The British pound rallies sharply against the US dollar, but with Fed decisions looming and sentiment shifting, traders face heightened volatility and an unclear longer-term trend.
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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GBP/USD faces bearish pressure below the 1.32 level amid technical resistance and expectations that U.S. economic strength will outpace the U.K., keeping the dollar favored.
The British pound stalled near key moving averages on Monday as traders remain cautious ahead of central bank decisions, with GBP/USD biased lower unless 1.3350 is broken.
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The British pound is at a critical juncture near 1.32, where a decisive move above or below key technical levels could define the next major trend amid uncertain Fed and BoE rate paths.
The British pound rallied on Tuesday as US rate cut expectations pressured the dollar, though GBP/USD now faces key resistance near 1.32 amid thin holiday trading conditions.
The British pound saw a slight rebound on Monday, but resistance near 1.32 and looming bearish technical patterns suggest further downside could be ahead.
The British Pound continues to weaken against the U.S. dollar, with strong resistance at 1.32 and a potential death cross signaling deeper downside ahead.
GBP/USD continues to stall near 1.32, with bearish momentum building as traders eye 1.30 and 1.2750 if downside pressure accelerates.
The British pound declined sharply on Friday, with 1.32 acting as resistance and bearish technical signals—including a potential death cross—reinforcing downside pressure.
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The British Pound declined Wednesday as growing expectations of Bank of England rate cuts and persistent US dollar strength pressured GBP/USD toward key support at 1.30.
The British Pound rebounded toward 1.32 on Tuesday, but lingering resistance at the 200-day EMA suggests short-term rallies could face renewed selling pressure.
The British pound failed to break above 1.32 on Monday, reinforcing resistance and suggesting further downside toward 1.30 and possibly 1.2750 amid rate cut expectations.
The British pound rallied on Thursday after the Bank of England paused rate hikes, but the broader downtrend persists with key resistance at 1.32 and support at 1.30.
The British pound extended its decline below 1.31 on Tuesday, with bearish momentum pointing toward 1.2750 amid rising rate-cut expectations.
The British Pound opened weaker on Monday, trading below key EMAs as rising dollar strength and Bank of England uncertainty point toward further downside.