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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Despite the recent strength of the US dollar following stronger-than-expected US jobs data, which has dampened any expectations of imminent US rate cuts, the GBP/USD currency pair has shown remarkable resilience.
GBP/USD has been trading in a consolidation pattern since the start of this week's trading, settling around 1.2785 at the time of writing.
The British pound has rallied slightly during the early hours on Wednesday.
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GBP/USD reached a 12-week high in recent trading, extending gains to the 1.2817 resistance level before settling around 1.2775 at the time of writing.
he British pound has fallen rather significantly to kick off the trading session on Tuesday but has turned around to show signs of life.
GBP/USD has been gaining ground against the US dollar since the start of trading this week, with markets cautiously awaiting US jobs data at the end of the week.
The British pound initially pulled back a bit against the US dollar in the early hours on Monday but has since really started to take off to the upside.
Recently, risk appetite has been on the rise following the latest US inflation data while the US dollar has lost ground.
GBP/USD is under profit-taking pressure for the second day in a row, retreating from its two-month high of $1.28 touched on May 27.
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The British Pound has pulled back a bit from a crucial resistance barrier in the form of 1.28.
GBP/USD is consolidating in a mid-uptrend this week, with gains extending to the 1.2800 resistance level, the highest in two months, before settling around 1.2760 at the time of writing.
The British pound has rallied significantly during the trading session on Tuesday.
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Sign up to get the latest market updates and free signals directly to your inbox.GBP/USD is expected to extend its journey towards the top end of its 2024 range in the coming days, but a strong US PCE inflation reading at the end of the week could turn the tide.
GBP/USD started this week's trading steady around the 1.2740 resistance level, which is close to the 1.2775 resistance that encourages bulls to move further upwards.
The British pound rallied on Friday as it looks like we are trying to dig into the resistance just above that extends from 1.27 to the 1.28 level.