Just like the other non-safe haven currencies, the pound lost ground to the dollar in yesterday’s trading. GBPUSD dropped from...
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
Despite the lack of economic data from the UK, GBPUSD still managed to close higher in yesterday’s trading. The currency...
With eight days to the January 30 Bank of England rate meeting, the rate markets are anticipating the central bank...
GBPUSD finished yesterday’s trading higher despite risk aversion looming thanks to positive labor data from the UK. The currency pair...
The pound surged in today’s European trading as the employment data from the UK topped forecasts. GBPUSD is up close...
Retail Sales Contracted in December On Friday, the pound lost ground to the US dollar following the UK’s disappointing retail...
BOJ Rate Decision The Bank of Japan(BOJ) is scheduled to take center stage on Tuesday. In its monetary policy meeting,...
GBPUSD gives up over 50 pips after weaker retail sales data from the UK. United Kingdom Retail Sales (month over...
UK CPI Falls to 3-Year Low Despite worse-than-expected inflation data from the UK, GBPUSD still managed to finish yesterday’s trading...
GBPUSD Benefits from US CPI Unlike the euro, the pound benefitted from the US CPI report in yesterday’s trading and...