GBP/USD Live News

This page provides live coverage and news analysis on the GBP/USD currency pair

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Oct. 26, 2020

Steady Pound/Dollar parks at 1.3027

Live - Updated 54 minutes ago.

A mostly flat day for GBP/USD, ranging between 1.3066 and 1.3017 and is now at 1.3027.

Meanwhile, mixed performances are seen elsewhere as USD/SGD is trading around 1.359 after starting the session at 1.3571 (down 0.14%). The Canadian Dollar is trading around 1.3161 (up 28 pips).

At 1.3031, Pound made an initial breakout below the 5 day Simple Moving Average. The nearest resistance level is at 1.3339, followed by 1.4909 at the next level, support levels are at 1.2486, and followed by 1.2037 further down.

Data to be released later might clear up some of the fog for Pound/Dollar as Tomorrow at 12:30 PM, data for United States Core Durable Goods Orders will be released, with an expected decline to 0.4 from the preceding figure of 0.6. United States Consumer Confidence is projected to outperform the last figure with 102.5, while it previously stood at 101.8, figure will be published tomorrow at 2:00 PM. The United Kingdom CBI Distributive Trades Survey (Oct) is excepted tomorrow at 11:00 AM.

Oct. 23, 2020

Sterling drifts to 1.3038 (down 41 pips) after starting the day at 1.308,

(22:03) GMT

GBP/USD slid down from 1.308 to 1.3038, losing 41 pips (-0.32%).

This downslide might be related to financial indicators data published earlier as United Kingdom Services PMI fell short of the 55 projections, with 52.3 and continued its downward trajectory from the previous figure of 56.1. United Kingdom Composite PMI fell short of the 55.6 projections, to 52.9 and continued its downward trajectory from the previous figure of 55.7.

Nonetheless, encouraging indicators for Pound/Dollar published earlier when Data for United Kingdom Retail Sales released today at 6:00 AM came out at 1.5, beating projections of 0.4 and showing improvement over the preceding figure of 0.9.

Taking a wider perspective, performance of these other symbols usually suggests a setback for the pound/dollar as the Pound/Yen dropped -0.41% (56 pips) to 136.55.

At the same time, Euro/Pound is trading around 0.9094 after starting the session at 0.9034 (up 0.67%).

The nearest resistance level is at 1.3339, followed by 1.4909 at the next level, support levels are at 1.2486, and followed by 1.2037 further down.

Oct. 22, 2020

Trend reversal? after three days of going up, Sterling down 60 pips today

(22:03) GMT

On the flip side, United Kingdom's Consumer Price Index matches expectations with new data release of 0.5. This is also a step forward from the previous data of 0.2.

Meanwhile, data for United Kingdom PPI Input (MoM) (Sep) released on Wednesday at 6:00 AM came out at 1.1, beating projections of -0.4 and showing improvement over the preceding figure of -0.4. Data for United Kingdom CBI Industrial Trends Orders (Oct) released today at 10:00 AM came out at -34, beating projections of -45 and showing improvement over the preceding figure of -48.

Taking a wider perspective, performance of these other symbols usually suggests a setback for the pound/dollar as the Singapore Dollar is trading around 1.3566 (up 29 pips). The Pound/Yen dropped -0.17% (22 pips) to 137.18.

The nearest resistance level is at 1.3339, followed by 1.4909 at the next level, support levels are at 1.2486, and followed by 1.2037 further down.

The market will be looking forward to the upcoming release of the following indicators: Projections for United Kingdom Services PMI are set for a continuation of decline with 55 while previous data was 56.1, Data will be released tomorrow at 8:30 AM. The United Kingdom Manufacturing PMI is projected to outperform last figure with 54.3, while it previously stood at 54.1, data will be released tomorrow at 8:30 AM. Tomorrow at 8:30 AM, data for the United Kingdom Composite PMI will be released, with an expected decline to 55.6 from the preceding figure of 55.7.

Oct. 21, 2020

Pound made its largest jump (201 pips) since Apr. 20

(22:03) GMT

After starting the day at 1.3143 GBP/USD made its largest single-day jump (201 pips) since Apr. 20, and is now trading around 1.3148

The British Pound green move takes place amid mixed market indicators – United Kingdom Consumer Price Index matches expectations with new data release of 0.5. This is a step backward from the previous data of 0.2. United States Building Permits fell short of the 1.52 projections, with 1.553 and continued its downward trajectory from the previous figure of 1.476.

Meanwhile, data for United Kingdom PPI Input (MoM) (Sep) released today at 6:00 AM came out at 1.1, beating projections of -0.4 and showing improvement over the preceding figure of -0.4.

The nearest resistance level is at 1.3339, followed by 1.4909 at the next level, support levels are at 1.2486, and followed by 1.2037 further down.

A look at other markets shows behavior that usually indicates a green move for the British Pound, as the Pound/Yen is up 0.69% (94 pips) to 137.46 levels. The New-Zealand Dollar is green with a 1.17% up move (77 pips), to 0.6658 levels. The Singapore Dollar dropped to 1.3539 (26 pips).

In the meantime, Euro/Pound is trading around 0.9023 after starting the session at 0.9132 (down 108 pips).

The market is looking forward to United Kingdom BoE Gov Bailey's speech is scheduled for tomorrow at 9:25 AM. United Kingdom CBI Industrial Trends Orders (Oct) projected to outperform last figure at -45, while it previously stood at -48, figure will be published tomorrow at 10:00 AM. United Kingdom Core Retail Sales set for tomorrow at 6:00 AM. United Kingdom BoE MPC Member Haldane's speech is scheduled for tomorrow at 8:30 AM.

Oct. 20, 2020

With no major movement Sterling is trading around 1.2952

(22:03) GMT

This limbo state for British Pounds is reflected by market data published as United States Building Permits fall short of the 1.52 projections, with 1.553 and continued its downward trajectory from the previous figure of 1.476. Data for United States API Weekly Crude Oil Stock released today at 8:30 PM came out at 0.584, beating projections of -1.9 and showing improvement over the preceding figure of -5.422. United States Housing Starts released earlier shows an improvement to 1.415 from the preceding data of 1.388, but falls short of the projected 1.457.

Meanwhile, mixed performances are seen elsewhere as the Canadian Dollar dropped to 1.3123 (63 pips). The Pound/Yen made some headway from 136.43 to 136.62 (0.14%, 18 pips).

The nearest resistance level is at 1.3339, followed by 1.4909 at the next level, support levels are at 1.2486, and followed by 1.2037 further down.

Data to be released later might clear up some of the fog for Pound/Dollar as the United Kingdom Consumer Price Index is projected to come out at 0.5 – worse than previous data of -0.4, Data will be released tomorrow at 6:00 AM. United Kingdom PPI Input (MoM) (Sep) is excepted tomorrow at 6:00 AM. United Kingdom MPC Member Ramsden's speech is expected tomorrow at 12:10 PM.

Oct. 19, 2020

After starting the day at 1.2909, British Pound crawls to 1.2948 (up 39 pips)

(22:03) GMT

Meanwhile, data for the United Kingdom Rightmove House Price Index (MoM) was released on Sunday at 11:01 PM, suggests a downwards trend at 1.1, while previous data was 0.2. The United States NAHB Housing Market Index (Oct) fell short of the 83 projections, with 85 and continued its downward trajectory from the previous figure of 83. Data for the United States 3-Month Bill Auction was released today at 3:30 PM and suggests a downwards trend of 0.1, while previous data was 0.105.

A look at other markets shows behavior that usually indicates a green move for the pound, as the pound/yen is green with a 0.35% up move (46 pips), to 136.5 levels.

In the meantime, USD/SGD trading with no major change, around 1.3576.

The market is looking forward to the United Kingdom House Price Index set for tomorrow at 8:30 AM.