The GBPUSD pair declined today partly because of the dollar strength. Investors ran to the US dollar after Donald Trump warned of a dark two weeks as the number of Coronavirus cases are expected to jump. In a grim warning, the US president warned that between 100k and 250k Americans would die from the disease.
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 coronavirus is shaking up the world. Read our free Q2 Global Market Outlook to know what may happen with EURUSD, Gold prices, Crude oil, Bitcoin, and S&P 500.
Here are are the topics covered in the second market outlook for the year.
- EURUSD: Soars on Coronavirus Panic
- USDJPY: Roller-Coaster Ride Will Not End Anytime Soon
- AUDUSD: Under Pressure on World Lockdown
- GBPUSD: Trades Lower as Coronavirus Could Delay UK-EU Trade Talks
- Stock markets tumble as investors prepare for the worst
- Gold prices may resume uptrend as QE is expanded aggressively
- Crude oil prices could rise on high demand in q2 and coronavirus risk abating
- Cryptocurrencies drop as the safe haven notion is crushed
GBPUSD is finding bids around 1.2350 after today’s roster of economic data from the UK either met or beat expectations. Following the release of news reports, GBPUSD ticked higher by almost 40 pips. Can it sustain its gains?
The GBPUSD pair declined slightly today as traders weighed the impact of a ratings downgrade by Fitch on Friday. When...
The GBPUSD is down by about 60 pips as at the time of writing after the UK Prime Minister was...
GBPUSD has recouped most of its losses for the past few trading days. Yesterday marked the third consecutive day of gains for the currency pair, can it extend its winning streak even further?
The Bank of England (BoE) has kept interest rates unchanged at 0.1%. The asset purchase facility remains at the previous...
GBPUSD stabilize today after weaker retail sales but seems that the market has already discount much of the weaker economic...
The Bank of England (BoE) is currently meeting to decide on whether or not to adjust interest rates tomorrow, putting...
GBPUSD is trading slightly higher today following the UK CPI data for February. As of this writing, the currency pair...