GBPUSD pair is up for the third straight day today. The pair is up by more than 0.36% and is trading at 1.2519, which is higher than this week’s low of 1.2257.
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
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GBPUSD hits the lowest monthly level as the correction from June 10 highs continue, amid weak economic data from the UK. Brexit uncertainty and a rising number of new coronavirus infections
GBPUSD leads gains in today's trading but both fundamentals and technicals suggest that any upward movement on the currency pair could be limited.
The GBPUSD pair is little changed today as investors react to the surging number of coronavirus cases in the United States. They are also increasingly concerned about Brexit, with the June 30 deadline nearing. The GBP/USD pair is trading at 1.2400, which is below this week’s high 1.2541.
With a 101-pip loss, GBPUSD was one of the biggest losers yesterday. However, recent Brexit developments could provide the currency pair with support.
GBPUSD was among the biggest winners in yesterday’s trading after UK PMI reports topped expectations. Can it extend its gains today?
The GBPUSD pair is slightly lower today as traders waited for the flash manufacturing and services PMI data from Markit. The pair is trading at 1.2458, which is slightly higher than yesterday’s low of 1.2337.
Just like most major currencies, GBPUSD finished Friday’s trading lower as concerns about the coronavirus pandemic caused risk aversion.