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GBP/USD

GBP/USD - The British Pound against the US Dollar is one of the oldest currency pairings in the world. The pair is often called 'The Cable', as the first transatlantic communication cable run across the floor of the Atlantic, connecting Great Britain with The United States, was used to transmit currency prices between the two economies. 'The Cable' remains a favorite of traders today, accumulating massive interest considering the size of The UK economy.

GBP/USD Rate

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Weekly British Pound and US Dollar Trading Forecast

Symbol Forecast Outlook

Candlestick

Symbol Trend Bias Time Frame Candlestick Formation Candle Bias Chart Links

Elliot Wave

Symbol Bias Time Frame Invalidation Objective Chart Links

Sentiment

Symbol LastWeek Present %Long Change:
Open Interest
Signals Chart Links

GBP/USD Support & Resistance

W - Weak | M - Moderate | S - Strong
Symbol Trend Volatility Analysis / Chart
GBP/USD
S1: 1.5991W
S2: 1.5873S
S3: 1.5680S
R3: 1.6532S
R2: 1.6377S
R1: 1.6184M
47%
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Chart Chart
Fri, 24 Oct 2014 21:35:00 GMT

GBP/USD Pivot Points

British Pound US Dollar News

USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles
GBPUSD's rally after the Q3 UK GDP report was short-lived today.
GBP/USD Holds Above 1.6000 As UK 3Q GDP Remain Faithful To Estimates
UK 3Q GDP figures matched market expectations, while GBP/USD continued to trade above the psychologically significant 1.6000 level.
GBP/USD Dark Cloud Cover Delivers Further Declines
GBP/USD’s cautious creep lower has endured following a warning of weakness from a Dark Cloud Cover formation.
Pound to Fall on Ebbing BOE Rate Hike Bets if 3Q UK GDP Underperforms
The British Pound is likely to decline if a soft set of third-quarter UK GDP figures erodes Bank of England interest rate hike expectations.
GBP/USD at Risk for Fresh Monthly Lows on Slowing U.K. GDP
A marked slowdown in the U.K.’s 3Q Gross Domestic Product (GDP) may spur fresh monthly lows in GBP/USD as it drags on interest rate expectations.

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Wed
Oct 22
08:30
GBP Bank of England Minutes
12:30
USD Consumer Price Index (YoY) (SEP) 1.7% 1.6% 1.7%
12:30
USD Consumer Price Index Ex Food & Energy (YoY) (SEP) 1.7% 1.7% 1.7%
Fri
Oct 24
08:30
GBP Gross Domestic Product (QoQ) (3Q A) 0.7% 0.7% 0.9%
08:30
GBP Gross Domestic Product (YoY) (3Q A) 3.0% 3.0% 3.2%