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
2.03
Current
---
Chg. Open Interest
3.6%
Outlook
Bearish

Pivot Points data provided by IG

Support & Resistance

GBP/USD
S11.2956 W R31.3295 S
S21.2850 M R21.3200 M
S31.2750 S R11.3083 W
Trend
down

News


GBP/USD: Cable Bounce After Test Sub-1.3000, Pullback or Reversal?

GBP/USD traded below a key level this morning, albeit briefly. And with a rate hike out of the BoE in two weeks no longer looking so likely, the prospect of a deeper bearish move in the pair continues to exist.
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DXY Index Hits Fresh Yearly High as China Wages Currency War


Gold Declines Extend on Rampant USD, Crucial Support in Sight - US Market Open


GBPUSD Price Analysis - Continued Weakness or Nearing Oversold?


FTSE 100 Topside Breakout Imminent as GBPUSD Plunge Persists


Real Time News


Analyst Picks

Michael Boutros

Michael Boutros Currency Strategist

My Picks: Near-term Setups in USD/CAD and GBP/USD
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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