GBPUSD Exchange Rate
Name: GBPUSD
Description: GBPUSD represents how much US Dollars to convert into one Pound Sterling. Pound Sterling is one of the most traded currencies in the world. The City of London conducts a huge slice of FX trading every day. According to the latest Bank of International Settlements (BIS) Triennial Global FX Turnover Survey, US$844 billion of GBP are traded every day. So GBP is a liquid, easy to trade currency.
Why buy GBP over USD:
UK’s economic growth lags the US. Real GDP data shows US outperforming Britain for over a decade. This stark difference is reflected in the GBPUSD rate. In 2007, the rate averaged above 2.0. Now, 1.25. From the trading perspective, the rate is on an oversold rebound. But resistance levels above current pricing may limit GBP’s long-term advance.
Pros
- Economy may perform better than expected
- BoE may delay further tightening
- Affirms key technical support (1.20)
Cons
- Sentiments more bullish on USD
- US economy outperforms
- Political uncertainties (looming election)
-
Outlook
(3)
Overall
3EURUSD Price Chart
EURUSD Relative Performance
| FX Pair | Price | 1M % Change | 6 M % Change | 1 Y% Change | Our Rating |
|---|---|---|---|---|---|
| EUR/USD | 1.0774 | 0.68 | -1.28 | -2.72 | |
| GBP/USD | 1.2548 | 2.18 | -1.29 | 2.97 | |
| USD/JPY | 144.864 | -4.48 | 0.98 | 9.97 | |
| AUD/USD | 0.6583 | 3.20 | -1.37 | -4.76 | |
| USD/CAD | 1.3595 | -1.51 | 3.37 | 1.50 | |
| USD/CNY | 7.1366 | -2.10 | -1.40 | 5.38 | |
| USD/CHF | 0.8801 | -2.37 | -1.76 | -4.44 | |
| USD/HKD | 7.8103 | 0.02 | -0.25 | 0.06 | |
| EUR/GBP | 0.8586 | -1.47 | 0.04 | -2.54 | |
| USD/KRW | 1317.66 | -0.15 | 1.07 | 6.29 |
EURUSD Analysis & Guides
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