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 US dollar has recently rebounded amid risk-off sentiment fuelled by geopolitical tensions, particularly in the Middle East, causing the GBP/USD currency
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.
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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
Before the end of last week's trading, and as the southeastern United States braced for Hurricane Helene, volatility in the foreign exchange market eased slightly as the market awaited the next major events that could move the market.
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.
The Pound Sterling has maintained its highest levels in several months against both the Euro and the US Dollar in the middle of this week's trading, aided in part by new comments from Bank of England Governor, Andrew Bailey.
The pound could continue to advance against the dollar in the coming weeks, but the next few days could see some consolidation around current levels.
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The British pound initially pulled back a bit against the US dollar during the early hours on Monday, but you've seen traders come in and start buying the pound right at the 1.3250 region.
The British Pound came under pressure on Friday morning after UK retail sales exceeded expectations. However, a disappointing consumer sentiment survey suggests that the government's pessimistic tone regarding the economy and national finances is having a chilling effect.
The first thing I see is that we broke well above the 1.33 level during the trading session, and therefore I think it’s only a matter of time before we go much higher.
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As expected, the GBP/USD has maintained its recent gains pending the reaction to the US and UK monetary policy decisions this week.
The British pound has pulled back just a bit in the early hours on Tuesday, as we are looking at the 1.32 level as a bit of a ceiling, but perhaps more importantly, we are looking at a bullish flag offering a bit of resistance.