Today
+0.52%
1 Week
+1.88%
1 Month
+2.60%
6 Months
+4.76%
Year to Date
+4.37%
1 Year
+7.26%
Opening Price
1.32011Previous Closing Price
1.32131Our preference: under pressure below 1.3267.
the upside breakout of 1.3267, would call for 1.3300 and 1.3320.
under pressure below 1.3267.
GBP/USD has rallied to a new high for 2024 on Thursday; the pair reached 1.3314 during trading on Thursday, its highest price for the year.
The BoE left policy on hold, as expected at today’s policy decision. The Pound Sterling (GBP) is slightly firmer on the hold, Scotiabank’s Chief FX Strategist Shaun Osborne notes.
The Pound Sterling (GBP) retains its position as the best performing G10 currency in the year to date, but it has never fully recovered to its pre-Brexit referendum levels vs.
Wednesday's UK inflation figures did not come as any major surprise.
The Pound Sterling (GBP) recovers intraday losses in the aftermath of the Federal Reserve’s (Fed) policy announcement, rising above 1.3200 against the US Dollar (USD) in Thursday’s London session.
Following the wild fluctuations seen in financial markets in the American session on Wednesday, volatility remains high early Thursday. The Bank of England (BoE) will announce monetary policy decisions during the European trading hours.