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British Pound/US Dollar (GBP/USD) Exchange Rate

Type: Currency | Group: Major | Base: British Pound | Second: US Dollar
1.2437 0.0238  (1.95%) Update 29/03/2020 14:09:22
High1.2486
Low1.2133
Open1.2202
Prev Close1.289
52Wk High1.3381 Since 12/13/19 -6.69%
52Wk Low1.2034 Since 09/03/19 0.82%
20-Day Average1.3048
200-Day Average1.2749
14-Day Rel Strength14.8302
14-Day Stochastic100

GBP/USD Pivot Points

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic1.24321.24341.24361.24381.24401.24421.2444
Fibonacci1.24341.24361.24371.24381.24401.24411.2442
Camarilla1.24381.24381.24371.24381.24371.24381.2438
Woodie's1.24311.24341.24351.24381.24391.24421.2443
DeMark's--1.24351.24381.2439--

GBP/USD Advanced Live Chart

GBP/USD Advanced Live Chart

GBP/USD Advanced Live Chart

GBP/USD Exchange Rate

The UK may not be the largest country in Europe but it certainly has many unique characteristics that set it apart from the rest and one of them is the fact that it opted not to accept the euro when its neighbors were doing so.

GBP/EUR/USD Convert

The British Pound is today the 3rd most important reserve currency globally as well as the fourth most traded currency in the foreign exchange market, subsequent to the United States dollar, the euro, and the Japanese yen. The pound and the euro usually fluctuate in value against one another. However, there is often a correlation between movements in their respective exchange rates with other currencies such as the US dollar.

The decision taken by the UK government in 1999 to refuse membership in the Eurozone group has, over the years, created unparalleled investment opportunities for Forex traders and the Pound Sterling to US Dollar FX trading analysis continues to point investors in the same direction.

GBP/USD Chart

When viewing the GBP/USD exchange chart, it is crucial to always keep in mind that the GBP/USD pair fluctuates mostly on the relative strength of each country’s economy. This differs from other currency pairs that are affected by other influences. When the UK economy outperforms the US economy, the pound tends to strengthen against the US dollar. Conversely, when the UK economy slows down, the US dollar is strengthened. However, the GBP/USD price does sometimes fluctuate according to the difference in interest rates set by the Bank of England and the Federal Reserve (Fed).

GBP/USD pair was nicknamed ‘the cable’ because the GBP/USD pair used to be traded via cable across the Atlantic Ocean; this pair enjoys generally low spreads and few arbitrage opportunities. Ample news information about these two world superpowers makes GBP/USD a great pair for those who trade the news or prefer fundamental analysis over purely technical trading.

GBP/USD Latest Updates

Weekly Forex Forecast |
GBP/USD Forecast: Continuing Lower |