British Pound forecast & technical analysis GBPUSD continue growth jan16 Pound trading 0.1% higher against US Dollar The pair witnessed a high of 1.3820 and a low of 1.3730 support level is seen at 1.3425 GBPUSD continue growth – Annual core inflation in the United Kingdom was steady at 2.7 percent in November of 2017 […]
GBPUSD British Pound | Data | Chart | Calendar | History | News
The GBPUSD (British Pound/U.S. Dollar) is the abbreviation for the British pound and U.S. dollar (GBP/USD) currency pair or cross. The currency pair tells the reader how many U.S. dollars (the quote currency) are needed to purchase one British pound (the base currency).
Trading the GBPUSD currency pair is also known as trading the “Cable”.
The value of the GBPUSD pair is quoted as 1 British pound per X U.S. dollars. For example, if the pair is trading at 1.50 it means that it takes 1.5 U.S. dollar to buy 1 British pound.
The GBP/USD is affected by factors that influence the value of the British pound and/or the U.S. dollar in relation to each other and other currencies. For this reason, the interest rate differential between the Bank of England (BoE) and the Federal Reserve (Fed) will affect the value of these currencies when compared to each other. When the Fed intervenes in open market activities to make the U.S. dollar stronger, for example, the value of the GBP/USD cross could decline, due to a strengthening of the U.S. dollar when compared to the British pound.
British Pound forecast GBPUSD Moving Higher jan 12 the pair is trading at 1.3689 The pair witnessed a high of 1.3694 and a low of 1.3538 support level is seen at 1.3425 GBPUSD Moving Higher – The Consumer Price Index in the United Kingdom increased 0.30 percent in November of 2017 INSIGHT GBPUSD Moving Higher At 10:40 […]
British Pound forecast GBPUSD Slightly higher jan 10 the pair is trading at 1.3541 The pair witnessed a high of 1.3547 and a low of 1.3458 support level is seen at 1.3425 GBPUSD Slightly higher – The UK’s deficit on trade in goods and services widened by GBP 0.5 billion to GBP 2.804 billion in November […]
British Pound insight GBPUSD Downward Trend jan 10 the pair is trading at 1.3514, The pair witnessed a high of 1.3562 and a low of 1.3482 support level is seen at 1.3477, GBPUSD Downward Trend – The British economy advanced 0.4 percent on quarter in the three months to September of 2017 INSIGHT GBPUSD Downward Trend At […]
British Pound insight GBPUSD slipping lower jan 9 Pound trading 0.38% lower against US Dollar The pair witnessed a high of 1.3582 and a low of 1.3508 support level is seen at 1.3477 GBPUSD slipping lower – Industrial production in the United Kingdom increased 3.6 percent year-on-year INSIGHT GBPUSD slipping lower At 10:40 GMT, the pair […]