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.

Live GBPUSD Chart


GBPUSD News

GBPUSD Retreats From Daily High, Stops at 50 Hour MA

GBPUSD Retreats From Daily High, Stops at 50 Hour MA

GBPUSD turned sharply lower at 1.2131 after the pair rejected at 1.2172 the daily high. The pair last week got a boost from the UK Retail Sales which rose 0.2% m/m in July beating forecasts, suggesting that the British economy is in better shape than investors feared. GBPUSD stopped at [...]
GBPUSD Rebounds Above 1.21 Helped By Better Retail Sales

GBPUSD Rebounds Above 1.21 Helped By Better Retail Sales

GBPUSD trades 0.18% higher at 1.2118 after yesterday the UK Retail Sales rose 0.2% m/m in July beating forecasts, suggesting that the British economy is in better shape than investors feared. GBPUSD managed today to breach above 1.21 regaining the short term positive momentum. The last hour the pair breached [...]
GBPUSD Flat Despite Better Jobs Data

GBPUSD Flat Despite Better Jobs Data

GBPUSD trades 0.04% lower at 1.2070 after UK wages excluding bonuses increased by 3.9% y/y compared to 3.8% y/y expected, the wages including bonuses rose by 3.7% y/y meeting expectations, while the ILO unemployment rate came in at 3.9% topping expectations of 3.8%. GBPUSD fights to fly away from recent [...]

Preview of Economic News Releases for the Week

What are the key economic news releases for the week? Monday has no news releases of note, so Tuesday is when things will kick off, starting with the Average Earnings Index from the UK at 8.30am GMT. At 12.30pm GMT, the CPI data as well as its core component will [...]