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.
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GBPUSD chart

GBPUSD chart by TradingView

IGCS: IG Client Sentiment data provided by IG


Last Week
2.97
Current
---
Chg. Open Interest
1.6%
Outlook
Bearish

Pivot Points data provided by IG

Support & Resistance

GBP/USD
S11.22 W R3 1.2591 S
S2 1.21 M R2 1.25 S
S3 1.2 S R1 1.2378 W
Trend
down
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News


British Pound Weekly Technical Outlook: GBPUSD May Run Further

Cable has put together a decent rally off the recent low, and there may be more to come in the week ahead with eyes on a couple of long-term trend targets.
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GBP/USD Surges on Irish Backstop Hopes - US Market Open


Most Volatile Currencies Next Week - US Dollar, GBP/USD


GBPUSD Price Rallies to a Six-Week High, Brexit Latest


US Dollar Fueled by Rising US Yields, Falling Fed Rate Cut Odds


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Analyst Picks

Michael Boutros

Michael Boutros Technical Strategist

My Picks: Near-term Trade Setups in USD/CAD, GBP/USD & USD/CHF
Expertise: Technical
Average Time Frame of Trades: 1-3 Days

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Market Datadata provided by IG

Symbol Bid Ask Spread
Market Data figures are provided for the trading day.
Symbol Bid Ask Spread
Market Data figures are provided for the trading day.

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