The current exchange rate is USD 1.2706. The price is down -0.05% today, almost unchanged compared to yesterday’s trading. The last low was recorded on 26.05. at around USD 1,232, while the last high was reached on 16.06. was around USD 1,285. The currency pair has been in an upward movement since the end of May.
The next resistance is at USD 1.2978, while on the other side the next support is at USD 1.2303. It is expected that the GBP/USD could complete a slight upward movement towards 1.285 USD. However, if the price falls below the support at 1.2683 USD, this could lead to a decline towards 1.26 USD.
It is important to note that the development of the price can also be influenced by current economic data. In the coming days, key economic dates include U.S. initial jobless claims at 2:30 p.m. Thursday, JOLTs job openings at 4 p.m. and U.S. unemployment rate at 2:30 p.m. Friday. These dates could have a particular impact on the value of the dollar, creating volatility for the currency pair.
