GBPUSD initially traded higher yesterday after the UK jobs data topped consensus but it quickly gave up its gains when the US retail sales beat forecasts.
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: 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
The GBPUSD pair dropped by more than 0.26% as traders reacted to the UK employment and car registration data. The...
Movement on GBPUSD has been limited so far in today’s trading as the market braces for the UK GDP report which is due to be released later this morning.
GBPUSD pare morning gains after a third attempt to the 200-day moving average and as of writing the pair turns to negative territory. British pound runs an impressive rebound from the end of June lows at 1.2250
After rallying strongly at the beginning of yesterday's trading sessions, GBPUSD gave up its gains. Technicals even suggest more downside potential.
The GBPUSD pair is up by more than 20 basis today as traders reflect on the ongoing Brexit talks and...
GBPUSD had a strong rally in yesterday's trading. The technical setup in this morning's trading suggests that the currency pair could extend its gains.
The GBPUSD pair is ticking lower today as traders reflect on the happenings in the global market. The pair is...
Just like most currency pairs, GBPUSD is benefitting from the slight pick up in risk appetite. How will Brexit negotiations dictate the direction on GBPUSD?
GBPUSD has been virtually unchanged from its opening price. However, technicals suggest that it may soon fall by as much as 100 pips!