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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In this analysis of the GBP/USD pair, we observed the British pound fluctuating on Monday, repeatedly testing the strong support at the 1.30 level.
The recent strong gains of the US dollar against the rest of the major currencies in the Forex market.
As you can see, the British Pound has pulled back just a bit during the trading session on Thursday as we continue to dance around the 1.30 level.
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As expected, the GBP/USD pair has been heavily impacted by the minutes from the Federal Open Market Committee (FOMC) meeting
The British pound has been on a sluggish path this week, recovering its previous losses to become the best performer yesterday, Tuesday.
According to recent trades, the GBP/USD exchange rate has declined by 2.0% last week and still appears strong, but a limited rebound is possible in the coming days.
The GBP/USD pair has stood out a bit, as it looks like we are rapidly approaching a confluence of potential support based on technical analysis and market history.
In recent trading sessions, the GBP/USD exchange rate has fallen to its lowest level since mid-September at the 1.3070 support level after reports indicated that the US economy added 254,000 non-farm jobs in September, exceeding expectations of a reading of 147,000 jobs.
The US dollar has recently rebounded amid risk-off sentiment fuelled by geopolitical tensions, particularly in the Middle East, causing the GBP/USD currency
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The US dollar is seeing increased demand at the start of the new month and quarter, buoyed by the latest guidance from Federal Reserve Chair Jerome Powell regarding US interest rates.
The GBP/USD pair has caught my attention due to the fact that it has been so negative.
The Pound Sterling is consolidating around $1.3380 at the start of Tuesday's trading session, down from yesterday's peak of 1.3422, hovering near its highest levels since March 2022, as traders assess economic and monetary expectations
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The British pound has rallied against the US dollar during the trading session on Thursday as it looks like we are trying to recover some of the losses from the Wednesday session.
The Pound Sterling is relinquishing some of its recent gains against both the Euro and the US Dollar.