The Pound Sterling is losing some ground against the Greenback.
GBP/USD begins the week down, struggling to hold above 1.3000. Sellers eye key support at last week’s low of 1.2973, with further downside targets at the 100-DMA and the 200-DMA, each at 1.2959 and 1.2796. Buyers must reclaim 1.3100 to challenge the 50-DMA at 1.3133 and aim for the YTD high of 1.3434. Increasing tensions in the Middle East are spurring a risk-off environment despite China’s efforts to propel its economy. At the time of writing, the GBP/USD trades at 1.2997, down 0.38%.
3133 as they prepare to challenge theyear-to-date high at 1.3434. 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 Australian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.34% 0.47% 0.47% 0.19% 0.64% 0.54% 0.14% EUR -0.34% 0.06% 0.03% -0.09% 0.27% 0.09% -0.30% GBP -0.47% -0.06% -0.02% -0.27% 0.18% 0.07% -0.40% JPY -0.47% -0.03% 0.02% -0.
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