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Great Britain Pound GBP

 

Detailed information and fundamental factors

Central Bank: Bank of England

Interest Rate: 0.10%

Public Debt to GDP Ratio, 2020: 108.03%

Trade Balance, 2019: -$3.1 bln.

Inflation, 2019: 1.7%

Sovereign Credit Ratings:

Fitch
AA
Negative
Moody's
Aa3
Stable
S&P
AA
Negative

Supporting Factors

Global reserve currency

medium

Currency of international trade

weak

Factors of Weakness

United Kingdom's exit from the European Union

strong

The Great Britain pound sterling (usually called simply “pound” or “sterling”) is the currency used in the United Kingdom and in British territories. Banknotes were introduced following the creation of the Bank of England in 1694, but the history of the currency can be traced long before that, making the pound the oldest world currency that is still in use. The sterling was the most important currency in the world before the World War I. After the World War II had broken out, several countries (for the most part those that belonged to the British Empire) either introduced the pound as their own currency, or pegged their currencies to the sterling. These countries have become know as the sterling area. The importance of the UK currency and the sterling was diminished after the pound was allowed to float freely in 1972. Subsequently, the role of the major world medium of exchange passed to the US dollar. It is still the fourth most traded currency after the dollar, the euro and the yen. The pound is also used as a reserve currency.



Great Britain Pound News Archive

GBP/CAD Closing In on the 1.7567 Resistance

The Great Britain pound versus the Canadian dollar currency pair seems to be on its way to the main objective of 1.7567. Long-term perspective After the false piercing of the 1.7567 resistance, noted by the 1.7674 high, the price dropped until the 1.6810 low. From there, an ascending movement took shape, as the series of higher lows and highs point out. The fact that the bulls are willing to — and apparently accomplishing — wipe out the sharp decline that […]

Bulls Still Untouched on GBP/USD After 1.3398 High?

The Great Britain pound versus the US dollar currency pair may fall in bearish hands. But will the bulls allow this? Long-term perspective After the low of 1.2075 validated the firm support of 1.2092, the price started an ascending trend that extended nearby the 1.3502 intermediary level. However, as the 1.3502 high was well above a triple resistance area — defined by the descending trendline, the upper line of the rising channel, and the 1.3261 level — validating […]

Pound Rallies to 12-Week Highs on AstraZeneca Vaccine, UK PMIs

The sterling pound today surged to 12-week highs against the dollar boosted by news of AstraZeneca’s COVID-19 vaccine given that its a British/Swedish company. The GBP/USD currency pair later trimmed its gains after the dollar surged to new multi-month highs on upbeat US Flash PMIs released by Markit Economics.

Pound Rallies on Upbeat UK Retail Sales Data, Brexit Talks Progress

The British pound today surged higher against the US dollar boosted by the upbeat UK retail sales data, which beat analysts expectations by a wide margin. The GBP/USD currency pair’s rally was also fueled by investor optimism regarding the post-Brexit trade talks ahead of the rapidly approaching December 31st deadline.

Next Target on GBP/CAD: 1.7445?

The Great Britain pound versus the Canadian dollar currency pair seems to be determined to reach 1.7445. Can the bears change this course?

Sterling Pound Rallies Against Dollar on Upbeat UK Inflation Data

The Sterling pound today surged against the dollar boosted by the upbeat British inflation report released early in the morning and the positive investor mood. The GBP/USD currency pair’s rally was also fueled by investor hopes that the UK and EU will reach a post-Brexit trade deal before the fast-approaching December 31 deadline.

Can the Bulls Take Out the High of 1.3313 on GBP/USD?

The Great Britain pound versus the US dollar currency pair seems to be willing to go north, but do the bulls have what it takes to push the price higher?

Pound Falls Against Dollar on Weak UK GDP Data, Brexit Stalement

The Sterling pound today fell against the dollar following the release of weak UK GDP data as the country’s economy expanded less than expected in September. The GBP/USD currency pair’s decline was further fueled by the lack of progress in Brexit negotiations as the December 31st deadline draws near.

Bulls Fail to Conquer 1.7285 on GBP/CAD?

The Great Britain pound versus the Canadian dollar currency pair seems to be having trouble climbing.

First Stop at 1.3261 on GBP/USD?

The Great Britain pound versus the United States dollar currency pair seems to aim for 1.3261. But do the bulls still have enough steam?

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