“¢ Disappointing UK macro data further dents the already weaker sentiment around GBP. “¢ A modest USD pull-back from multi-week tops helped limit deeper losses, at least for now. “¢ Investors still seemed reluctant to place aggressive bets amid persistent Brexit uncertainties. The GBP/USD pair held on to its disappointing UK macro data-led weakness and is currently placed at the lower end of its daily trading range, around the 1.2900 handle. The British Pound remained depressed at the start of a new trading week and weakened further, dropping to an intraday low level of 1.2894 against the buck, in a knee-jerk reaction to today’s dismal UK macro releases. The downtick, however, turned out to be rather short-lived, with a modest US Dollar pull-back from multi-week tops prompting some short-covering move during the mid-European trading session. The greenback failed to capitalize on the early up-move and was now being weighed down by a slight improvement in risk-sentiment, further reinforced by a goodish pickup in the US Treasury bond yields. Meanwhile, the pair lacked any firm directional bias and remained well within the post-BoE trading range as investors still seemed reluctant to place any aggressive bets amid persistent Brexit uncertainties. Hence, it would be prudent to wait for a strong follow-through selling or a sustained move beyond the key 1.30 psychological mark before positioning for the pair’s next leg of a directional move. Technical levels to watch GBP/USD Overview: Today Last Price: 1.2917 Today Daily change %: -0.14% Today Daily Open: 1.2935 Trends: Daily SMA20: 1.3002 Daily SMA50: 1.2812 Daily SMA100: 1.2891 Daily SMA200: 1.3024 Levels: Previous Daily High: 1.2976 Previous Daily Low: 1.2921 Previous Weekly High: 1.3103 Previous Weekly Low: 1.2854 Previous Monthly High: 1.3214 Previous Monthly Low: 1.2438 Daily Fibonacci 38.2%: 1.2942 Daily Fibonacci 61.8%: 1.2955 Daily Pivot Point S1: 1.2912 Daily Pivot Point S2: 1.2889 Daily Pivot Point S3: 1.2856 Daily Pivot Point R1: 1.2967 Daily Pivot Point R2: 1.3 Daily Pivot Point R3: 1.3023 FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: No big movements for 2019 – Commerzbank FX Street 3 years "¢ Disappointing UK macro data further dents the already weaker sentiment around GBP. "¢ A modest USD pull-back from multi-week tops helped limit deeper losses, at least for now. "¢ Investors still seemed reluctant to place aggressive bets amid persistent Brexit uncertainties. The GBP/USD pair held on to its disappointing UK macro data-led weakness and is currently placed at the lower end of its daily trading range, around the 1.2900 handle. The British Pound remained depressed at the start of a new trading week and weakened further, dropping to an intraday low level of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.