{"id":183931,"date":"2023-10-31T00:42:07","date_gmt":"2023-10-30T19:12:07","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=183931"},"modified":"2023-10-31T00:42:07","modified_gmt":"2023-10-30T19:12:07","slug":"gbp-usd-aimed-at-1-22-as-us-dollar-eases-back-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/gbp-usd-aimed-at-1-22-as-us-dollar-eases-back-crypto-news\/","title":{"rendered":"GBP\/USD aimed at 1.22 as US Dollar eases back &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>The GBP\/USD is seeing a bounce as the US Dollar eases back ahead of mid-week Fed.<\/strong><\/li>\n<li><strong>UK data continues to miss the mark as BoE looms ahead for Thursday.<\/strong><\/li>\n<li><strong>Traders to keep an eye out with another NFP Friday over the horizon.<\/strong><\/li>\n<\/ul>\n<p>The GBP\/USD is finding some bids for Monday, rebounding from the day&#8217;s early lows just south of the 1.2100 handle, and the Pound Sterling has a target set on 1.2200 ahead of the Federal Reserve&#8217;s (Fed) Wednesday rate call. The Fed will beat the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boe\">Bank of England<\/a> (BoE) to the punch on central bank action this week, with the BoE slated for the day after.<\/p>\n<p>Both central banks are expected to keep <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\">rates<\/a> steady this week, especially with another round of US <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/economic-indicator\/nfp\">Non-Farm Payrolls<\/a> on the docket for Friday, but investors are approaching both monetary policy institutions with very different attitudes.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/market-to-punish-gbp-on-impression-that-boe-is-not-doing-enough-intensifies-to-fight-price-risks-commerzbank-202310301019\">Market to punish GBP on impression that BoE is not doing enough\u00a0 \u2013 Commerzbank<\/a><\/p>\n<p>Concerns continue to mount that the UK&#8217;s central bank is risking too little movement, exposing the British economy to further inflation despite a lagging economy set to tip even further into the downside if rates go up any higher.<\/p>\n<p>On the US side, investors are all but hoping and pleading for the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\">Fed<\/a> to get pushed into a rate cut cycle sooner rather than later, but a firm economy and limited downside sees the Fed set to hold rates higher for longer.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD Technical Outlook<\/h2>\n<p>The Pound Sterling is bidding up on Monday climbing over 0.6% from the day&#8217;s early-week lows below 1.2100, and the pair is set for a re-challenge of 1.2200 as long as GBP bidders can hang onto the near-term uptrend.\u00a0<\/p>\n<p>The Price floor for the GBP\/USD sits nearby at eight-month lows near 1.2037, while technical resistance sits at the last swing low near 1.2300.\u00a0<\/p>\n<p>The 50-day Simple Moving Average (SMA) is dipping into the 1.2350 region, while the 200-day SMA is capping off long-term upside from 1.2450.<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD Daily Chart<\/h2>\n<\/p>\n<h2 class=\"fxs_headline_medium\">GBP\/USD Technical Levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The GBP\/USD is seeing a bounce as the US Dollar eases back ahead of mid-week Fed. UK data continues to miss the mark as BoE looms ahead for Thursday. Traders to keep an eye out with another NFP Friday over the horizon. The GBP\/USD is finding some bids for Monday, rebounding from the day&#8217;s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,366,641,255,250,252,247,253,249,256,254],"class_list":["post-183931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-fed","tag-gbpusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=183931"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183931\/revisions"}],"predecessor-version":[{"id":183932,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183931\/revisions\/183932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/4596"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=183931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=183931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=183931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}