GBP/USD faced significant pressure, dipping to $1.3223 during the Asian session. However, a recovery ensued, lifting Cable above $1.3400 following Trump’s announcement of a ceasefire in Iran, which led to a sharp decline in the USD and a resurgence of risk appetite in the markets. The intraday range — from $1.3223 to $1.3457 by mid-session … Read more
GBP/USD commenced Thursday at approximately 1.3244, establishing support during the Asian session by rebounding from the critical swing zone between 1.3244 and 1.3252. It entered North American trading close to the 100-hour moving average at 1.3301 and experienced a rise to 1.3356 after the Bank of England’s announcement — reflecting an increase of around 0.76% … Read more
GBP/USD is currently at 1.3310 on Tuesday, influenced by two opposing forces: a pound that is showing modest recovery and has performed relatively well compared to other G10 currencies amid the Iran conflict, and a US Dollar that remains resilient as geopolitical risk premiums, safe-haven demand, and a hawkish Federal Reserve scenario continue to support … Read more
GBP/USD is currently positioned at $1.3225–$1.3316 on Monday, marking a break from a four-day decline with a modest rebound from Friday’s three-month lows beneath $1.3250. The bounce is evident; however, the context lacks optimism — the pair continues to trade beneath the 20-period Simple Moving Average at $1.3325 and significantly below the gradually declining 100-period … Read more
The GBP/USD pair is currently positioned around 1.3340 to 1.3350 on Monday, reflecting a decline of 0.5% for the session. This marks the pound’s lowest point against the dollar since it reached a three-month low of 1.3283 during early European trading. Subsequently, there was a partial recovery to 1.3409 as oil prices retreated from their … Read more
GBP/USD is currently at 1.3362 as of March 6, 2026, showing signs of consolidation after a brief dip to three-month lows around 1.3250 earlier this week. This marks a potential third consecutive weekly decline, significantly lower than the late-January peak of 1.3870. The 620-pip decline over a span of five weeks cannot be classified as … Read more
GBP/USD is currently at 1.3337 on Thursday, reflecting a decrease of 0.25%, remaining close to three-month lows within a descending channel that has limited every rally since the 1.3869 swing high. Two forces are acting concurrently on sterling: geopolitical safe-haven demand pushing the DXY to 98.90-99.00 for a third straight day, and U.S. economic data … Read more
GBP/USD is currently positioned at $1.3361-$1.3380 on Wednesday, showing a slight recovery from the session’s lows but struggling to maintain a definitive break above the $1.3400 psychological threshold that has characterized the pair’s upper limit since the onset of the Iran conflict. The session high reached $1.3403 before sellers regained dominance — a clear rejection … Read more
GBP/USD reached a high of 1.3575 earlier this week, benefiting from global risk appetite and the equity surge driven by Nvidia’s earnings, only to relinquish those gains subsequently. Cable was at 1.3492 on Friday morning, but it fell to daily lows around 1.3450 by the afternoon session, declining despite the FTSE 100 reaching a new … Read more
The GBP/USD pair is currently situated in the 1.3530–1.3565 range, with the spot price fluctuating approximately between 1.3531 and 1.3540 during European trading and reaching around 1.3565 in Asia. The price is positioned nearly precisely on the 20-day EMA at 1.3562, indicating a market that is currently in a state of equilibrium rather than exhibiting … Read more