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 the Bank of England and or the US central bank, the Federal Reserve (FED).

Related currencies: GBPCADGBPCHFGBPINRGBPJPYGBPUSD.

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

GBP/USD Forecast Ahead of the UK GDP data

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 […]

GBP/USD Outlook Ahead of BoE Governor’s Speech

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 […]

FTSE 100

GBP/USD Finds Strong Resistance Against the 1.42 Area

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 […]

GBP/USD Rises; Aims for 1.4200 On Weak US Data

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 […]

FTSE 100

GBP/USD Bullish While in a Rising Channel

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 Outlook: Implications of the UK Inflation Data

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 on Bullish Consolidation Ahead of UK CPI Data

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%. […]

GBPUSD

GBP/USD: Key Levels to Watch with UK Job Data in Focus

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 […]

GBP/USD Bounces from Support – 1.40 Pivotal Level

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 […]