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
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The GBP/USD is consolidating around its 50-day EMA ahead of Tuesday’s CPI, with 1.3250 as key support and 1.3550–1.36 as major resistance.
The British pound rallies against the US dollar, challenging key resistance at 1.35 while traders weigh a possible head-and-shoulders retest and low-volume indecision.
The British Pound rallied on Wednesday toward the 1.3350 resistance level, with traders watching closely for a breakout or potential pullback amid Fed uncertainty.
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The British Pound continues to trade sideways against the US Dollar amid low summer liquidity, diverging Fed-market expectations, and softening US economic data.
The British pound’s rally faltered near the 1.3350 resistance level, with technical signs pointing to a potential decline toward 1.27 if support at 1.3135 breaks.
The British pound held around the key 1.32 level on Thursday amid growing US dollar strength and shifting expectations for Fed rate cuts.
The British pound weakens ahead of the FOMC decision, with a close below 1.32 potentially triggering further downside if Jerome Powell signals no rate cuts.
The British pound dipped below key support at 1.3350 as markets prepare for the Fed's rate decision, with potential downside toward the 200-day EMA at 1.3133.
The British pound slipped on Monday, with 1.3350 emerging as a key technical level amid head-and-shoulders risk and rising USD strength ahead of the Fed decision.
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The British pound declined slightly against the US dollar, signaling possible consolidation despite its broader uptrend, with 1.3350 as support and 1.36 as resistance.
The British pound bounced strongly from its long-term trendline, clearing the 50-day EMA and reinforcing bullish momentum amid ongoing speculation around US rate cuts.
The British pound is testing a crucial trendline near 1.3350, with a potential breakdown opening the path to 1.32, while a rally could push it to 1.38.
GBP/USD pulled back on Wednesday after surging on Powell firing rumors, with technicals suggesting downside risk toward the 1.31 support level.
The British pound has broken below a key trend channel and the 50-day EMA, suggesting further downside toward 1.33 or 1.31 before potential buyers return.
The British pound continues to find support near 1.3550 within a strong uptrend, with eyes on the 1.38 resistance level as steady bullish momentum builds.