GBP/USD has succumbed to the pressure of a strengthening dollar. The pound reversed its earlier gains, declining below the 1.34 mark to reach 1.3325 — the lowest point since May 15 — as investors flocked to the US dollar in response to Friday’s impressive jobs report. Sterling has now weakened approximately 1.97% over the past … Read more
Cable finds itself ensnared in a predicament similar to that of the euro: as the central bank adopts a hawkish stance, the currency continues to decline regardless. GBP/USD declined to 1.3449 on Wednesday, reflecting a decrease of approximately 0.13% during the session and marking its lowest point since early April, significantly below the multi-year peak … Read more
The British pound traded around 1.3429 on Thursday, slipping a marginal 0.15% on the session as it dipped intraday toward the 1.337 area before stabilising. The pair has demonstrated a remarkable degree of resilience compared to the euro, which is currently positioned near six-week lows. However, it remains constrained by a generally strong U.S. dollar, … Read more
GBP/USD is currently at 1.3446 during midday European trading on Tuesday, reflecting a decline of 0.42% for the day after continuing a pullback from the 1.3500 round-number resistance observed earlier in the morning session. The pair was positioned at 1.3517 on April 22, marking a three-week peak achieved amid a general weakening of the dollar … Read more
The pound is currently exhibiting a remarkable stability in the foreign exchange market, maintaining its position amidst the dynamic fluctuations occurring around it. GBP/USD (Cable) is currently positioned at $1.3406-$1.3445 across major venues, reflecting a decline of approximately 0.13%-0.20% during the session. This follows a peak near $1.3454 earlier and a rebound from Wednesday’s daily … Read more
GBP/USD is currently at 1.34 on Wednesday, fluctuating within the 1.3392 to 1.3440 range following a session that saw traders caught between a weaker UK CPI report and fresh dollar selling driven by optimism surrounding the Iran deal. The pair reached a daily peak of 1.3437 before experiencing a slight pullback during the European afternoon. … Read more
The pound is experiencing a significant decline, following a classic pattern, compelling every G10 desk to reassess their cable strategy from the fundamentals. GBP/USD is currently at 1.3392 in the New York session on Tuesday, May 19, 2026, reflecting a decline of 0.31% intraday after reaching a session high of 1.3437 and subsequently falling below … Read more
GBP/USD is currently at $1.3375 during the New York session on Monday, following a positive rebound from the early European low of $1.3300 — marking the lowest level for the pair in over five weeks. The movement toward $1.3380 indicates an approximate 80-pip increase from the day’s lowest point, largely influenced by a report stating … Read more
The GBP/USD pair demonstrated volatility in the wake of the Federal Reserve’s interest rate announcement, alongside a rise in geopolitical tensions. It was trading at 1.3480, just below this month’s high of 1.3595, as focus shifted to the upcoming Bank of England interest rate decision. The GBP/USD pair saw a pullback, driven by multiple factors, … Read more
The GBP/USD pair exhibited minimal movement on Wednesday as attention turned to the increasing government bond yields in both the US and UK, driven by escalating inflation concerns. The current trading level stands at 1.3550, which is below the previous week’s peak of 1.3656. The GBP/USD pair experienced an increase as market participants concentrated on … Read more