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 US dollar strength helped the bears move the GBP/USD currency pair to the psychological support level of 1.2600 and closed trading around 1.2650 last week.
In the middle of trading this week, the GBP/USD currency pair fell to the 1.2622 support level before stabilizing around 1.2665.
Amid limited trading, the GBP/USD currency pair is moving steadily around the 1.2658 level.
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February 27, 2023, Technical analysis of the pound sterling against the dollar GBP/USD today
The Sterling price continues to show unique resilience against the recent gains of the US dollar against other major currencies.
Attempts to rebound higher for the GBP/USD currency pair still lack strong momentum to confirm a return to the upward path.
For four consecutive trading sessions, GBP/USD has been trying to rebound.
GBP/USD declined further last week.
At the end of last week's trading, the price of the GBP/USD pair tried to rebound higher to compensate for its losses in the same week.
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The price of the pound sterling fell against the rest of the other major currencies.
Sterling was not terribly pleased with the announcement of stronger wages and jobs figures in Britain.
The GBP/USD exchange rate remains well supported.
The British pound initially did rally during the early hours on Monday.
Over the past four trading sessions, the GBP/USD pair has attempted to rebound, with gains not exceeding the 1.2643 level.
The GBP/USD pair faced significant downward pressure during Thursday's trading session, as the US dollar exhibited strength across the board.