The Pound Sterling remains on the backfoot against the Greenback, yet it bounced off a four-week low of 1.3010 in early trading during the North American session.
GBP/USD fails to gain traction amid mixed US economic data. Sellers remain in charge if prices remain below 1.3055; key support levels areeyed at 1.3001 and 1.2939. Buyers could regain control above 1.3055 and target the 50-DMA The GBP/USD exchanges hands at 1.3040, down 0.54% at the time of writing. GBP/USD Price Forecast: Technical outlook GBP/USD recovered some ground during Thursday’s session following the release of mixed US data.
Once those levels are surpassed, the GBP/USD could test the 100-DMA at 1.2939. 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 Canadian Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD 0.15% 0.31% -0.45% 0.35% 0.05% -0.27% -0.32% EUR -0.15% 0.16% -0.60% 0.19% -0.11% -0.38% -0.47% GBP -0.31% -0.16% -0.76% 0.05% -0.34% -0.53% -0.66% JPY 0.45% 0.
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: Retreats below 1.3100 as traders eye key US CPI dataThe GBP/USD is on the backfoot after spiking to a daily high of 1.3107 after a solid UK jobs report, though it has retreated below the 1.31 handle as traders await the release of US inflation data.
Read more »
GBP/USD Price Forecast: Extends losses below 1.3150 post US CPI dataThe Pound Sterling dropped during the North American session, down 0.30% after UK data showed the economy is slowing down.
Read more »
GBP/USD Price Forecast: Gains ground on soft US jobs dataThe Pound Sterling advanced modestly against the US Dollar on Thursday after economic data showed that factory inflation in the United States (US) was a tick higher than foreseen.
Read more »
GBP/USD Price Forecast: Climbs above 1.3100 as Fed rate cut speculation intensifiesThe GBP/USD edges higher during the North American session, registering gains of over 0.18%, due to increasing expectations that the US Federal Reserve could cut rates by 50 basis points next week.
Read more »
GBP/USD Price Forecast: Hits five-day peak above 1.3200The Pound Sterling rallied in early trading during the North American session against the Greenback, registering gains of over 0.60% and hitting a five-day peak of 1.3214.
Read more »
GBP/USD Price Forecast: Retreats below 1.3200 on strong US dataThe British Pound erased its earlier gains and dropped below 1.3200 against the Greenback after the US Census Bureau reported stronger-than-expected US Retail Sales.
Read more »