Pound Sterling treads water, with upside attempts limited below 1.2670

FXStreet Team FXStreet

GBP/USD treads water, with upside attempts limited below 1.2670

The Sterling found support at the 1.2580 area earlier today, before bouncing up, favoured by a somewhat softer US Dollar during Thursday’s US Session. The pair, however, remains capped below 1.2665, which leaves the broader bearish trend unchanged. Read More...

GBP/USD

Overview
Today last price	1.2621
Today Daily Change	-0.0020
Today Daily Change %	-0.16
Today daily open	1.2641

Trends
Daily SMA20	1.2719
Daily SMA50	1.2679
Daily SMA100	1.2649
Daily SMA200	1.2591

Levels
Previous Daily High	1.2641
Previous Daily Low	1.2606
Previous Weekly High	1.2804
Previous Weekly Low	1.2575
Previous Monthly High	1.2773
Previous Monthly Low	1.2518
Daily Fibonacci 38.2%	1.2628
Daily Fibonacci 61.8%	1.2619
Daily Pivot Point S1	1.2617
Daily Pivot Point S2	1.2593
Daily Pivot Point S3	1.2581
Daily Pivot Point R1	1.2653
Daily Pivot Point R2	1.2665
Daily Pivot Point R3	1.2688

Pound Sterling recovers swiftly as US Dollar falls back

The Pound Sterling (GBP) recovers to 1.2640 against the US Dollar in Thursday’s early New York session. More broadly, the GBP/USD pair struggles for direction as investors wait for fresh cues about when the Bank of England (BoE) will begin reducing interest rates. The United Kingdom’s inflation has come down significantly, but BoE policymakers are expected to adopt a cautious approach as early rate cuts could revamp price pressures again. Read More...

GBP/USD Price Analysis: The next downside target is located at the 1.2600–1.2605 region

The GBP/USD pair remains on the defensive around 1.2630 on Thursday during the early European trading hours. The hawkish tone from Federal Reserve (Fed) Governor Christopher Waller early Thursday has lifted the US Dollar (USD) broadly, which creates a headwind for the GBP/USD pair. Read More...

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FXStreet Team

FXStreet

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