Today
-0.75%
5 Days
-0.17%
1 Month
+0.98%
6 Months
-1.37%
Year to Date
-0.92%
1 Year
+2.30%
Opening Price
1.345Previous Closing Price
1.345
The downside prevails as long as 1.3388 is resistance, with 1.3325 and 1.3309 as targets
above 1.3388, look for 1.3416 and 1.3432.
The downside prevails as long as 1.3388 is resistance, with 1.3325 and 1.3309 as targets
The Pound Sterling dives by nearly 0.60% against the US Dollar as a stellar US Nonfarm Payrolls report indicates that the labour market is solid and clears the path for additional tightening by the Federal Reserve (Fed). The GBP/USD trades at 1.3371 after peaking near 1.3463.
Michael Pfister at Commerzbank highlights that the Bank of England (BoE) delivered a hawkish rate hike, with unanimous support for tightening and one member backing a larger move. Governor Andrew Bailey signalled more hikes are likely, but gave no timetable.
UOB’s Lee Sue Ann notes that the Bank of England has resumed tightening, lifting the Bank Rate to 4.00% and signalling a hawkish shift as inflation risks re-emerge. The Nov Monetary Policy Report projects CPI near 5.0% by mid-2027 and only back to target in 3Q28. UOB now expects another 25bps hike to 4.25% in Feb, with risks skewed towards further tightening.
The British Pound (GBP) trades lower against the US Dollar (USD) on Friday, extending its correction from an almost eight-week high of 1.3500 to near 1.3425 in the European trade.
The GBP/USD pair attracts some dip-buyers during the Asian session on Friday, stalling the previous day's retracement slide from levels just above the 1.3500 psychological mark, or its highest level since mid-September.
The Bank of England (BoE) raised the UK's Bank Rate to 4% on Thursday, as the market had fully priced, and the Pound's six-session climb has stopped just above 1.3500. GBP/USD reached that level on Wednesday, its highest since mid-September, got there again on Thursday and is trading near 1.3450.
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.