British Pound

British Pound surged nearly 11% off the yearly low with a ten-day rally in GBP/USD halting at the 2024 highs. Battle lines drawn on the Sterling weekly technical chart.

GBP/USD has shown its strongest monthly gain in March since November of 2023, and the question now is whether bulls can hold the move after testing the key resistance level at 1.3000.

GBP/USD is nearing a fresh two-month-high and the pair can remain as one of the more attractive venues for a continuation of U.S. Dollar weakness.

British Pound surged 3.2% off the monthly low with a breakout of the September downtrend stalling into resistance. Battle lines drawn on the short-term technical charts.

The strong bullish trend in GBP/USD has pushed the pair up more than 2% over the last six trading sessions, with the pound leading the way as it benefits from the short-term depreciation of the U.S. dollar.

British Pound broke out of a multi-month downtrend with the rally extended nearly 4.4% off the yearly low. Battle lines drawn on the GBP/USD weekly technical chart.

The Bank of England cut rates last week but it was the two votes for a 50 bp cut that weighed on the currency on Thursday and Friday.

Sterling slammed back into pivotal support on the heels of the BoE with GBP/USD now poised for a February breakout. Battle lines drawn on the weekly technical chart.

British Pound nearly erased the monthly declines with GBP/USD carving a weekly opening-range ahead of the Fed. Battle lines drawn on the short-term technical charts.

It was a brutal start to 2025 for GBP/USD the past week and a half has been a bit more optimistic. But this bullish channel may turn out to be a bear flag.

British Pound plunged more than 5.2% off the December highs with GBP/USD now responding to pivotal support. Battle lines drawn on the weekly technical chart.