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GBP Price News and Forecast: GBP/USD to reclaim 200-day moving average during Thanksgiving week

GBPUSD Weekly Forecast: GBPUSD to reclaim 200-day moving average during Thanksgiving week

GBPUSD BUYERS Still unstoppable for the second week in a row, despite the lack of bullish momentum from the much-anticipated UK Autumn Budget. Sterling has also remained resilient to the dollar’s recent rally as attention now turns to the minutes of the U.S. Federal Reserve’s November policy meeting, which will be released during Thanksgiving week. read more…

GBP/USD holds gains around 1.1900 amid dollar weakness, lacks bullish conviction

GBP/USD maintained modest intraday gains during the European morning and is currently trading around the 1.1900 round-figure mark. A combination of factors helped GBP/USD regain positive momentum on the final day of the week as investors ignored the rather modest UK government’s £55 billion fiscal plan outlined in the Autumn Budget. Yes Expectations that the Bank of England will continue to raise interest rates to combat stubbornly high inflation are positive for the pound. Beyond that, better-than-expected UK monthly retail sales data provided some support for spot prices amid weak dollar price action. Read more…

GBP/USD

Overview

Today’s Latest Price 1.1884

Today Daily change 0.0000

Today’s daily change% 0.00

Today’s daily opening 1.1884

Trend

Daily SMA 201.1584

Daily SMA501.137

Daily SMA1001.1645

Daily SMA2001.2224

level

previous day high 1.1951

The low of the previous day was 1.1858

The high of the previous week was 1.2029

previous weekly low 1.171

previous month high 1.1646

Previous month low 1.0924

Daily Fibonacci 38.2% 1.1915

Daily Fibonacci 61.8% 1.1893

Daily Pivot Point S11.1844

Daily Pivot Point S21.1805

Daily Pivot Point S31.1751

Daily Pivot Point R11.1937

Daily Pivot Point R21.19 9

Daily Pivot Point R31.203

GBP/USD moves higher as traders eye US existing home sales

To 1.1880 Sterling (GBP) edged north of 1.1880 on risk appetite, as indicated by US stock futures climbing for no fundamental reason after a string of Fed officials signaled rates would remain low .

At the time of writing, GBP/USD was trading at 1.1882, 0.35% above its opening price, taking advantage of broad-based weakness in the US Dollar (USD). read more…

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