GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

GBPUSD British Pound Opened higher Monday July 24

British Pound  | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS

British Pound Opened The GBPUSD increased 0.0013 or 0.10% to 1.3007 on Monday July 24 from 1.2994 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.



British Pound Opened

British Pound Notes

The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – British Pound – actual values, historical data, forecast, chart, statistics, economic calendar and news. British Pound – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.30 2.86 1.05 1957 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



GBPUSD Forecast The GBP/USD pair continued losing ground on Thursday and broke below the key 1.30 psychological mark to touch one-week lows near 1.2935-30 region

GBPUSD Forecast July 24-28 2017

CURRENCY INVESTORS GBPUSD Forecast

GBPUSD Forecast The GBP/USD pair continued losing ground on Thursday and broke below the key 1.30 psychological mark to touch one-week lows near 1.2935-30 region

GBPUSD Forecast The GBP/USD pair continued losing ground on Thursday and broke below the key 1.30 psychological mark to touch one-week lows near 1.2935-30 region despite upbeat UK Retail Sales data. The figures for June bettered expectations and showed a growth of 0.6% m-o-m as against a sharp decline of 1.2% recorded in the previous month. A fresh wave of US Dollar selling pressure helped the pair to bounce off 20-day SMA support and recover around 40-45 pips from lows.

The pair now seems to have entered a bearish consolidation phase and oscillated in a narrow trading range around 1.2970-65 band through Asian session on the last trading day of the week. Today’s economic docket lacks any major market moving releases and against the backdrop of growing consensus that the BOE won’t raise rates anytime soon, the pair remains poised to extend the corrective slide from 10-month highs touched on Tuesday.



GBPUSD Forecast

 

From a technical perspective, sustained weakness below 20-day SMA, currently near 1.2945-40 region, leading to a subsequent drop below 1.2920 level (38.2% Fibonacci retracement level of 1.2589-1.3126 recent upswing), would reinforce the near-term bearish bias and accelerate the slide towards 50% Fibonacci retracement level support near 1.2855 zone en-route monthly lows support near 1.2810 area.

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GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

GBPUSD Closed Higher Friday July 21

British Pound | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS GBPUSD Closed  The GBPUSD increased 0.0024 or 0.18% to 1.2994 on Friday July 21 from 1.2970 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.



GBPUSD Closed

British Pound

The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – British Pound – actual values, historical data, forecast, chart, statistics, economic calendar and news. British Pound – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.30 2.86 1.05 1957 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

GBPUSD British Pound Falling Midday Friday July 21

British Pound  | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS British Pound Falling  The GBPUSD decreased 0.0005 or 0.03% to 1.2966 on Friday July 21 from 1.2970 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.

Although cable has recovered after finding support at 1.29\33 yesterday and consolidation above this level would be seen today, if our view that a temporary top is possibly formed at 1.3126 is correct, upside should be limited to 1.3040-50 and bring another decline later, below said support would add credence to this view, bring retracement of recent upmove to 1.2910-15, break there would provide confirmation, then further fall to 1.2870-80 would follow but reckon support at 1.2812 would remain intact, bring rebound later.

Our preferred count on the daily chart is that cable’s rebound from 1.3500 (wave (A) trough) is unfolding as a wave (B) with A ended at 1.7043, followed by triangle wave B and wave C as well as wave (B) has ended at 1.7192, the subsequent selloff is the larger degree wave (C) which is still unfolding with minor wave (III) of larger degree wave 3 ended at 1.1986, hence wave (IV) correction is in progress which could either be a triangle wave (IV) of a complex formation but upside should be limited to 1.3500 and price should falter well below 1.4000, bring another decline in wave (V) of 3 for weakness to 1.1500, then 1.1200



British Pound Falling

British Pound

The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – British Pound – actual values, historical data, forecast, chart, statistics, economic calendar and news. British Pound – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.30 2.86 1.05 1957 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

GBPUSD British Pound First Look Friday July 21

British Pound  | Data | Chart | Calendar | Forecast | News

COMMODITY INVESTORS British Pound First Look  The GBPUSD decreased 0.0010 or 0.08% to 1.2955 on Friday July 21 from 1.2965 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.



British Pound First Look

British Pound

The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – British Pound – actual values, historical data, forecast, chart, statistics, economic calendar and news. British Pound – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.30 2.86 1.05 1957 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

GBPUSD British Pound Midday Fell Thursday July 20

British Pound  | Data | Chart | Calendar | Forecast | News

CURRENCY INVESTORS British Pound Midday  The GBPUSD decreased 0.0043 or 0.33% to 1.2975 on Thursday July 20 from 1.3017 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.



British Pound Midday

British Pound

The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – British Pound – actual values, historical data, forecast, chart, statistics, economic calendar and news. British Pound – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.30 2.86 1.05 1957 – 2017 Daily

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GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

GBPUSD Rose First Look on Monday July 17

British Pound  | Data | Chart | Calendar | Forecast | News

FOREX INVESTORS BUZZ GBPUSD Rose First Look The GBPUSD increased 0.0012 or 0.09% to 1.3108 on Monday July 17 from 1.3096 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.

The British pound has slipped again after meeting renewed selling interest at 1.2984 and broke below previous support at 1.2893, suggesting top has been formed at 1.3030, hence consolidation with downside bias remains for retracement of recent upmove and weakness to 1.2850, then 1.2830-35 (50% Fibonacci retracement of 1.2640-1.3030) but reckon 1.2789-94 (61.8% Fibonacci retracement and previous support) would hold from here.

In view of this, would not chase this fall here and would be prudent to stand aside for now. Above 1.2920-25 would brig recovery to 1.2950 but only break of 1.2984 would signal the pullback from 1.3030 has ended, bring subsequent retest of this level possibly next week.



 GBPUSD Rose First Look

British Pound

The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – British Pound – actual values, historical data, forecast, chart, statistics, economic calendar and news. British Pound – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.31 1.31 2.86 1.05 1957 – 2017 Daily

 

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GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

FOREX INVESTORS BUZZ GBPUSD Weekly Outlook July 16

FOREX INVESTORS BUZZ GBPUSD Weekly Outlook July 16

FOREX INVESTORS BUZZ GBPUSD Weekly Outlook July 16 GBP/USD’s pull back from 1.3029 completed at 1.2811 last week and subsequent strong rally confirmed resumption of larger rise from 1.1946. Initial bias is now on the upside this week for 61.8% projection of 1.2108 to 1.3047 from 1.2588 at 1.3168 next. We’ll be cautious on strong resistance from there to limit upside. But firm break of 1.3168 will bring further rise towards 1.3444 key resistance. On the downside, below 1.2999 minor support will turn intraday bias neutral first.

In the bigger picture, overall, price actions from 1.1946 medium term low are seen as a corrective pattern that is still in progress. While further upside is expected, overall outlook remains bearish as long as 1.3444 key resistance holds. Larger down trend from 1.7190 is expected to resume later after the correction completes. And break of 1.2588 will indicate that such down trend is resuming.



GBPUSD Weekly Outlook July 16

 

In the longer term picture, no change in the view that down trend from 2.1161 is still in progress. On resumption, such decline would extend deeper to 100% projection of 2.1161 to 1.3503 from 1.7190 at 0.9532. However, firm break of 1.3444 should confirm reversal and turn outlook bullish.

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GBPUSD Pound Jumps to 1.25, Markets Eye Autumn

GBPUSD Closed Higher 0.0161 on Friday July 14

British Pound | Data | Chart | Calendar | Forecast | News

FOREX INVESTORS BUZZ  GBPUSD Closed Higher  The GBPUSD increased 0.0161 or 1.24% to 1.3096 on Friday July 14 from 1.2935 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.

GBP/USD’s rebound and break of 1.2926 minor resistance suggests that pull back from 1.3029 has completed at 1.2811 already. Intraday bias is turned back to the upside for 1.3029/47 resistance zone. Decisive break there will extend the larger rally to 61.8% projection of 1.2108 to 1.3047 from 1.2588 at 1.3168 next. On the downside, sustained break of 1.2811 and 55 day EMA will dampen our bullish view and turn bias back to the downside for 1.2588 support instead.

In the bigger picture, overall, price actions from 1.1946 medium term low are seen as a corrective pattern that is still in progress. While further upside is now in favor, overall outlook remains bearish as long as 1.3444 key resistance holds. Larger down trend from 1.7190 is expected to resume later after the correction completes. And break of 1.2588 will indicate that such down trend is resuming.



GBPUSD Closed Higher

British Pound

The GBPUSD spot exchange rate specifies how much one currency, the GBP, is currently worth in terms of the other, the USD. While the GBPUSD spot exchange rate is quoted and exchanged in the same day, the GBPUSD forward rate is quoted today but for delivery and payment on a specific future date. This page provides – British Pound – actual values, historical data, forecast, chart, statistics, economic calendar and news. British Pound – actual data, historical chart and calendar of releases – was last updated on July of 2017.

 

Actual Previous Highest Lowest Dates Unit Frequency
1.31 1.29 2.86 1.05 1957 – 2017 Daily

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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)