Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
British Pound (GBP) Latest: GBP/USD Stabilizes, Outlook Improves

British Pound (GBP) Latest: GBP/USD Stabilizes, Outlook Improves

Martin Essex, MSTA,

GBP price, news and analysis:

  • GBP/USD continues to steady, alongside other so-called “risk-on” assets, after the Federal Reserve’s promise to buy unlimited amounts of US Treasuries and mortgage-backed securities.
  • The Fed’s move has calmed nerves for now, brightening the outlook for currencies such as GBP and AUD, and also crude oil and stocks, but the rally remains fragile.

GBP/USD steadies after Fed’s funding pledge

The US Dollar is easing back after the Federal Reserve’s promise of unlimited bond purchases eases market nerves, benefiting GBP/USD and other riskier assets such as the Australian Dollar, stocks and crude oil. Along with news that China's Hubei province, where the coronavirus pandemic originated, will lift travel restrictions on people leaving the region as the epidemic there eases, the outlook now looks more positive.

However, the relative stability in GBP/USD remains fragile and, while further sharp falls now look less likely, there is little sign yet of a sustained long-term rally even if a deal is reached soon on a far-reaching coronavirus economic stimulus package that has been stalled in the US Senate as lawmakers argue over it.

GBP/USD Price Chart, One-Hour Timeframe (March 18-24, 2020)

Latest GBP/USD price chart.
Starts in:
Live now:
Dec 01
( 10:12 GMT )
Recommended by Martin Essex, MSTA
Trading Sentiment
Register for webinar
Join now
Webinar has ended

Chart by IG (You can click on it for a larger image)

A poor set of purchasing managers’ indexes from Japan, France and Germany has also emphasized the negative impact of the coronavirus pandemic on the global economy and that will likely weigh on investor sentiment longer-term.

How to Invest During a Recession: Investments & Strategy

GBP/USD Bullish
Data provided by
of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily -9% 17% 3%
Weekly -35% 81% -3%
What does it mean for price action?
Get My Guide

We look at Sterling regularly in the DailyFX Trading Global Markets Decoded podcasts that you can find here on Apple or wherever you go for your podcasts

--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.