The Pound Sterling prolonged its agony and fell for the second straight day after the Bank of England’s decision to hold rates unchanged, signaling that the beginning of the easing cycle is coming.
GBP/USD remains heavy as BoE delivers ‘dovish’ hold. UK Retail Sales crushed estimates, but PMIs were softer. Tested 50-DMA, bounced but remains above 100-DMA, sitting at 1.2638. Additionally, mixed UK economic data, with Retail Sales exceeding estimates but flash PMIs softening, hints the economy might be slowing. The GBP/USD trades at 1.2636, down 0.16%. GBP/USD Price Analysis: Technical outlook After diving to its lowest level since May 15 at 1.
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 Japanese Yen. USD EUR GBP JPY CAD AUD NZD CHF USD 0.14% 0.19% 0.32% 0.09% 0.23% 0.10% 0.25% EUR -0.14% 0.05% 0.22% -0.04% 0.12% -0.02% 0.10% GBP -0.19% -0.05% 0.14% -0.11% 0.05% -0.10% 0.07% JPY -0.32% -0.22% -0.14% -0.24% -0.09% -0.23% -0.04% CAD -0.09% 0.04% 0.11% 0.24% 0.13% -0.00% 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 Analysis: Extends losses past 1.2700, traders eye 100-DMAThe Pound Sterling collapsed during the North American session, below the 1.2700 figure after the Bank of England (BoE) decided to keep rates unchanged but hinted at a possible cut in the summer.
Read more »
GBP/USD Price Analysis: Consolidates above 1.2700 mark as traders await BoE policy updateThe GBP/USD pair trades with a mild negative bias during the Asian session on Thursday and moves further away from the weekly low, around the 1.2740 area touched the previous day.
Read more »
GBP/USD Price Analysis: Holds steady above mid-1.2600s, not out of the woods yetThe GBP/USD pair is seen oscillating in a range during the Asian session on Friday and consolidating the previous day's post-Bank of England (BoE) decline to over a one-month low.
Read more »
GBP/USD Price Analysis: Climbs back above 1.2700 on US holidayThe Pound Sterling modestly gains versus the Greenback on Wednesday, amid thin liquidity conditions, due to US traders being in observance of Juneteenth.
Read more »
GBP/USD Price Analysis: Shooting star emerges as sellers eye 1.2600Early during the North American session, the British Pound dropped against the Greenback after data from the United States showed that business activity was picking up.
Read more »
GBP/USD Price Analysis: Subdued despite climbing above 1.2700The British Pound erases some of its previous losses against the US Dollar and rises some 0.29%, as the GBP/USD aims above 1.2700 after bouncing off a daily low of 1.2674.
Read more »