The Pound Sterling enjoys a good rebound off the weekly low of 1.3087 and rises in early trading on Wednesday during the North American session, climbing over 0.22% against the Greenback.
GBP/USD breaks above 1.3140, gaining short-term momentum as RSI tilts in favor of buyers. Clearing 1.3200 opens the door to challenge the YTD peak of 1.3266, with further resistance at 1.3300. Sellers must push below 1.3140 to test key support levels at 1.3100 and 1.3043. Soft US jobs data increased the odds of a 50-basis points rate cut by the Federal Reserve and underpinned the GBP/USD higher, trading at 1.3163.
3043, July 17 high turned support, followed by the 1.3000 figure, and the 50-day moving average would be up next at 1.2905. 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 US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.38% -0.39% -0.95% -0.34% -0.47% -0.38% -0.24% EUR 0.38% 0.00% -0.51% 0.06% -0.08% 0.03% 0.14% GBP 0.39% -0.01% -0.49% 0.
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