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 British pound was the second worst performing G10 currency over the past 24 hours.
The US dollar continues to demonstrate strength against various global currencies in early Tuesday trading, and this trend is also evident in the GBP/USD pair.
The GBP/USD pair was subjected to strong selloffs that pushed it towards the support level of 1.2518.
Top Forex Brokers
On Monday, the British pound exhibited a drop against the US dollar as markets grapple with the prospect of a Federal Reserve adopting a more prolonged tightening stance.
The strong performance of the GBP/USD pair last week moved them towards the resistance level of 1.2773.
The British pound experienced a significant decline during Friday's trading session.
The British pound vs U.S. dollar [GBP/USD] was traded cautiously within a range between 1.2750 and 1.2657.
The GBP/USD is trading near the 1.26535 ratio as of this writing.
The US dollar continued to gain against other major currencies amid safe-haven demand.
Bonuses & Promotions
We are still seeing some incredibly quiet trading conditions in the GBP/USD exchange rate.
Resilience characterizes the GBP/USD recently, and last week the bulls tried to take off with the currency pair above the resistance 1.2775.
The British Pound has gone back and forth during the course of the trading session here on Friday.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The GBP demonstrates notable resilience against the recent strength of the US dollar.
The British Pound has rallied a bit during the trading session on Wednesday.
In mid-trading this week, the British pound rose to its highest level in a week against the US dollar and tested the top of the main range against the euro.