The most active trading sessions for the GBP/USD currency pair occur in London and New York, with some activity during Asian markets from 2400 GMT to 0900 GMT..
GBP/USD is sensitive to political and economic developments in the UK. It's influenced by interest rate differentials, economic data, and geopolitical events. For the latest updates and forecasts on GBP/USD, consult reliable sources and market analysis reports to make informed trading decisions
Most Recent
The British pound initially pulled back just a bit to look for support during the trading session on Tuesday as we are reaching towards the 200 day EMA.
The British pound started the new week trading higher against the US dollar, although a crowded US data calendar and the UK elections could cause some volatility.
At the beginning of this week’s trading, with the US dollar’s gains halted slightly, the GBP/USD price is moving around 1.2685 at the time of writing.
Top Forex Brokers
According to recent trades, the pound sterling fell by a third of a percent against the US dollar GBP/USD in mid-week trading, thanks to “hawkish” signals from members of the US Federal Reserve.
The British pound has gotten hammer during the early hours on Wednesday as we continue to see a lot of chaos in the currency markets.
Weak sentiment has kept GBP/USD from gaining ground since the start of this week's trading, with its gains not exceeding the 1.2702 resistance level.
For the second day in a row, the GBP/USD price is trying to rebound higher, but its gains did not exceed the 1.2698 level, which is stable near it at the time of writing the analysis
At the end of last week’s trading, the latest UK data recorded a strong rebound in retail sales for May, but the pound struggled to make significant headway in global markets.
According to recent trading, the pound has strengthened against its US dollar counterpart.
Bonuses & Promotions
For the third day in a row, the price of the pound sterling against the US dollar GBP/USD is trying to rebound higher with gains at the level of 1.2732.
The British Pound pulled back just a bit during the early hours on Tuesday, reaching down to the 50-day EMA before turning around.
With sentiment still weak, GBP/USD has fallen to a one-month low of 1.2658 and is settling around 1.2700 at the start of trading on Tuesday.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The British pound has bounce just a bit during the trading session on Monday as the 50-Day EMA has stepped into the picture to offer support.
This week, all focus will be on the performance of the pound in the forex markets in the Bank of England announcement.
The British Pound fell rather hard during the early hours on Friday as we have dropped below the 1.27 level during the session.