The GBP/USD drifted sideways after a new report by the Macmillan Cancer Support revealed distressing numbers about coronavirus. The pair is also on edge ahead of US Q1 GDP data, pending home sales, and the Fed interest rate decision.
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
GBPUSD has been trading within a 50-pip range which has consequently led to a bullish pennant forming. Will it break out today?
The GBPUSD pair rose by more than 50 basis points as investors reacted to the return of Boris Johnson. The...
GBPUSD is trading in a tight 20-pip range in today’s Asian session, ahead of the release of the UK’s retail sales report for March.
The GBPUSD pair held steady ahead of the release of the flash manufacturing and services PMI data by Markit and...
The GBPUSD pair rose slightly as the market reacted to the latest consumer price index data released by the ONS....
The GBPUSD is now sharply lower in the 2nd trading day of the week, as US Dollar safe-haven demand is...
The GBPUSD pair was little moved today even after the Office of National Statistics (ONS) released jobs numbers for February. The pair held steady at around 1.2417.
On Tuesday, April 21, at 6 am UTC, the data showcasing the UK Labour market conditions will be released. These...
The GBPUSD pair stalled today as the European Union and the UK restart the stalled Brexit talks. Members from both...