GBPUSD slumps to daily lows after better than expected employment date from the USA. The United States Nonfarm Payrolls (NFP) came in at 1763K in July, beating the expectations of 1600K
In this section, you will find important GBPUSD news, actionable trading ideas, and a live GBPUSD chart to help you understand the markets better.
GBPUSD is also known as Cable amongst Forex traders is the ticker symbol in FX markets that represents how many US dollars you can buy with one British Pound. The price of the pair is affected by changes in both economies and could be affected by changes in monetary policy from the Bank of England and or the US central bank, the Federal Reserve (FED).
GBPUSD is one of the major currency pairs and offers high liquidity in the markets and low spreads. Since the 2016 Brexit referendum, the pair has entered a high volatility era as investors try to evaluate what the price of GBP will be after the official divorce from the EU.
Live GBPUSD Chart
The GBPUSD is up by more than 0.30% as traders react to the Bank of England (BOE) interest rate decision. As was widely expected, the bank left interest rate unchanged at 0.10% and left its quantitative easing program intact. The decision came two days after analysts at Bank of America […]
The GBPUSD pair is up slightly at 06:00 (GMT) as investors react to the Bank of England (BOE) interest rate decision. The pair is trading at 1.3173, which is its highest level since March this year. In its rates decision, the BOE did what most analysts were expecting. It left […]
GBPUSD regain today the positive momentum as the pressure to USD returns after politicians in Washington failed to reach an agreement and continue to negotiate on the new relief package that will support the US economy
GBPUSD slide today testing the 1.30 mark as the correction that started three days ago continue today. USD is attracting some bids today across the board after several days of selling pressure.
GBPUSD bullish setup at the 1.30 level
GBPUSD is one of the strongest performers in today’s trading despite news of lockdowns in some parts of the UK being reimposed.
Triangle as a reversal pattern broke higher - bullish GBPUSD setup
GBPUSD seesaws today having hit earlier fresh four-month highs as the pressure on USD eased today. Risk-on sentiment drives investors away from the USD, which acted as a safe haven asset
Just like most of the major currency pairs, GBPUSD is enjoying a bullish start to today’s trading on the back of USD weakness.