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.
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GBPUSD News
European and US PMIs to Provide Insight on Economic Health Purchasing Manager’s Indices (PMIs) are surveys to business executives who evaluate economic conditions. Readings above 50.0 indicate expansion while numbers below it point at contraction. On Monday, a roster of PMI reports from Europe and the US for November are [...]
GBPUSD started the Asian trading session hitting fresh yearly highs at 1.3511. As we progressed in the day the pair pared the strong gains and retreated back to 1.34 mark. Pound saw its biggest rally in the decade after the Conservatives secured the majority in UK Parliament. Boris Johnson now [...]
The British Pound is surging in the Asian session on Friday as the Conservative Party looks set to storm to a UK election majority. The GBPUSD has spiked to 18-Month highs, briefly taking out the 1.3500 price level as collated results show the Conservative Party is in a strong lead [...]
The British pound is trading at its highest level in 18 months against the US dollar. As of this writing, GBPUSD is trading at 1.3474. Meanwhile, EURGBP is trading at its lowest level since August 2016 at 0.8282. This translates to the sterling euro exchange rate being at 1.2061, up [...]
On Wednesday, FED chairperson Jerome Powell delivered a dovish statement. Based on his statement, it’s very obvious FED has no interest to hike the interest in 2020. The GBPUSD pair was struggling to clear the resistance at 1.3168. But the bulls surged through this resistance zone after FOMC meeting minutes. [...]
GBPUSD pares earlier losses and hits the unchanged level for the day at 1.3149 after the recent polls suggest a narrowing Conservative’s lead, with the majority now dropped to 28 seats from 68 seats, increasing the possibility of a hung UK parliament. GBPUSD recent strength helped by the polls that [...]
After touching off session highs at 1.3184, the GBPUSD has stalled at that resistance area as today’s YouGov poll shows that the lead of the Conservative Party has narrowed to just 3 points. That’s how close the UK election outcome are expected to be. As poll results keep filtering in, [...]
After breaching the triangle resistance at 1.2937, the GBPUSD pair started to rally higher. However, the bullish rally was capped by the major resistance at 1.3167. The formation of the bearish morning star pattern and the strong NFP data before the closing of the last week indicates bearish correction might [...]
