The Pound Sterling bounced off daily/weekly lows and rose above the 1.2700 figure on Wednesday as risk appetite improved after a Bank of Japan (BoJ) official commented the BoJ wouldn’t raise rates amid market instability.
GBP/USD climbs above 1.2700 as risk sentiment improves. Technical outlook: Neutral to bearish; key support at August 6 low and 200-DMA . For bullish momentum, GBP/USD needs to hold above 1.2700 and aim for 50-DMA at 1.2785 and the 1.2800 mark. The Pound Sterling bounced off daily/weekly lows and rose above the 1.2700 figure on Wednesday as risk appetite improved after a Bank of Japan official commented the BoJ wouldn’t raise rates amid market instability. Therefore, the GBP/USD trades at 1.
2700 and lift the spot price toward the 50-DMA, that could exacerbate a test of the 1.2800 mark. 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 Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD -0.02% -0.25% 2.21% -0.45% -0.62% -1.21% 1.68% EUR 0.02% -0.24% 2.24% -0.44% -0.63% -1.18% 1.72% GBP 0.25% 0.24% 2.46% -0.20% -0.40% -0.90% 1.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Price Analysis: Rises above 1.2800 amid weak US data fueling rate cut hopesThe Pound Sterling rallied sharply against the US Dollar after recent economic data from the United States (US) sparked speculation that the US Federal Reserve might cut interest rates faster than expected.
Read more »
GBP/USD Price Analysis: Edges lower yet remains above 1.2800The Pound Sterling is under pressure in early trading during the North American session, dropping some 0.12% after the Bank of England (BoE) cut interest rates to 5.25% in a 5-4 tight vote split.
Read more »
GBP/USD Price Analysis: The first upside target to watch is above 1.2800The GBP/USD pair trades on a stronger note around 1.2875 during the early European trading hours on Monday.
Read more »
GBP/USD Price Analysis: Bullish potential seems intact while above 1.2900 markThe GBP/USD pair struggles to capitalize on the previous day's modest bounce from the 1.2900 neighborhood and oscillates in a narrow trading band during the Asian session on Tuesday.
Read more »
GBP/USD Price Analysis: Holds position above 1.2900; next support at 14-day EMAGBP/USD breaks its two-day losses, trading around 1.2920 in Monday's Asian session.
Read more »
GBP/USD Price Analysis: Surges above 1.3000 post UK inflation dataThe Pound Sterling has climbed sharply, breached the 1.3000 figure for the first time since July 19, 2023, and exchanged hands at 1.3020 above its opening price by 0.36%, following a mixed inflation report in the UK.
Read more »