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
2.68
Current
---
Chg. Open Interest
4.2%
Outlook
Bearish

Pivot Points data provided by IG

Support & Resistance

GBP/USD
S11.2500 W R31.3117 S
S21.2390 M R21.2929 M
S31.2250 S R11.2671 W
Trend
down
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News


GBP at Risk Despite Theresa May Confidence Vote Win, Yen May Fall

Even though UK Prime Minister Theresa May survived the no confidence vote, GBP prices declined. S&P 500 trimmed gains on US government shutdown concerns. Asia stocks may rise as Yen falls.
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British Prime Minister Theresa May Defiantly Defends Leadership Position Amid No-Confidence Vote


GBP/USD: Cable Poses Short-Cover Rally Ahead of No-Confidence Vote


Short Positions Grow 23% Overnight As May’s Confidence Vote Approaches


US Dollar Losses Ground as November US CPI Weakens Fed Narrative


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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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