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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The pound sterling remained relatively unchanged at $1.3080 as traders digest new economic data and monetary policy outlook.
We anticipate further losses for the GBP/USD pair this week, but we believe the decline will be limited to the 1.3036 support level.
During last Friday’s trading session, the US dollar fell and then recovered after the release of the weaker-than-expected US Labor market report.
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You can see that the British pound initially rallied during the trading session on Friday, but then collapsed quite significantly to show extreme signs of weakness.
In my daily analysis of the GBP/USD pair, the market looks as if it is going to continue to go higher, and you can also make an argument that we are forming some type of bullish flag or possibly some type of pendant.
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.
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.
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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.
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Sign up to get the latest market updates and free signals directly to your inbox.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.
The Pound Sterling is maintaining positive momentum.