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.
Despite the lack of economic data from the UK, GBPUSD still managed to close higher in yesterday’s trading. The currency pair surged to a high of 1.3151 before closing at 1.3136 with an 89-pip gain for the day. It would seem that most of the gains on GBPUSD can still [...]
With eight days to the January 30 Bank of England rate meeting, the rate markets are anticipating the central bank to ease the interest rate from 0.75% to 0.50% with a likelihood of 61%. Weak GDP growth and comments from the head of the bank, Mr. Mark Carney, and other [...]
GBPUSD finished yesterday’s trading higher despite risk aversion looming thanks to positive labor data from the UK. The currency pair rose to an intraday high of 1.3083 before finishing the day at 1.3047, 44 pips higher from where it opened. According to the Office for National Statistics, there were only [...]
The pound surged in today’s European trading as the employment data from the UK topped forecasts. GBPUSD is up close to 50 pips from where it was trading an hour ago at 1.3036. According to data from the Office for National Statistics, Claimant Count Change for December was at 14,900. [...]
Retail Sales Contracted in December On Friday, the pound lost ground to the US dollar following the UK’s disappointing retail sales report. GBPUSD dropped from its intraday high of 1.3117 to 1.3006. The currency pair then finished the day at 1.3009, with a 68-pip loss. According to data released by [...]
BOJ Rate Decision The Bank of Japan(BOJ) is scheduled to take center stage on Tuesday. In its monetary policy meeting, there are no changes expected to its current interest rate level at -0.10%. There is some sense of optimism that BOJ Governor Haruhiko Kuroda will announce an upgrade on growth [...]
GBPUSD gives up over 50 pips after weaker retail sales data from the UK. United Kingdom Retail Sales (month over month) registered at -0.6%, well below forecasts of 0.7% in December, the yearly reading came in at 0.9% also below estimates of 2.6%. Retail Sales ex-fuel (year over year) came [...]
UK CPI Falls to 3-Year Low Despite worse-than-expected inflation data from the UK, GBPUSD still managed to finish yesterday’s trading in the green. The currency fell to an intraday low of 1.2984 after initially trading at 1.3041 when the CPI reading for December printed at 1.3%. This figure was below [...]
GBPUSD Benefits from US CPI Unlike the euro, the pound benefitted from the US CPI report in yesterday’s trading and helped GBPUSD find a bottom at 1.2953. According to the Bureau of Labor Statistics, the headline CPI figure for December came in as expected at 0.2%. On the other hand, [...]
The pound was under heavy selling pressure yesterday as bad news came from all fronts. GBPUSD dropped to an intraday low of 1.2960 before closing the day at 1.2987, down 45 pips from where it opened. BOE Turning More Dovish First, there was the news that the Bank of England [...]
Q1 Global Market Outlook
Published: January 2020 | Authors: Alejandro Zambrano, Martin Lam, and Ramy Abouzaid.
The year is almost over, and it is time to try to figure out what 2020 has to offer. Read our special report today to learn which markets could be offering the best opportunities according to the InvestingCube team.
