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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A recent rally in GBP/USD has once again stalled after hitting a well-known technical barrier and Jerome Powell's sober assessment of the likelihood of rate cuts.
The recent gains in the GBP/USD price have been capped at the 1.2845 resistance level.
In my daily British pound, US dollar analysis, it's hard not to notice that we are banging up against the 1.28 level.
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The British pound has now reached high levels against the US dollar and will need to see a weak US inflation print on Thursday if it is to make further progress.
The GBP/USD exchange rate is trading near a 3-week high ahead of major economic and political developments on both sides of the Atlantic.
The British pound has tested the 1.28 level during the day, which of course is a large, round, psychologically significant figure.
The dollar weakened after a weekly survey showed an increase in the number of US jobless claims, but selling interest had already peaked after the ISM services survey showed an unexpectedly sharp slowdown in activity.
GBP/USD surged unexpectedly after comments by the Federal Reserve Chair were seen by analysts and market participants as increasing the odds of a September rate cut.
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.
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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.
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.
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Sign up to get the latest market updates and free signals directly to your inbox.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