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

US Non-Farm Payrolls: Outlook for the US Markets and the US Dollar

Friday, June 5, 2020 will usher in the release of yet another edition of the Non-Farm Payrolls report to the markets. The market expectation is for the US economy to have lost 8000K jobs (down from -20500K registered a month earlier), with an increase in the unemployment rate from 14.7% registered previously to 19.5%.

So far, the US markets and the US Dollar have ignored negative employment data in the last two months, as markets appear to have priced in all the negatives in advance. Emphasis has all been on the stimulus packages rolled out by the Fed and other central banks, which acted very quickly to contain the impact of the coronavirus contagion on the various economies. However, this month’s NFP report is coming at a time when the USD is taking a beating in the financial markets. The US markets are also seeing a bit of a stall and are finding it hard to stage the resistance breaks required to retake the 2020 highs.

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GBPUSD

GBPUSD hits 3-week high as Brexit talks to nowhere begin

The GBPUSD pair is sitting pretty at a three-week high even as the market braces for confrontation as the final round of Brexit talks start. The pair is trading at 1.2513, which is the highest it has been since May.

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GBPUSD

GBPUSD Upside Caped By the 50-Day Moving Average

GBPUSD trades slightly higher n a mute day as the markets in the UK are closed for holidays. USD dollar is under pressure today as the risk-on sentiment improves despite the escalation in US-China tensions. GBPUSD lost momentum after the at 1.2650 mark which halted the rebound from the March [...]