The Pound Sterling extended its gains on Thursday following better-than-expected data from the UK as the economy expanded above estimates.
The GBP/USD climbs sharply as US inflation disappoints; UK economy exceeds expectations. Technical outlook remains bullish with RSI near overbought, signaling potential for further gains. Key resistance levels: 1.2950, 1.2995, and 1.3142; support at 1.2894, 1.2860, and 1.2800 if pullback occurs. US inflation missed the mark, coming softer a headwind for the Greenback. Therefore, the GBP/USD trades at 1.2927, up 0.62%.
2894, followed by the June 12 high turned support at 1.2860 and the 1.2800 mark. 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 US Dollar. USD EUR GBP JPY CAD AUD NZD CHF USD -0.45% -0.58% -1.95% -0.08% -0.54% -0.59% -0.67% EUR 0.45% -0.12% -1.50% 0.37% -0.09% -0.13% -0.22% GBP 0.58% 0.12% -1.39% 0.50% 0.03% -0.02% -0.09% JPY 1.95% 1.50% 1.
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