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 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
GBPUSD News
GBPUSD turned sharply lower at 1.2131 after the pair rejected at 1.2172 the daily high. The pair last week got a boost from the UK Retail Sales which rose 0.2% m/m in July beating forecasts, suggesting that the British economy is in better shape than investors feared. GBPUSD stopped at [...]
GBPUSD trades 0.18% higher at 1.2118 after yesterday the UK Retail Sales rose 0.2% m/m in July beating forecasts, suggesting that the British economy is in better shape than investors feared. GBPUSD managed today to breach above 1.21 regaining the short term positive momentum. The last hour the pair breached [...]
GBPUSD trades 0.04% lower at 1.2070 after UK wages excluding bonuses increased by 3.9% y/y compared to 3.8% y/y expected, the wages including bonuses rose by 3.7% y/y meeting expectations, while the ILO unemployment rate came in at 3.9% topping expectations of 3.8%. GBPUSD fights to fly away from recent [...]
The latest Commitment of Traders (COT) report from the Commodities and Futures Trading Commission (CFTC) has been released. According to this CFTC Positioning report for the week which ended on August 6, speculative short positions on the British Pound have continued to increase. As a result, net shorts on the [...]
What are the key economic news releases for the week? Monday has no news releases of note, so Tuesday is when things will kick off, starting with the Average Earnings Index from the UK at 8.30am GMT. At 12.30pm GMT, the CPI data as well as its core component will [...]
The British pound (GBPUSD) has clawed back part of last week’s losses and is now nearing the August 1 low of 1.2079. The August low is essential as the pair traded sideways above the low from August 1 until August 9, and the break to the low opened the door [...]
The British Pound sold off against the Swiss Franc on the back of more safe-haven buying, on the back of poorer-than-expected GDP results from the United Kingdom. The UK GDP came in at 1.2%, which was lower than the market consensus of 1.4%. This preliminary GDP results adds to the [...]
GBPUSD gives up over 40 pips, after worse GDP figures, than expected. The UK Gross Domestic Product (YoY) came in at 1.2% below forecasts of 1.4 in 2Q, 2019. The month over month figure came in at 0%, this was below expectations of 0.1% in June. In the hourly chart [...]
