Pound Sterling Price News and Forecast: GBP/USD collapses to new 4-week lows at 1.2059

Pound Sterling Price News and Forecast: GBP/USD collapses to new 4-week lows at 1.2059

GBP/USD collapses to new 4-week lows at 1.2059 after robust US economic data

GBP/USD nosedives and extended its losses past the 50 and 200-day Exponential Moving Average (EMA) on Friday after a surprisingly strong jobs report from the United States (US) that increased speculations that the Federal Reserve (Fed) could raise rates back above Wednesday’s 25 basis points mark (bps). At the time of writing, the GBP/USD is trading at 1.2060 after reaching a daily high of 1.2265. Read More…

GBP/USD tumbles to the 1.2100 zone as Dollar jumps on upbeat NFP

TheGBP/USDtumbled from 1.2250 to 1.2100, reaching the lowest level in three weeks after theNFP. During the last hour, it rebounded modestly rising toward 1.2150. Read More…

GBP/USD rebounds from 50 DMA support, climbs back above mid-1.2200s ahead of US NFP

TheGBP/USDpair finds decent support near the 50-day SMA and stages a goodish intraday recovery from the 1.2185-1.2180 region, or a nearly three-week low touched earlier this Friday. The momentum allows spot prices to recover a part of the previous day’sBank of England(BoE)-inspired losses and climb back above the 1.2250 level during the mid-European session. Read More…

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