Financial news and actionable analysis
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).
Related currencies: GBPCAD – GBPCHF – GBPINR – GBPJPY – GBPUSD.
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.
GBPUSD has recouped most of its losses for the past few trading days. Yesterday marked the third consecutive day of gains for the currency pair, can it extend its winning streak even further?
GBPUSD stabilize today after weaker retail sales but seems that the market has already discount much of the weaker economic data. UK Retail Sales came in at -0.3% below the expectations of 0.2% in February. The yearly reading for Retail Sales came in at 0% below the consensus of 0.8%....
GBPUSD is trading slightly higher today following the UK CPI data for February. As of this writing, the currency pair is up by 0.67% or 78.3 points at 1.1838. GBPUSD, 15-minute chart Read our Best Trading Ideas for 2020. According to the Office for National Statistics, the headline CPI figure...
GBPUSD initially traded higher during the Asian session on profit-taking but the currency pair is now under selling pressure as risk aversion once again creeps in. The currency pair has fallen from an intraday high of 1.1713 and is currently trading at 1.1630, below its open price at 1.1669....
GBPUSD hit in the early Asian session the multi-year lowest level at 1.1411 but managed to rebound sharply and reversed all of yesterday’s loses. The Bank of England in a surprising move yesterday cut the interest rates from 0.25% to 0.1%. The BOE also announced the increase of UK government...
