Pound Sterling bounces back, recovering part of BoE-related losses
WikiBit 2026-02-06 17:26
The Pound Sterling (GBP) regains ground against its major currency peers on Friday after a sharp fall the previous day, which was driven by the Bank of
GBP/USD gains to near 1.3568 as of writing. The 20-day Exponential Moving Average (EMA) has softened to 1.3591 after a steady ascent, with price holding just beneath it and dampening immediate upside traction.
The 14-day Relative Strength Index (RSI) at 50 (neutral) confirms waning momentum from prior overbought readings.
The flattening 20-day EMA signals consolidation in the near term, though its elevated level still frames the upward trend bias. A decisive daily close back above 1.3591 could extend gains toward the February 4 high of 1.3733, while repeated rejection would keep the pair range-bound.
Disclaimer：
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
- Crypto token price conversion
- Exchange rate conversion
- Calculation for foreign exchange purchasing
0.00