The Pound Sterling begins the week on the back foot, tumbling over 0.30% against the Greenback amid fears that US President-Elect Donald Trump might impose tariffs, deteriorated risk appetite.
GBP/USD tilts downward; key support at 1.2833 could open path to 200-day SMA at 1.2816. Break below major support may shift bias bearish, targeting August low of 1.2664. Buyers need a close above 100-day SMA at 1.2992 to regain momentum toward 1.3099. Hence, the risk-sensitive GBP/USD pair fell below the 1.2900 figure, trading at 1.2876. GBP/USD Price Forecast: Technical outlook From a technical perspective, the GBP/USD remains consolidated but slightly tilted to the downside.
Still it consolidated at around familiar levels, hinting that sellers are not fully in charge. 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 Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.62% 0.35% 0.68% 0.27% 0.11% -0.02% 0.39% EUR -0.62% -0.29% 0.15% -0.24% -0.42% -0.54% -0.15% GBP -0.35% 0.29% 0.36% 0.06% -0.13% -0.25% 0.15% JPY -0.
Currencies Technical Analysis Riskaversion
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 Forecast: Dives below 1.3000 and tests 100-DMAThe Pound Sterling extended its losses against the US Dollar for two straight days, with sellers clearing the 1.3000 figure decisively, which could pave the way for further downside.
Read more »
GBP/USD Price Forecast: Dips below 100-day SMA, sellers target 1.2900The Pound Sterling extended its losses for the third straight day against the Greenback amid a scarce economic docket in the UK that will feature remarks of Bank of England (BoE) Governor Andrew Bailey.
Read more »
GBP/USD Price Forecast: Bears have the upper hand while below 1.3000 markThe GBP/USD pair attracts fresh sellers following the previous day's good two-way price move and slides closer to mid-1.2900s during the Asian session on Tuesday.
Read more »
GBP/USD Price Forecast: Slips below 1.3000 on risk aversionThe Pound Sterling is losing some ground against the Greenback.
Read more »
GBP/USD Price Forecast: Falls deeper below 1.3000 on strong US DollarThe Pound Sterling dropped from around 1.2980 on Friday as the Greenback recovered some ground following Thursday’s losses.
Read more »
GBP/USD Price Forecast: Remains capped below the 100-period EMA, UK Autumn Budget in focusThe GBP/USD pair trades in negative territory around 1.3005 on Wednesday during the early European trading hours.
Read more »