Currencies-GBPUSD-

GBPUSD GBP/USD

1.20551 0.00222 (0.18%)
in USD Market Open
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Invest
-2.77% Past Week
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Prev. Close
1.2
Day’s Range
1.20206
-
1.20769
52W Range
1.03228
-
1.36421
1Y Return
-10.96%

GBP/USD Latest News

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Top Discussions
Miroslav Surkala
Doesn't take a genius to work out which one of these 3 countries risks policy overtightening, has higher ods of a crisis & will be first to cut rates (Hint: it's not the US or Euro Area) $GBPUSD $GBPJPY $EURGBP
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Irene La Rosa
$GBPUSD GBP/USD Intraday: sotto pressione. Pivot point (livello di invalidazione): 1,2100 La nostra valutazione: Posizioni corte sotto 1,2100 con target a 1,2000 e 1,1960 in estensione. Scenario alternativo: Sopra 1,2100 ci aspettiamo un ulteriore rialzo con 1,2145 e 1,2185 di target. Commento... Show More Translate
1.20551
0.00222 (0.18%)
Trade
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JenSal2020
$GBPUSD seeded (long) at 1.2055. sl at 19.7 TAYOR.
1.20551
0.00222 (0.18%)
Trade
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munFXX
Return of the dollar $USDOLLAR $GBPUSD $USDNOK $USDSEK
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Angfro
Essential watching for $USDJPY with Kuroda's successor discussed. $USDOLLAR moves at the open. Implications for Indices such as $SPX500 & $NSDQ100 Bank of Canada guidance influencing $USDCAD and CAD Jobs data too. German Factory Orders due could bounce $EUSTX50 and $GER40 UK GDP in focus later... Show More

About GBP/USD

The GBP/USD is a very popular currency pair, and one of the oldest traded pairs in the world. It measures the value of 1 Pound Sterling against the U.S. dollar. It is affected by changes in both currencies, and could be influenced by changes in interest rates decided upon by the Bank of England or the U.S. Federal Open Market Committee. It also usually displays a positive correlation with the EUR/USD pair, and a negative correlation with the USD/CHF, since all three are affected by changes in the European economy. When investing in this pair, a trader can open a short or long position. When opening a long position, the trader hopes that the ratio between the currencies will shift in favor of the GBP, so 1 Pound will be worth more in USD, thus generating a profit when selling the Pound. For example, if The Pound is valued at 1.2 USD when opening the position, and 1.3 USD when closing the position, the trader will make a profit of 10%. A short position works similarly, only in this case, the trader hopes that the USD will strengthen against the GBP. However, shifts in the currency market are measured in pips. A pip is the smallest unit of movement, to the fourth decimal place, meaning each pip equals 0.01%. Since traders wish to capitalize even on these small movements, a lot of capital is required to profit from such a shift. In mid-2016, the U.K. voted to break away from the EU, in a decision known as Brexit. This decision caused great concern in the global financial sector, and sent the GBP crashing, losing 9% in one day. Some traders predicted this change and made an incredible profit.
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