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
After five consecutive trading sessions during which the GBP/USD pair was subject to selling starting from the resistance level of 1.3265, its highest level in two years.
The GBP/USD pair has caught my attention as we have turned around to break the top of the hammer from the previous session.
Despite the financial markets being positioned for further gains by the pound sterling, business leaders have sent the first clear warning signal that the outlook is slowing.
Top Forex Brokers
I’m paying close attention to the fact that we have continued to fall quite drastically, and therefore it’s likely that we could see a revisit of the previous resistance barrier, although at this point in time it is still a little early to call for that.
The GBP/USD exchange rate was hovering around $1.31 at the beginning of September, following a 2.1% gain in August.
It’s easy to see that this asset is in a major uptrend.
As trading begins this week, there will be a US holiday that will weaken investor sentiment and market liquidity.
In my daily analysis of the GBP/USD pair, I recognize that the market initially tried to rally a bit, only to turn around and show signs of exhaustion.
The Pound Sterling reached a two-year high against the US Dollar amid a renewed rise in global equity markets, with one market expert saying that any weakness would only invite more buying interest.
Bonuses & Promotions
The Pound Sterling is maintaining positive momentum.
The British Pound reached its highest levels in two years at the end of last week, supported by the Federal Reserve's commitment to cutting US interest rates
Recently, the GBP/USD currency pair has risen to its highest level in two years, following Powell's call for a reduction in US interest rates.
Subscribe
Sign up to get the latest market updates and free signals directly to your inbox.The British pound has rallied rather significantly during the trading session, smashing through the top of a shooting star.
The British pound has rallied initially during the trading session on Thursday to break above the 1.31 level, but it looks like we are giving back some of the gains.
The US Dollar has declined significantly against other major currencies following the release of the minutes from the Federal Reserve's latest meeting, allowing bulls to drive the GBP/USD currency pair towards the resistance level of 1.3120, its highest level since July 2023.