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: GBPCAD – GBPCHF – GBPINR – GBPJPY – GBPUSD.
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 trades close to daily lows amid USD strength across the board. Coronavirus concerns shift investors attention to the safe-haven US Dollar. Investors ignore the recent strong economic data from the UK economy as the coronavirus uncertainty threats global economy. On Friday, the UK Manufacturing production rose in February at [...]
GBPUSD trades close to daily highs supported by stronger UK PMI data. Manufacturing production rose in February at 51.9 beating the expectations of 49.7. The manufacturing PMI is now the highest it has been in almost a year. But firms are reporting that stocks of inputs are taking longer to [...]
GBPUSD jumped over 25 pips after the release of better retail sales from th UK. The United Kingdom Retail Sales came in at 0.9% beating forecasts of 0.7% in January. The yearly reading for the retail sales came in at 0.8% also topping the forecasts of 0.7%, the higher reading [...]
The GBPUSD is slightly up and is trading around the 1.3016 mark (as at the time of writing) after upbeat UK CPI data today. The UK CPI data (monthly) came in at 1.8%, which was better than the 1.6% that the markets were expecting. It was also better than the [...]
GBPUSD is adding 0.17% at 1.3025 after better than expected UK employment data. UK Claimant Count Rate dropped to 3.4% in January from the previous 3.5%. The Unemployment Rate for December came in at 3.8% in line with consensus. The UK Average Earnings Excluding Bonus came in at 3.2%, below [...]
GBPUSD gives up 0.20% at 1.3012 as the pair retreat from ten-day highs after failing to break above the 100-day moving average twice in February. Last week, British pound boosted by the UK GDP for December came in at +0.3% topping the market consensus of +0.2%. The UK Construction output [...]
GBPUSD traded higher in yesterday’s trading amid news that Chancellor of the Exchequer Sajid David’s resignation. The currency pair rallied 126 pips from its intraday low to peak at 1.3068. By the end of the day, it had settled at 1.3042. Sajid Javid, Chancellor of the Exchequer of the UK [...]
Unlike its higher-yielding counterparts, the pound closed yesterday’s trading in the green despite risk aversion. GBPUSD traded to an intraday high of 1.2989 before closing the day at 1.2957, 7 pips higher than its opening price. Fears about the coronavirus outbreak once again sparked risk aversion. This was triggered by [...]
GBPUSD finished yesterday’s trading higher despite pessimistic remarks from BOE Governor Mark Carney. The currency pair closed higher at 1.2951 from its opening price of 1.2914. In his testimony before the House of Lords Economic Affairs Committee, the outgoing BOE Governor expressed his concerns about the coronavirus outbreak. He said [...]
GBPUSD is trading higher in today’s European session following the release of today’s roster of economic data from the UK. The currency pair jumped to 1.2940 after initially trading around its Asian session highs at 1.2920. GBPUSD Chart, 15-minute Read our Best Trading Ideas for 2020. The biggest reports released [...]
