GBPUSD
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 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.
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GBPUSD News
GBPUSD retreats today from five-month highs, giving up 0.03% at 1.2820 as headlines crossing the wires around the Brexit deal. German chancellor, Angela Merkel said that “we will negotiate on Brexit until the last minute”. Brexit talks will continue in Brussels during the European Council summit today. United Kingdom Retail [...]
European trading session starts with Switzerland September trade balance data 6:00GMT. UK September retail sales data will be released at 8:30GMT. The Eurozone August construction output data is due at 9:00GMT. In American calendar the Housing Starts, Building Permits, Philadelphia Fed Manufacturing Index and Initial Jobless Claims all to be [...]
The GBPUSD is trading well above 1.2800 in the New York session as rumors of a major breakthrough in the latest Brexit deal negotiations hit the markets. The GBPUSD added to its gains after reports claim that the UK’s proposals on the Irish backstop have been accepted by the Democratic [...]
In the last few minutes, the GBPUSD has soared beyond the 1.2750 level on reports of a draft Brexit deal having been reached. Details are still being sought at the moment, but recall that EU Chief Brexit Negotiator Barnier had declared that a legal text of a deal had to [...]
The GBPUSD continues to trade below 1.2700 in consolidation as a flood of Brexit headlines continue to hit the newswires. Optimistic Brexit headlines from the British side of things allowed the GBPUSD to recover slightly in late New York trading yesterday. However, the cautiousness of the headlines from the EU [...]
European calendar starts with the Switzerland September producer and import prices due at 6:30GMT. The France September final CPI figures will be released at 6:45GMT. Pound traders await the UK August average weekly earnings at 8:30GMT, along with UK August ILO unemployment rate and the UK September jobless claims change, [...]
After flirting with 1.2700 last week, the GBPUSD finds itself under pressure once more as renewed Brexit-related uncertainties have reappeared. A round of optimism hit the markets last week on some key concessions on both sides. However, negotiators from the UK and EU have failed to come up with a [...]
GBPUSD starts in weak mode the week as the optimism around Brexit deal fades away. EU chief negotiator Michel Barnier has briefed the EU ambassadors saying that Brexit negotiations have continued over the weekend but “no breakthrough yet”. Headlines that the US and China made progress in trade talks increased [...]
GBPUSD is trading close to daily highs amid high volatility as news from Brexit developments cross the wires. European Council President Tusk said that UK has not come with a realistic and workable proposal but PM Johnson has promised to come forward with a solution that works for all by [...]
GBPUSD is trading 1.12% higher at 1.2342 making fresh daily highs after Johnson and Varadkar joint statement spread optimist around the markets as they agreed to continue their discussions. Tomorrow Taoiseach will consult with the EU Task Force and the UK Brexit Secretary will meet Michel Barnier tomorrow. GBPUSD adds [...]
