The United Kingdom started today its gradual opening and the British Pound celebrated by opening the trading week with a bid tone. The market is currently trading above 1.3750, and the price action suggests further upside possible. No important economic events are expected from the United Kingdom this week, and […]
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
GBP/USD is trading higher as the market cools off after its reaction to the lower-than-expected UK PMI numbers. The country’s services PMI in March came in at 56.3 compared to the forecasted 56.8. Besides, the composite PMI missed the estimates of 56.6 at its actual’s 56.4. However, GBP/USD is finding […]
The US Non-Farm Payroll report released a few minutes ago shows that the US economy added 916K jobs, which beat the market expectation of 652K jobs and also surpassed February’s addition of 468K jobs. This number represents the highest number of jobs added to the US economy since August 2020. […]
One of the most interesting pairs to trade during the pandemic was GBP/USD. Since last November, the market is in a strong rally, with the series of higher highs and higher lows still holding. Currently, the market struggles at dynamic resistance given by the upper edge of a bullish flag, […]
The dollar continues its march higher across the board, and the GBP/USD reflects its strength accordingly. The pair trades with a heavy tone during the NFP week, but the series of higher highs and higher lows on the daily chart remains in place. However, a small head and shoulder formation […]
GBP/USD is up by 0.24% at $1.3766 ahead of the UK retail sales. Analysts expect the core retail sales to have risen by 1.9% in February, compared to January’s -8.8%. Subsequently, the annualized drop will be at 1.5%. Furthermore, the ongoing pandemic is expected to have pushed the retail sales […]
The GBP/USD pair suffers from the dollar’s strength and from worse than expected data out of the United Kingdom. The pair formed a head and shoulders pattern and tried to reverse the bearish trend three consecutive times now. It failed at every attempt, as the 1.40 proved to be tough […]
GBP/USD has been on a downtrend for a month now as the United Kingdom struggles with the third wave of coronavirus. The country has marked a one-year anniversary of Covid-19 lockdown. Since the onset of the disease, it has recorded over 126,000 coronavirus-related deaths. This places it at the top […]
GBP/USD has continued Monday’s sideways trading ahead of UK Average Earnings Index and other employment numbers. The Average Earnings Index focuses on the labour cost for businesses and government agencies. This acts as a growth indicator of personal income. In today’s release, analysts expect a reading of 4.9%; 2 points […]
GBP/USD remains under pressure amid the ongoing row between the EU and UK on vaccine supplies. The president of the European Commission has indicated that the EU is considering halting coronavirus vaccine exports to the UK if the country does not start sharing shots with the bloc. This comes at […]