GBP/USD - British Pound vs US Dollar

The Cable - real-time charts and analysis for the Sterling

1.2650

+0.0045 (+0.36%)

Market Overview

Current Price:1.2650

24h Change:+0.0045 (+0.36%)

24h High:1.2680

24h Low:1.2600

52 Week High:1.3140

52 Week Low:1.1800

Technical Levels

Resistance 1:1.2680

Resistance 2:1.2720

Resistance 3:1.2760

Support 1:1.2620

Support 2:1.2580

Support 3:1.2540

Market Sentiment

Bullish

Buy:60%

Sell:40%

GBP/USD Chart

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Interactive GBP/USD chart

Real-time price data and technical indicators

Fundamental Analysis

British Pound (GBP)

Key Drivers:

Bank of England monetary policy
UK economic data releases
Brexit-related developments
UK political stability

Current Rate:

5.25% (BoE Bank Rate)

Next Meeting:

February 1, 2024

US Dollar (USD)

Key Drivers:

Federal Reserve monetary policy
US economic data releases
US Treasury yields
Global risk sentiment

Current Rate:

5.25% (Fed Funds Rate)

Next Meeting:

January 31, 2024

Latest GBP/USD News

BoE Signals Rate Cut Timeline

5 hours ago

Bank of England officials have indicated that rate cuts could begin in the second quarter of 2024 if inflation continues to decline.

Bearish for GBP

UK Inflation Falls Below Target

8 hours ago

UK inflation dropped to 1.9% in December, below the 2% target, raising expectations for BoE policy easing.

Bearish for GBP

Trading Tools

Pivot Points

Pivot Point:1.2640

R1:1.2680

R2:1.2720

S1:1.2600

S2:1.2560

Fibonacci Levels

0.0%:1.1800

23.6%:1.2100

38.2%:1.2300

50.0%:1.2470

61.8%:1.2640

Technical Indicators

RSI (14):55

MACD:Bullish

Moving Average:Above

Bollinger Bands:Middle

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