The GBP/USD price momentum is accelerating even as the UK economic situation continues to get worse. The GBPUSD rose to 1.3750, which is the highest level in more than two-and-a-half years. Today, focus will be on the tone of the Federal Reserve. What happened: The GBP/USD price continued its upward […]
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).
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
The GBP/USD is pointing lower ahead of the important UK employment numbers that will come in the morning session. The GBPUSD is trading at 1.3650, which is lower than yesterday’s high of 1.3725. What’s happening: There are three main catalysts pushing the GBP/USD price lower. First, investors are looking ahead […]
The GBPUSD pair is trading higher today, but near-term longs appear capped even as the latest CFTC positioning data indicate that the Pound saw an increase in net long positions to pre-pandemic levels. However, this rise in speculative longs on the Pound may be a function of USD weakness rather […]
The GBP/USD is rising today ahead of the UK employment numbers scheduled for tomorrow and the Fed interest rate decision set for Wednesday. The GBPUSD is trading at 1.3713 which is higher than last week’s low at 1.3518. What’s happening: The UK and US economic calendars will be relatively muted […]
The Pound took a hammering this Friday due to a sharp drop in manufacturing business activity for January 2021. The GBP/USD is down 0.54% as the effect of the national lockdown starts to show. Data showed that the Flash Manufacturing Purchasing Managers Index dropped from 57.5 in December to 52.9 in […]
The GBP/USD is holding steady ahead of the UK retail sales numbers that will come out in the morning session. The GBPUSD pair is trading at 1.3718, which is the highest it has been since April 2018. What’s happening: The GBP/USD has been on an upward momentum in recent days […]
The GBPUSD consolidated since the new year started in what seems to be an ascending triangle. A pattern like this offers resistance against a horizontal level (1.37 in our case), and by the time the price breaks highs, the measured move equals the longest segment of the triangle. In other […]
The GBP/USD is rising ahead of the UK CPI data that will be released at 07:00 GMT. The GBPUSD is trading at 1.3653, which is higher than this week’s low of 1.3520. What happened: The GBP/USD is rising in part due to the overall weaker US dollar. After rising last […]
The GBPUSD bounced back from last week’s lows. The pair ended the previous week on a bearish note, on the back of a higher USD across the board. On Friday, the U.S. markets focused more on the long weekend ahead, as the Martin Luther King holiday loomed ahead. With the […]
The GBP/USD pair is wavering today as traders continued watching the coronavirus issue in the United Kingdom. The GBP to USD is trading at 1.3605, which is an important support level. What happened: The GBP/USD is little changed as the outlook for the UK economy remains dire. The country confirmed […]