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WHAT FACTOR MAY AFFECT THE PRICE OF GBP/USD

Since the UK is one of the most trading nations, many factors can influence the price of GBP / USD. Demand for the British pound internationally, central bank policy, and political activities all play an important role in the progress of exchange rates.

the essentials indicators to take into account for GBP/USD

1.United Kingdom and United States economy

2. Monetary Policy of the Bank of England (BoE)

3. Politics and government

4. The economic data

4.GBP USD Economic Calendar

GBP/USD LIVE CHART INDICATORS

best strategies and indicators to analyze a GBP/USD live trading chart. Configured by the best traders in the world, analyze, filter and change the indicators to your liking and trading strategy.

FREE SREENERE ANALYZER FOR GBP/USD 

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LIVE FREE HIT MAP GBP/USD

GBP / USD Recommended Trading Hours

GBP/USD periods are from 08:00 to 10:00 GMT,

and from 12:00 to 15:00 GMT, it means that for day traders or binary options it is best to trade the GBP/USD pair at some other time between

06:00 and 16:00 GMT.

Trading during these periods can have a higher profit due to the larger size of the movements, and the spreads are also usually lower during these hours.

Why is the GBP/ USD pair attractive to traders?

The GBP-USD (British Pound-US Dollar) is one of the most liquid currencies in the foreign exchange market. Bid-ask spreads are extremely tight, and trading opportunities are extremely rare.

 

However, the liquidity of the pair in combination with the availability of trading instruments make GBP / USD one of the excellent options for all types of currency traders in the market.

 

History of the currency pair GBP/USD

He (GBP) THE POUND sterling in English (pound sterling) monetary symbol: (£) is the currency of the United Kingdom and the Crown and some British territories.

After several countries adopted the euro, the pound became the oldest currency in the world to be used today, and currently has the third largest share of reserve currencies worldwide, after the dollar and the euro.

The British pound is in the fourth position of the most traded currency in the international exchange market below the USD, the EUR and the JPY Japanese yen.

 

Since the UK is one of the most trading nations, many factors can influence the price of GBP / USD. Demand for the British pound internationally, central bank policy, and political activities all play an important role in the progress of exchange rates.

Some of the essential indicators to take into account:

1.United Kingdom and United States economy:

When the British economy is strong and the US is weak, this can lead to an increase in the British pound (GBP) against the dollar (USD).

2.Monetary Policy of the Bank of England (BoE):

The Central Bank of the United Kingdom has a meeting once a month to approve decisions on whether to reduce, increase or maintain the interest rate.

Generally, a currency depreciates on the grounds of negativity in the decline in its interest rate and is appreciated for its optimism about an increase in the interest rate.

3.Politics and government:

As in all currencies, political events can sometimes cause huge currency movements, as we have seen with the collapse of the British pound against the US dollar after the result of the UK referendum in favor of leaving the Union European, the "Brexit".

4.The economic data:

the points mentioned above may affect the long term, but there are smaller announcements based on the economic that affect the GBP / USD in shorter terms. It can be economic announcements like retail sales, inflation, or employment rates.

4.GBP / USD Economic Calendar:

Pound Sterling US Dollar Many short-term investors prefer to trade the US dollar daily with high-impact economic announcements to take advantage of the volatility that this news can create.

Also in the long term, traders can follow economic announcements that may have an impact on the GBP / USD currency, in order to identify trend changes due to good or bad news and economic data.

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