GBP/USD — News Archive

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Pound Trades Sideways Against the Dollar, Later Edges Higher

The British pound today traded sideways against the dollar alternating between losses and gains before rallying higher to post gains amid hopes for further UK stimulus measures. The GBP/USD currency pair today rallied to its daily highs after the Chancellor of the Exchequer unveiled measures to directly support British workers.

US Dollar Among Strongest on Coronavirus Fears

The US dollar was firm today, battling with the Great Britain pound for the title of the strongest currency during Wednesday’s trading. Market analysts explained the strong performance by risk aversion on markets.

Pound Falls Against Dollar on Brexit and New UK COVID-19 Rules

The Sterling pound today fell against the US dollar as investors remained wary of the current state of post-Brexit trade talks with the rising chances of a no-deal scenario. The GBP/USD currency pair’s decline was also fueled by the increasing coronavirus cases in the UK, which saw the government impose new restrictions to curb its spread.

Next Target on GBP/USD: 1.2514?

The Great Britain pound versus the US dollar currency pair, after the last drop, seems to be governed by the bears. Can the bulls turn the situation in their favor?

US Dollar Ends Confusing Week Mixed

The past trading week was rather confusing, with many currencies moving in unexpected directions. For example, the Japanese yen and the Swiss franc are both considered to be safe currencies and thus usually move in the same direction. But this week, the Japanese yen ended trading as the strongest currency on the Forex market, while the Swiss franc was the weakest one. The US dollar was not an exception, moving unpredictably after the FOMC monetary […]

Pound Rallies on Brexit Deal Hopes and Upbeat UK Retail Sales

The Sterling pound today fell then rallied against the US dollar to trade at breakeven amid investor optimism that the EU and UK could sign a post-Brexit deal soon. The GBP/USD currency pair today attempted to extend its 4-day rally boosted by the upbeat UK retail sales data and the positive investor sentiment that favoured risk assets.

Sterling Tanks After BoE Talks About Negative Interest Rates

The Great Britain pound sank today, overtaking the New Zealand dollar as the weakest currency on the Forex market during Thursday’s trading. The sterling dropped after the monetary policy announcement from the Bank of England. While the central bank kept its policy unchanged, the wording of the statement led to the drop of the currency.

Pound Rallies on Brexit Optimism, Later Falls on FOMC Decision

The British pound today rallied higher against the US dollar amid optimism that the UK would not crash out of the EU after Boris Johnson toned down his rhetoric. The GBP/USD currency pair’s rally was also driven by the dollar’s selloff coupled with the upbeat UK inflation data released earlier today, which boosted the pound.

Sterling Pound Rallies on Upbeat Risk Appetite, Falls on Brexit Fears

The Sterling pound today rallied higher against the US dollar driven by market optimism about progress in the development of a vaccine for the coronavirus. The GBP/USD currency pair’s rally did not last as it headed lower in the mid-London session amid market fears of a hard Brexit and a recovery by the US dollar.

Possible Support at 1.2777 on GBP/USD?

The Great Britain pound versus the US dollar currency pair seems to be bouncing off 1.2777. Is this a sustainable appreciation?

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