot Point R2	1.2159
Daily Pivot Point R3	1.2239

FX weekly: Trades results, GBP/USD and EUR/NZD

EUR/AUD target at 1.5300 and 1.5200 traded from 1.5900's to 1.5416 or +500 pips. EUR/NZD top at 1.6900's offered 12 short trades for about 100 pips per trade. GBP/USD failed at vital 1.2500 and traded to 1.1900's. GBP/CAD broke below 1.6700 and traded to target at 1.6300's. EUR/CAD middle 1.4400's.

EUR/USD tumbles below 1.1800 as Middle East turmoil drives US Dollar demand

The EUR/USD pair falls to near 1.1770 during the early Asian session on Monday, pressured by a renewed US Dollar demand. The Greenback gathers strength against the Euro as the conflict across the Middle East is heightening traders' anxiety, boosting the safe-haven currencies.

GBP/USD declines below 1.3450 on Middle East tensions, UK political uncertainty

The GBP/USD pair attracts some sellers to around 1.3420 during the early Asian session on Monday. The US Dollar edges higher against the Cable amid escalating tensions in the Middle East after recent US-Israeli strikes on Iran over the weekend.

Gold jumps over 2% toward $5,400 after US, Israel attack Iran

Gold is on fire at the start of the week, a widely expected move, as investors seek harbor in the traditional store of value, following the continued US and Israel attacks on Iran. The bright metal opened with a bullish gap of about $17 and rallied toward the $5,400 level as Asian traders hit their desks and reacted negatively to the weekend news of the Middle East conflict, rushing for cover in Gold.

Iran escalation: Quick thoughts on markets

Markets are likely to open the week with risk-off, with declines led by airlines, cyclicals and trade-exposed names, while energy, defense and “strategic” sectors may be relatively steadier.

Crisis in the Middle East: The market reaction

A primer on how markets will open on Monday, and why geopolitical risk may not be easily absorbed by financial markets this time around. Geopolitics and events between Iran, the US and the wider Middle East will dominate financial markets on Monday. The situation has continued to escalate as we move through Sunday.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.