GBP/USD Price Forecast: Retreats below 1.2750 amid strong US Dollar

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GBP/USD Price Forecast: Retreats below 1.2750 amid strong US Dollar
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The Pound Sterling tumbled after failing to clear the 1.2800 figure for the third consecutive day, trading at 1.2720, down over 0.17% daily.

Cable slides 0.17%, unable to sustain gains against a strengthening US Dollar Index, now at 106.36. GBP/USD's failure to surpass the 200-day SMA at 1.2820 signals potential for further pullback. Downward pressure increases, with possible support targets at 1.2600 and the November 22 low of 1.2486. Cable erased its earlier minuscule gains amid a session characterized by US Dollar strength, with the US Dollar Index up over 0.19%, at 106.36.

2600 before challenging the November 22 swing low of 1.2486. 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 New Zealand Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.46% 0.17% 0.55% 0.15% 1.03% 1.15% 0.44% EUR -0.46% -0.28% 0.08% -0.32% 0.57% 0.69% -0.01% GBP -0.17% 0.28% 0.33% -0.03% 0.85% 0.97% 0.27% JPY -0.55% -0.08% -0.33% -0.39% 0.50% 0.

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