GBPUSD is back at the 1.30 after a difficult week. The EU Summit that just ended last week had two important points on its agenda – the Brexit and coronavirus. As such, all the rumors and pieces of news that came out of Brussels sent the GBPUSD on a rollercoaster. […]
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, which initially started the day on a bullish note, has pulled back after comments from the UK Prime Minister’s spokesman late Friday. The spokesman indicated on Friday that trade talks with the EU were over. He was quoted as saying that the EU’s Chief Brexit Negotiator Michel Barnier […]
The much-awaited E.U. Summit enters straight line, and the GBPUSD moves directionless. It popped at the start of the Brussels reunion above 1.30, only to give back all the gains and fall to 1.29 again. The price action mentioned above pretty much sums up what happened on the GBPUSD pair […]
The pound to dollar (GBPUSD) pair is little changed today after it experienced some volatility yesterday. The pair is trading at 1.3025, which is significantly higher than yesterday’s low of 1.2861 but lower than the high of 1.3062. Brexit was the major catalyst for the pound to dollar price yesterday. […]
The 1.30 level keeps playing a pivotal role in the GBPUDS pair. This time, the market formed a bearish divergence right above it, triggering a sharp rejection ahead of the all-important E.U. Summit at the end of the week. Cable traders must calibrate their expectations as news from both sides […]
The GBPUSD price is little changed today as traders react to the disappointing UK jobs data. The pair is trading at 1.3050, which is in the same range it was yesterday. Data from the Office of National Statistics (ONS) showed that the country’s unemployment rate rose from 4.1% in July […]
The GBP to USD (GBPUSD) price rose to an intraday high of 1.3040 ahead of a crucial week for the UK and EU relations. The pair is trading at the highest level since September 8. There are two main factors moving the GBPUSD price today. First, the market is concerned...
The GBP to USD (GBP/USD) is little changed today as the market reflects on the disappointing economic data from the United Kingdom. The pair is trading at 1.2943, which is a few pips below the intraday high of 1.2956. In an early morning data dump, the Office of National Statistics...
The GBPUSD price is little changed today as investors react to the strong housing sector in the UK and the likelihood of a Brexit deal. The pair is up by just 0.10% and is trading at 1.2933, which is still above yesterday’s low of 1.2845. The housing sector has been […]
US equities are rising today as investors digest the US stimulus situation. Futures tied to the Dow Jones, S&P 500, and Nasdaq 100 have gained by 0.45%. In Asia, the Hang Seng index has jumped by 0.92% while the Nikkei 225 is down by 0.10%. Meanwhile, in Europe, futures tied […]