Fundamental analysis of GBP/USD

14.03.2023The British pound sterling has risen markedly against the US dollar. The current quote in GBPUSD is 1.2164.The UK released employment sector statistics on Tuesday. The unemployment rate in January held steady at 3.7% against expectations of an increase to 3.8%. Average payrolls for the 3 m...

21.10.2022The British pound sterling is down against the US dollar on Friday. The current quote in GBPUSD is 1.1190. So, another political intrigue in the UK has been resolved. Prime Minister Liz Truss has resigned over the consequences of the economic programme she was promoting. "A 'split' in the ...

18.10.2022The British pound sterling has stabilised against the US dollar. The current quote in GBPUSD is 1.1343. The political news stream in the UK is brimming with events and emotions, but at the moment the pound is "not paying attention".The "focus" is the Bank of England and what is happening w...

21.09.2022GBPUSD is plummeting non-stop.The Pound Sterling reached another low against the USD. The current quote for the instrument is 1.1343.American dollar is putting more and more pressure on the currency market. Most investors are trying to escape risks considering the current escalation in geo...

02.09.2022GBPUSD keeps updating its lows; there are very few options on how to stop the plunge. After updating another low against the USD, the Pound Sterling is trying to reach stability. The current quote for the instrument is 1.1562.The political factor should be cleared up as early as next Monda...

30.08.2022GBPUSD remains under pressure; the asset is trading at its 30-month lows.On Tuesday morning, the Pound Sterling is looking as weak against the USD as before. The current quote for the instrument is 1.1715.It appears that the British economy can’t handle one problem before another starts kn...

29.08.2022GBPUSD is plunging and updating its multi-month lows.The Pound Sterling can’t help plummeting against the USD. The current quote for the instrument is 1.1674.Apart from the strong ”greenback” factor and global risk aversion, negative news came from the British energy regulator, The Office ...

24.08.2022GBPUSD hit the low of March 2020; the asset remains under pressure.The Pound Sterling hit a new bottom against the USD. The current quote for the instrument is 1.1823.Yesterday, the Pound was testing the low it reached on 23 March 2020, at 1.1717.Just like we said before, the Pound must be...

22.08.2022GBPUSD is falling attacked by the “greenback” and because of the controversial economic outlook. The Pound Sterling remains weak against the USD. The current quote for the instrument is 1.1833.The Pound is highly likely to continue “losing weight” in the near future. No matter what decisio...

19.08.2022GBPUSD continues falling; July lows are ahead. The Pound Sterling is looking weak against the USD. The current quote for the instrument is 1.1858.The statistics published earlier today didn’t provide the Pound with any support. Retail Sales in the United Kingdom added 0.3% m/m in July agai...

17.08.2022GBPUSD remains under slight pressure on Wednesday after the United Kingdom released numbers on inflation.The Pound Sterling is slowly falling against the USD. The current quote for the instrument is 1.2114.The British CPI skyrocketed in July and reached 10.1% y/y after being 9.4% y/y in Ju...

16.08.2022GBPUSD is falling on Tuesday; bears are getting more aggressive.The Pound Sterling continues to fall against the USD without any breaks. The current quote for the instrument is 1.2022.Earlier today, the United Kingdom released several reports on its labour market. The Unemployment Rate rem...

12.08.2022GBPUSD is keeping its positive momentum while the “greenback” remains weak. The Pound Sterling is looking good against the USD on Friday. The current quote for the instrument is 1.2178.In the morning, the United Kingdom released a great deal of numbers. Industrial Production lost 0.9% m/m ...

05.08.2022GBPUSD priced in the decisions of the Bank of England, but barely moved anywhere.The Pound Sterling is balancing against the USD after the August meeting of the British regulator. The current quote for the instrument is 1.2164.The Bank of England had another meeting yesterday and raised th...

02.08.2022GBPUSD is keeping the positive momentum gained earlier.The Pound Sterling continues to rise against the USD. The current quote for the instrument is 1.2235.The statistics published yesterday showed that Manufacturing PMI in the United Kingdom dropped to 52.1 points in July against the expe...

14.07.2022GBPUSD remains under bearish pressure on Thursday.The Pound Sterling is retreating against the USD without looking back. The current quote for the instrument is 1.1840.The key reason for this decline is the strength of the American currency. As long as the “greenback” is in demand as a “sa...

12.07.2022GBPUSD is falling attacked by the USD and a great deal of domestic problems. The Pound Sterling is retreating against the USD. The current quote for the instrument is 1.1840.It’s difficult for the British currency to fight the USD’s attack. On the other hand, domestic conditions in the Uni...

08.07.2022GBPUSD moved upwards in response to the British Prime Minister's resignation.The Pound Sterling is consolidating against the USD on Friday after a slight growth the day before. The current quote for the instrument is 1.1936. British politics took the stage yesterday. British Prime Minister...

06.07.2022GBPUSD is another victim of global risk aversion.The Pound sterling is looking weak against the USD on Wednesday. The current quote for the instrument is 1.1949.Risk aversion amid a new wave of concerns about a possible global recession hurt the Pound as well. The last time the British cur...

05.07.2022GBPUSD has fixed inside the range but any risk will make it retreat.The Pound sterling is looking rather neutral against the USD on Tuesday. The current quote for the instrument is 1.2110.There are still a lot of risks for the British currency. One of the latest is the decline in consumer ...

30.06.2022GBPUSD took a break after a couple of days of plummeting.The Pound sterling stopped falling against the USD. The current quote for the instrument is 1.2135.First of all, the Pound is under domestic pressure – the United Kingdom has just survived the most significant rail strike in 30 years...

23.06.2022GBPUSD is falling – railway workers and teachers are on strike.The Pound sterling is back to falling against the USD. The current quote for the instrument is 1.2203.The statistics published yesterday showed that the Consumer Price Index in the United Kingdom was 9.1% y/y in May, the same a...

21.06.2022GBPUSD is slowly rising; investors are keeping an eye on risks.The Pound sterling is growing a little bit against the USD on Tuesday. The current quote for the instrument is 1.2305.This month was pretty rough for the British currency. It seems like it is taking a short break now, but reaso...

23.05.2022GBPUSD is keeping its positive momentum and trying to get back to balance.The Pound sterling is moving away from its local lows against the USD. The current quote for the instrument is 1.2552.The statistics published last Friday showed that the Retail Sales in the United Kingdom gained 1.4...

18.05.2022GBPUSD moved away from its lows but investors need good news to continue buying. The Pound sterling took a break against the USD on Wednesday. The current quote for the instrument is 1.2403.The United Kingdom continues to release the statistics, this time on prices. For example, the CPI sh...

17.05.2022GBPUSD is successfully moving away from its lows. The Pound sterling continues recovering against the USD on Tuesday. The current quote for the instrument is 1.2458.A short pause in the USD rally allows other traded currencies to reach stability or even recover a little bit. However, nothi...

12.05.2022GBPUSD remains under bearish pressure; there is no good news.The Pound sterling continues weakening against the USD on Thursday. the current quote for the instrument is 1.2205.Today’s flow of statistics didn’t give the Pound a single chance to reach stability. For example, it turned out th...

11.05.2022GBPUSD remains under bearish pressure; the Brexit issue doesn’t make things more optimistic.The Pound sterling remains weak against the USD. The current quote for the instrument is 1.2374.Today’s slight optimism shouldn’t mislead anybody: lows in GBP are too close. On Monday 9 May, the ass...

22.04.2022GBPUSD updated the lows after the UK released Retail Sales statistics.The Pound sterling dropped against the USD on Friday. The current quote for the instrument is 1.2908.The new bottom, 1.2898. is the lowest since 3 November 2020. The key trigger for this was the Retail Sales Report publi...

20.04.2022GBPUSD remains under pressure; the Pound sterling is taking any opportunity to reach stability.The British Pound is taking severe damage from the USD attack and is using every single opportunity to recover. The current quote for the instrument is 1.3023.The lack of any important macroecono...