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GBP/USD trading is available 24 hours a day from Monday to Friday, aligning with the global forex market hours. The most active trading periods are during the overlap of the London and New York sessions. Please see the GBPUSD contract details for spread, swap, and other specifics.
Taking a short position in GBP/USD means you are selling the British pound and buying the US dollar. This indicates you expect the value of the GBP to decrease relative to the USD. For example, if you short GBP/USD at 1.30 and the price falls to 1.29, you profit from the 1 cent decrease. However, if the price rises, you experience a loss.
Conversely, taking a long position in GBP/USD means you are buying the British pound and selling the US dollar. This indicates you expect the value of the GBP to increase relative to the USD. For example, if you long GBP/USD at 1.30 and the price rises to 1.31, you profit from the 1 cent increase. However, if the price falls, you incur a loss.
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The value of GBP/USD is influenced by several key factors, including interest rate differentials between the US and the UK, economic data releases, and political events.
For example, if the Federal Reserve increases interest rates while the Bank of England maintains low rates, the USD may strengthen against the GBP, driving the GBP/USD pair lower. Similarly, positive US economic data, such as higher GDP growth, can also decrease GBP/USD.
Global markets advanced as Trump scrapped February 1 tariffs after Davos talks with NATO's Mark Rutte produced a "framework" deal over Greenland, though details remain vague and Denmark still refuses to negotiate sovereignty.
Global markets retreated after Trump renewed his push to acquire Greenland and warned of new tariffs on European allies, triggering a broad selloff.
Trump’s proposed "Peace Board" has triggered divided global reactions, with nations like Argentina and Morocco showing support while others, led by France, reject or seek revisions due to concerns over the $1 billion membership fee and the potential erosion of UN authority.
US stock futures fell Monday after Trump announced planned tariffs on eight European countries, starting at 10% in February and rising to 25% by June, to exert pressure over Greenland.
Global markets delivered a mixed performance as geopolitical risks subsided.
Global markets showed mixed results as geopolitical tensions eased. The euro hovered near a one-month low of $1.165 on cautious Fed expectations, while ECB officials signaled rates will stay on hold.
Global markets are navigating a landscape defined by shifting Fed policy expectations and heightened political uncertainty.
Heightened political tension and threats to central bank autonomy are driving global markets. The dollar weakened following legal pressure on Fed Chair Powell, allowing the euro to rebound and sterling to hold near multi-month highs.
Global markets are currently driven by diverging central bank policies, resilient U.S. labor data, and escalating geopolitical risks.
The US dollar index rose toward 99, its fourth straight gain, as investors await today’s jobs report for Fed cues.
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