Yesterday, GBPUSD led losses among the major currencies after the BOE rate statement. Technicals suggest there is more downside potential ahead.
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 is little changed today even after the Bank of England (BOE) delivered its interest rate decision. The pair is trading at 1.2535, which is 0.25% lower than the day’s open. The EURGBP pair, on the other hand, is slightly higher and is trading at 0.8942.
The GBPUSD pair is little changed today as investors wait patiently for the Bank of England (BOE) interest rate decision....
The GBPUSD pair is little changed in the Asian session as traders react to the upbeat US retail sales data and the mixed CPI data from the UK.
The GBPUSD pair’s momentum eased after the Office of National Statistics (ONS) released mixed employment numbers from the UK. The pair is now trading at 1.2643, which is below the overnight’s high of 1.2687.
GBPUSD is trading lower ahead of a busy week with UK labor data and the BOE rate decision on deck. Will the BOE really increase its QE later this week?
The GBPUSD comes under scrutiny as the Bank of England's MPC meets to decide interest rates and the Asset Purchase Facility on June 18. How will the GBPUSD react and what other factors will come into play? Sign up to find out more from this preview.
The GBPUSD pair declined slightly after the Office of National Statistics (ONS) released some of the worst economic numbers on...
Compared to the other major currencies, gains on GBPUSD brought about by the FOMC statement were limited and it quickly gave up its gains. Why?
At 8 am London time, the GBPUSD reached a new monthly high at 1.2786, as the US Dollar drifted lower...