GBPUSD chart by TradingView

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.


IGCS: IG Client Sentiment


Last Week
-1.77
Current
---
Chg. Open Interest
-9.7%
Outlook
Mixed

Support & Resistance

GBP/USD
Long U.S. Dollar vs. GBP, JPY
S11.3000 W R31.3250 S
S21.2931 M R21.3126 M
S31.2861 S R11.3083 W
Trend
down
Volatility
2%

News


Long U.S. Dollar vs. GBP, JPY

The U.S. Dollar has put in another spurt of weakness after the July FOMC rate decision. But with a slate of high-impact data on the calendar for the remainder of this week, bullish positions in the Greenback may become attractive again.
Continue Reading


US Dollar Falls as FOMC Holds Rates, Raises Concern Over Low Inflation


Webinar: Weekly Trading Q&A: Prepping for July FOMC Decision and Impact on USD-pairs


Global Equity Markets Higher Ahead of FOMC Meeting


Brexit Briefing: Sterling Holds Its Ground as Soft Brexit Hopes Rise


Real Time News


Analyst Picks

James Stanley   

Currency Strategist

My Picks: Long USD v/s GBP, JPY
Expertise: price action + macro
Average Time Frame of Trades: few days - few weeks


Pivot Points

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