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 British pound has stalled a bit and as I look at the chart, the 1.2350 level is an area that I think a lot of people will be paying close attention to.
As we predicted and confirmed, the attempts of the GBP/USD currency pair to recover remain weak and await further stimulus.
GBP/USD: Looking bearish, and having run out of momentum the British pound is struggling against a strong US dollar, and in danger of moving down as far as the 1.21 level.
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GBP/USD: High volatility and a bearish outlook for the British pound with the potential bounce presenting an opportunity to short
GBP/USD: Right now USD is overbought and GBP oversold though it is just a matter of time before the pair drops with the 1.21 level as the area to watch
The British Pound has fallen a bit during the trading session on Friday, which in and of itself isn't surprising because we've seen it do that all week.
Bulls haven't enjoyed the recent rebound gains for long in the GBP/USD pair, which reached the resistance level of 1.2305.
GBP/USD finds support at 1.21 amid oversold conditions, with any bounce likely offering selling opportunities as UK and US policy dynamics weigh on the pair.
The GBP/USD pair remains in a strong downtrend, reaching 14-month lows as UK fiscal concerns and oversold technical indicators weigh on sentiment.
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The British Pound plunged on Thursday, driven by UK bond yield spikes, with traders predicting volatility and potential declines to 1.20 against the US dollar.
GBP/USD remains under selling pressure, testing support near 1.2320, as dollar strength and UK economic concerns drive the pair toward further downside targets.
It's worth noting that the British pound has pierced the 1.2350 level. Breaking down below there is a very negative turn of events, but we have held on to that order to show signs of resiliency.
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Sign up to get the latest market updates and free signals directly to your inbox.GBP/USD breaks above 1.25 but faces resistance, with traders eyeing short opportunities amid erratic moves and upcoming U.S. jobs data.
The pound hit an 8-month low of 1.2352 against the dollar before stabilizing near 1.2417 amid US jobs data and Fed minutes anticipation.
GBP/USD trades below 1.2500, signaling a bearish outlook as U.S. dollar strength and dovish BoE policies pressure the pound toward lower support levels.