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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Bulls haven't enjoyed the recent rebound gains for long in the GBP/USD pair, which reached the resistance level of 1.2305.
GBP/USD finds support at 1.21 amid oversold conditions, with any bounce likely offering selling opportunities as UK and US policy dynamics weigh on the pair.
The GBP/USD pair remains in a strong downtrend, reaching 14-month lows as UK fiscal concerns and oversold technical indicators weigh on sentiment.
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The British Pound plunged on Thursday, driven by UK bond yield spikes, with traders predicting volatility and potential declines to 1.20 against the US dollar.
GBP/USD remains under selling pressure, testing support near 1.2320, as dollar strength and UK economic concerns drive the pair toward further downside targets.
It's worth noting that the British pound has pierced the 1.2350 level. Breaking down below there is a very negative turn of events, but we have held on to that order to show signs of resiliency.
GBP/USD breaks above 1.25 but faces resistance, with traders eyeing short opportunities amid erratic moves and upcoming U.S. jobs data.
The pound hit an 8-month low of 1.2352 against the dollar before stabilizing near 1.2417 amid US jobs data and Fed minutes anticipation.
GBP/USD trades below 1.2500, signaling a bearish outlook as U.S. dollar strength and dovish BoE policies pressure the pound toward lower support levels.
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The British Pound faces continued pressure near 1.25 support, with the strong U.S. dollar and Fed rate policies driving potential declines toward 1.23.
GBP/USD faces a volatile 2025, starting at 1.2510 with early challenges from BoE dovishness and U.S. policy but potential recovery to 1.30 by year-end.
The British pound faces resistance near 1.26 and risks a drop to 1.23 if 1.25 support breaks, as the US dollar remains the strongest major currency.
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The price action is weakly bearish after the rejection of the resistance level at $1.2589, but the price of this currency pair is not likely to move much today.
GBP/USD remains lackluster near 1.25, with thin trading favoring sideways movement and potential downside as interest rate dynamics support the US dollar.