British pound news

GBP/USD: High volatility and a bearish outlook for the British pound with the potential bounce presenting an opportunity to short

This market has seen a rebound, rising to a high of 1.2338, up from this month’s low of 1.2100.

Wage growth increased by 3.4% after taking into account inflation, driven by strong increases in the private sector.

Price action is suggesting that a near-term rise is likely, but it seems like its not going to go very far.

GBP/USD: Right now USD is overbought and GBP oversold though it is just a matter of time before the pair drops with the 1.21 level as the area to watch

The GBP/USD exchange rate resumed its downward trend after the recent UK and US economic numbers. The pair dropped to a low of 1.2170 and is nearing its lowest level since October 2023. It has fallen by almost 10% from its highest level in 2024.

The British Pound has fallen a bit during the trading session on Friday, which in and of itself isn't surprising because we've seen it do that all week.

Markets are seeing rising risk-on sentiment as economic data points towards an increasing likelihood of US rate cuts in the foreseeable future.

Get the weekly Forex forecast for major currency pairs for the week of January 20-25, 2025 here.

The US dollar initially rallied a bit during the trading session, and that of course includes the British pound.

The chancellor tells the BBC she has got "what it takes" following a bumpy week for the UK economy.

As I look at the British pound against the Swiss franc, the first thing I notice is that the 1.11 level continues to be a significant support level.

Bulls haven't enjoyed the recent rebound gains for long in the GBP/USD pair, which reached the resistance level of 1.2305.

Official figures show the economy grew by 0.1% in November, although that was lower than had been expected.

How the health of the UK economy is measured, and why the GDP calculation matters.

Britain's largest gas supplier warned the country has less than a week of stored gas after a cold snap spiked heating demand. DW asks why stocks have fallen so fast and what the UK will do to stay warm this winter.

The GBP/USD pair remained on edge after reports from the UK and the US showed that inflation was easing. In the UK, the headline Consumer Price Index (CPI) moved from 2.6% in November to 2.5% in December, lower than the expected 2.6%.

Investors are now betting on an interest rate cut next month from the Bank of England.