{"id":617453,"date":"2023-03-13T10:00:41","date_gmt":"2023-03-13T15:00:41","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/13\/pound-sterling-price-news-and-forecast-gbp-usd-rises-to-the-highest-levels-in-two-weeks\/"},"modified":"2023-03-13T10:00:41","modified_gmt":"2023-03-13T15:00:41","slug":"pound-sterling-price-news-and-forecast-gbp-usd-rises-to-the-highest-levels-in-two-weeks","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/13\/pound-sterling-price-news-and-forecast-gbp-usd-rises-to-the-highest-levels-in-two-weeks\/","title":{"rendered":"Pound Sterling Price News and Forecast: GBP\/USD rises to the highest levels in two weeks"},"content":{"rendered":"
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GBP\/USD Price Analysis: Cable bulls prod 50-DMA hurdle above 1.2100 as the key week begins<\/h2>\n

GBP\/USD takes the bids to refresh a three-week high near 1.2125-30 during early Monday morning in Europe. It should be noted that the multiple catalysts including the UK\u00a0jobs report\u00a0and the US inflation data highlight\u00a0this week\u00a0an important one for the Cable<\/a> traders.<\/p>\n

That said, the quote cheers the upside break of the 21-DMA and previous resistance lines from early February. Adding strength to the north-side bias are the recently bullish MACD signals and the above 50 levels of RSI (14) that back the last week\u2019s recovery moves. Read more…<\/a><\/p>\n

<\/a><\/p>\n

GBP\/USD bulls are in the market testing bear commitments at 1.2100<\/h3>\n

GBP\/USD\u00a0is 0.33% higher after the pair moved up from a low of 1.2063 to a high of 1.2103 following its biggest jump since January\u00a06 while the US Dollar weakens\u00a0broadly after Friday’s US\u00a0labour market.<\/p>\n

Nonfarm Payrolls showed a robust\u00a0jobs\u00a0growth although the rise in the Unemployment Rate<\/a> and signs of cooling wage inflation have led markets to trim\u00a0bets that the Federal Reserve will raise interest\u00a0rates\u00a0as sharply. The United States added 311,000 payrolls in February and the unemployment rate rose to 3.6%. However, a\u00a0survey of economists polled by Reuters expected the United States to have added 205,000 jobs last month and the unemployment rate to hold steady at 3.4%. Average hourly earnings rose 0.2% last month after gaining 0.3% in January, below expectations of 0.3%. Read more…<\/a><\/p>\n<\/p><\/div>\n

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Read More<\/a>
\n Nancie Pepper<\/p>\n","protected":false},"excerpt":{"rendered":"

GBP\/USD Price Analysis: Cable bulls prod 50-DMA hurdle above 1.2100 as the key week begins GBP\/USD takes the bids to refresh a three-week high near 1.2125-30 during early Monday morning in Europe. It should be noted that the multiple catalysts including the UK\u00a0jobs report\u00a0and the US inflation data highlight\u00a0this week\u00a0an important one for the Cable<\/p>\n","protected":false},"author":1,"featured_media":617454,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2794,32662],"tags":[],"class_list":{"0":"post-617453","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-pound","8":"category-sterling"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/617453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=617453"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/617453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/617454"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=617453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=617453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=617453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}