The British Pound posted losses of 0.10% against the US Dollar after US economic data suggested that inflation remains above the Federal Reserve’s 2% goal.
GBP/USD struggles after new four-month low, as US PPI data indicates persistent inflation. Technical analysis shows potential for further declines, with next key support at 1.2600. Recovery targets for GBP/USD include retesting 1.2700 and aiming for the 200-day SMA at 1.2817. Headline PPI rose the most in four months on an annual basis for October, while core PPI accumulated three straight months of higher readings. The GBP/USD trades at 1.2692 after hitting a daily peak of 1.2710.
2700, followed by the November 13 high at 1.2768. They must reclaim the 200-day Simple Moving Average at 1.2817 if surpassed. GBP/USD Price Chart – Daily British Pound PRICE Today The table below shows the percentage change of British Pound against listed major currencies today. British Pound was the strongest against the Swiss Franc. USD EUR GBP JPY CAD AUD NZD CHF USD 0.08% 0.10% 0.14% 0.17% 0.13% 0.08% 0.20% EUR -0.08% 0.02% 0.07% 0.09% 0.04% -0.00% 0.12% GBP -0.10% -0.02% 0.06% 0.08% 0.
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