GBP/USD is easing ahead of the UK GDP data. On Wednesday, the currency pair rallying was a reaction to the US inflation data. The US Department of Labor indicated that the headline CPI has risen by 5% in May, compared to the forecasted 4.7% and April’s 4.2%. The figure, which […]
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 lower ahead of the speech by Bank of England’s governor Andrew Bailey. The speech, which is scheduled for Wednesday afternoon, will highlight the governor’s thinking on interest rates and the entire health of the UK economy. The governor speech comes a week after Gertjan Vlieghe noted that […]
The GBP/USD exchange rate had a hard time moving above the 1.42 level. Despite the ongoing weakness in the greenback, cable met stiff resistance and was rejected four consecutive times. The weak dollar theme dominated financial markets for the last couple of months. It is truly difficult to find a […]
The GBP/USD pair hit 2-day highs during the New York session, as underwhelming US data put the greenback on the back foot once more. Wednesday’s US Dollar recovery suffered a setback after the US GDP data (prelim) failed to meet the 6.5% expectation, coming in at 6.4% instead. A slump […]
After failing to clear the 2021 high at 1.4241, GBPUSD is turning lower and looks likely to test support at 1.4000 in the coming sessions. Cable had looked on course to set a fresh record for the year against its US counterpart. However, the recent rally appears to be rolling […]
The bullish price action on the GBP/USD pair continues as it remains in a rising channel. Moreover, the price action is powerful enough to hold into the upper side of it, on the back of ongoing US dollar weakness. The weakness in the dollar was the main theme during the […]
GBP/USD is on a bullish consolidation pattern ahead of UK inflation data. Investors’ focus is on April’s retail sales; two days after the National of National statistics released consumer price data. The agency noted that inflation more than doubled amid the country’s recovery from the economic impacts of coronavirus lockdowns. […]
GBP/USD is on a consolidation pattern as investors await further cues from the UK inflation data. However, it has remained above 1,41 after the better-than-expected UK job numbers. On Tuesday, the released data indicated that unemployment rate in March was at 4.8% compared to the expected and prior month’s 4.9%. […]
GBP/USD is trading higher as the market reacts to the next phase of UK reopening and the retreating of the US dollar. On Monday, the UK government further eased COVID-19 restrictions by allowing indoor dining and drinking. However, concerns over the Indian variant will have the government closely monitoring the […]
The GBP/USD pair dropped from above 1.41 this week on the back of higher inflation in the United States than anticipated. Yet, the pair has found support at the 1.40 level and now looks bid at the start of the last trading day of the week. Earlier in the trading […]