The Pound Sterling extends its losses against the Greenback in early trading during the North American session, down 0.26%.
GBP/USD declines 0.26% to 1.3076, after peaking at 1.3134, influenced by dovish BoE remarks and rising US Treasury yields. Bearish RSI indicates seller dominance; key supports are at the 50-DMA of 1.3077, 1.3031, and 1.3001. Resistance stands at 1.3100, with additional targets at 1.3134 and the October 4 high of 1.3174. Dovish remarks by the Bank of England Governor Andrew Baileybegan Sterling’s downfalllast week. Therefore, the GBP/USD trades at 1.3076 after hitting a daily high of 1.3134.
Conversely, if the pair rises above 1.3100, look for a re-test of the day’s high of 1.3134, ahead of challenging 1.3150. Up next will be the October 4 peak at 1.3174 before 1.3200. GBP/USD Price Action – Daily Chart 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 New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.03% 0.30% -0.39% 0.32% 0.42% 0.58% -0.35% EUR 0.03% 0.
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