British Pound

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British Pound Short-Term Outlook: GBP/USD Coils Above Uptrend Support

British Pound is in consolidation just above multi-month uptrend support– breakout pending. The levels that matter on the GBP/USD short-term technical charts.


British pound analysis: GBP/USD holds support in the mid-1.23s

GBP/USD remains above its rising 50- and 100-day EMAs potentially setting the stage for a continuation higher from here

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British Pound Technical Forecast: GBP/USD Battle Lines Drawn for June

British Pound rebounded off support this week and the battle lines are drawn heading into June. The levels that matter on the GBP/USD weekly technical chart.

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British Pound short-term outlook: GBP/USD breakout faces BoE

British Pound surged to fresh yearly highs this week with the bulls eyeing resistance ahead of the BoE. Levels that matter on the GBP/USD short-term technical charts.

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British Pound technical forecast: GBP/USD 2023 breakout levels

British Pound has rallied eight of the past nine-weeks with GBP/USD breaching the yearly opening-range highs. Levels that matter on the weekly technical chart.

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British Pound short-term outlook: GBP/USD threatens correction

British Pound plunged more than 1.5% off fresh yearly highs with Sterling threatening a larger correction. Levels that matter on the GBP/USD short-term technical charts.

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April 17, 2023 01:30 PM
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British Pound technical forecast: GBP/USD rips into range resistance

British Pound surged nearly 5% off the yearly low with a five-week rally now eyeing key resistance at the yearly high. Levels that matter on the GBP/USD weekly chart.

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March 30, 2023 11:34 AM

GBP/USD: Why pound parity (1.00) is a potentially plausible prospect

The eerie similarities to the mid-1980s hint that GBP/USD could fall toward parity (1.00) in the coming quarters...

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September 20, 2022 09:48 AM
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Weekly COT report: GBP futures on the cusp of net-long exposure

What began as a short-covering rally is now seeing increased bullish activity on the British pound futures contract.

GBP/USD: What doesn't kill you makes you stronger?

When Brexit-related uncertainty was at its peak towards the end of last year and in early parts of 2019, the GBP/USD and other pound crosses fell sharply across the board. Yet, since the turn of the year, the GBP/USD has actually been pushing higher despite the bears throwing the kitchen sink at the beleaguered currency.

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April 23, 2019 02:05 AM

GBP/JPY drops to support amid Brexit stalemate and CPI miss

The British pound was the weakest major currency yesterday on the back of reports that there was no agreement on a customs union between Labour and Conservatives. It fell further this morning in reaction to the latest consumer inflation data.

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April 17, 2019 03:48 AM

GBP/USD Unimpressed by Brexit “Flextension”

The Brexit merry-go-round continues to turn, with today’s news highlighted by the potential for a “flextension” to Brexit negotiations...

GBP/USD Traders React to Latest Brexit Developments: ¯\_(ツ)_/¯

Over 1,000 days after the UK narrowly voted to leave the European Union, it’s still not remotely clear how the new relationship will look, who is in charge…and even whether the UK will leave at all!


The GBP/USD and the other pound crosses are understandably very sensitive to Brexit-related headlines given that we are fast approaching the March 29 exit date.

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March 20, 2019 03:16 AM

Pound Rebounds As MP’s Reject No-Deal Brexit

It was another volatile session for GBP after MP’s rejected a no-deal Brexit, sending the pound broadly higher and reversing prior losses.

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March 13, 2019 05:13 PM

GBP/USD Dips to 1.30 as UK Reportedly Rejects the EU’s Latest Brexit Offer

Just hours ago, my colleague Fawad Razaqzada noted that “it was not clear whether any real progress was made by Britain and the European Union in reaching an accord.” While there haven’t been any official statements, much less votes, the EU’s latest offer has reportedly been called a “non-starter” by the DUP and not enough of a change from the previously rejected offers.

Brexit: May Unveils Plan B, Market Shrugs

As my colleague Fawad Razaqzada noted earlier this morning, markets were relatively dull heading into the day’s marquee event, the release of UK PM Theresa May’s “Plan B” Brexit bill. Unfortunately, the “new” proposal did little to shake things up.

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January 21, 2019 07:51 AM

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Brexit: Betting Markets See Near Coin-Flip Odds of a Second Referendum, “Plan B” on Tap

Much like a rollercoaster ride, this week’s Brexit developments have been full of twists and turns…but have ultimately taken us right back to where we started the week. PM May’s Brexit deal was roundly rejected on Tuesday, but the Prime Minister subsequently won Wednesday’s no confidence vote. As we head into this weekend, May is once again headed to Brussels to try to forge an agreement that will be acceptable to both the EU and Parliament.

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January 18, 2019 08:58 AM

Pound pares losses after May's historic defeat

Theresa May suffered a landslide Brexit defeat. Opposition leader Jeremy Corbyn tabled a vote of no confidence tomorrow. The pound rebounded from initial losses as traders are seeing the defeat as paving the way for an extension to Article 50 rather than the start of a no deal Brexit.

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January 15, 2019 11:48 AM

GBP/JPY arrives at critical juncture as Brexit vote looms

Next week’s major market risk event is most likely to be the UK parliament’s so-called “meaningful vote” on the withdrawal agreement Prime Minister Theresa May negotiated with the European Union at the back end of last year.

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January 11, 2019 02:13 AM

BREXIT: Corbyn Readies No-Confidence Motion Ahead of Next Week’s Meaningful Vote

The debate over Theresa May’s Brexit deal is careening toward a dramatic conclusion ahead of the scheduled Parliamentary vote on Tuesday.

Brexit Update: Corbyn Submits Symbolic No-Confidence Motion

Another week, another round of Brexit speeches from UK PM Theresa May....

Technical View: GBP/USD’s Chart May Be Uglier Than Brexit Infighting

Over the last couple of days, we’ve covered the drama surrounding the vote on Theresa May’s Brexit bill, from last week’s resignation threats, to rumors of its cancellation, to confirmation of its cancellation. With May presently in Brussels negotiating with EU policymakers, the postponed “meaningful vote” is now slated to be held in the New Year, sometime before January 21.