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
At the end of last month, the pound fell to $1.26, close to its lowest level since February 19, and is on track to lose about 1% against the dollar in the first quarter.
The recent failure of the pound to hold its ground has seen the GBP/USD currency pair break below the 1.2600 support level.
As March trading draws to a close, the British pound has stabilized around the $1.26 level, poised for a quarterly decline of 0.7% against the US dollar.
Top Forex Brokers
According to the performance in the forex market, the British Pound has shown more flexibility against the Euro and the US Dollar, with the probability of interest rate cuts in June reaching 80%.
The technical view for the British Pound against the US Dollar “GBP/USD” exchange rate has collapsed, with the potential for further weakness in trading this week.
The downward pressure on the British pound increased after the Bank of England took a step closer to cutting interest rates.
After investors digested the US Federal Reserve announcement yesterday, the GBP/USD pair is cautiously awaiting the Bank of England announcement today, Thursday.
Ahead of important events and data, the GBP/USD currency pair is under selling pressure.
GBP Dips, Rebounds at 50-Day EMA Amid Volatility.
Bonuses & Promotions
The GBP/USD exchange rate fluctuated last week, as a flow of economic data from the US and UK led to volatility in the pair.
The pound has fallen from its highest level in March against the US dollar and risks another setback if UK inflation disappoints and the Federal Reserve takes a hawkish stance.
The British pound has pulled back just a bit during the training session on Friday.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The GBP/USD currency pair has retreated from its highest level in seven months, with losses extending to the 1.2746 support level before settling around 1.2800 at the time of writing the analysis.
Weaker-than-expected UK wage and employment data boosted the chances of a June rate cut by the Bank of England and led to broad-based weakness in the pound.
The pound sterling is likely to hit its highest level in several months against the US dollar this week, supported by positive technicals.