GBP/USD Live News

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Jan. 28, 2021

The British Pound nudged to 1.3667 ahead of the United States GDP today at 1:30 PM

Live - Updated 35 minutes ago.

United States GDP data will be released today at 1:30 PM, with an expected improvement to four. GBP/USD reaction to indicator information will follow.

As the market gets ready for data release – At 0.8837, Euro/Pound is down to its lowest value in 8 months. After an 11 month hiatus, pound/yen is back at 142.67 levels. USD/SGD made its largest single-day gain (58 pips) since September 2020.

The Pound technical analysis picture ahead of the data: The Pound/Dollar broke through the 1.3665 support line and dropped 1 pip below it. At 1.3653, The British Pound made an initial breakout below the 10 day Simple Moving Average, an indication of a negative trend. Medium-term trend indication has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line crosses below the MACD signal line. The upper Bollinger band was at 1.3755, indicating a further downward move might be next. Overall, looking at the technical analysis landscape, it seems the British Pound is likely to continue pointing down in the short term.

Earlier data releases related to The Pound – United States's Interest Rate published yesterday at 7:00 PM came out at 0.25. The indicator value matched both the projected value and the previous data of 0.25. United States Crude Oil Inventories fell short of the 430,000 projections, at -9.91 million and continued its downward trajectory from the previous figure of 4.35 million.

The Coming up for Pound/Dollar – United Kingdom Nationwide HPI (YoY) will be released tomorrow at 7:00 AM. The United Kingdom Nationwide HPI (MoM) will be released tomorrow at 7:00 AM.

The British Pound social media highlights:

Jan. 27, 2021

The Pound rallied beyond 1.3759 for the first time in 2 years

(22:03) GMT

After opening at 1.3732, GBP/USD reached 1.3759, breaking a 2 year record. Later, it lost 69 pips and is now trading at 1.369.

This downslide might be related to financial indicators data published earlier as United Kingdom Claimant Count Change (Dec) fell short of the 35,000 projections, at 7,000 and continued its downward trajectory from the previous figure of 38,100. United States Crude Oil Inventories published today at 3:30 PM came out at -9.91 million, falling short of the 430,000 projections and continuing its decline from the previous 4.35 million figure.

On the flip side, data for United Kingdom Average Earnings Index +Bonus released yesterday at 7:00 AM came out at 3.6, beating projections of 2.9 and showing improvement over the preceding figure of 2.8.

In terms of trend indicators, we can see that at 1.3675, the British Pound made an initial breakout below the 5 day Simple Moving Average, an indication of a negative trend. Asset volatility analysis shows that the upper Bollinger band is at 1.3756, indicating a further downward move might be next. In contrast, Pound/Dollar reversed direction at 1.3665 support zone and climbed 24 pips above it.

Overall, looking at the technical analysis landscape – although indicators are mixed and some are pointing in different directions, it seems further drawbacks may be next for The Pound.

Around the markets, mixed performances were seen elsewhere as the pound/yen rallied beyond 142.41 for the first time in 11 months. At 0.8846, Euro/Pound is down to its lowest value in 8 months. The New-Zealand Dollar made its largest single-day drop (76 pips) since September 2020. The Canadian Dollar made its largest single-day gain (90 pips) since October 2020.

The market will be looking forward to upcoming data for United States GDP projected to decline to four while the previous data was 33.4, Data will be released tomorrow at 1:30 PM. United States New Home Sales is projected to outperform last figure with 865,000, while it previously stood at 841,000, data will be released tomorrow at 3:00 PM. The United States Initial Jobless Claims is projected to outperform last figure at 875,000, while it previously stood at 900,000, figure will be published tomorrow at 1:30 PM.

Pound/Dollar social media highlights:

Jan. 26, 2021

After starting the day at 1.3676, Pound/Dollar moves up to 1.3739 (up 63 pips)

(22:03) GMT

The uptick comes while some more positive signs for Pound/Dollar are out as United Kingdom Average Earnings Index +Bonus beats expectations of 2.9 with new data release of 3.6. This is also a step forward from the previous data of 2.8. United States Consumer Confidence beats expectations of 89 with the new data release of 89.3. This is also a step forward from the previous data of 87.1.

At the same time, United Kingdom Claimant Count Change (Dec) published today at 7:00 AM came out at 7,000, falling short of the 35,000 projections and continuing its decline from the previous 38,100 figure.

A look at other markets shows behavior that usually indicates a green move for the pound, as the Pound/Yen went up from 141.87 to 142.31 (0.31% 44 pips). The New-Zealand Dollar gained 0.58% (41 pips), reaching 0.7245 levels.

The upper Bollinger band is at 1.3758, indicating a negative correction might be next. Overall, looking at the technical analysis landscape, it seems a reverse of course in the short term might be next for the British Pound.

The market is looking forward to Tomorrow at 3:30 PM, data for United States Crude Oil Inventories will be released, with an expected decline to 603,000 from the preceding figure of 4.35 million. The United States Interest Rate figure is projected at 0.25 while it previously stood at 0.25, data will be released tomorrow at 7:00 PM. The United States FOMC Statement is scheduled for tomorrow at 7:00 PM.

Jan. 25, 2021

Pound/Dollar edges to 1.3667 ahead of United Kingdom Average Earnings Index +Bonus tomorrow at 7:00 AM

(22:03) GMT

United Kingdom Average Earnings Index +Bonus data will be released tomorrow at 7:00 AM, with an expected decline to 2.9. GBP/USD reaction to indicator information will follow, meanwhile it edges to 1.3667.

As the market gets ready for the data release – USD/SGD went down to 1.3267 (19 pips). The Pound/Yen dropped 0.13% (18 pips) to 141.77. The Kiwi made some headway from 0.7183 to 0.7204 (0.3%, 21 pips).

The British Pound technical analysis overall picture ahead of indicator data: The upper Bollinger band at 1.3753, indicating a further downward move might be next. Overall, looking at the technical analysis landscape, it seems further drawbacks may be next for the Pound/Dollar

Coming up for The Pound –

United Kingdom Claimant Count Change (Dec) will be released tomorrow at 7:00 AM. United Kingdom Employment Change 3M/3M (MoM) (Nov) is projected to rise to -100,000, beating the previous -144,000 figure. Official data is expected tomorrow at 7:00 AM.

Pound/Dollar social media highlights: