Open Account

GBPUSD

Pound / Dollar Trading

Pound / Dollar Trading GBPUSD

Trade GBP/USD with ZitaPlus and take advantage of competitive spreads, strong liquidity, and real-time market insights to capture opportunities in this major forex pair.

Start trading GBPUSD with ZitaPlus and benefit from market volatility and fast execution today!

Euro Price - GBPUSD Chart

GBP/USD Daily Overview

The GBP/USD pair, aka the Cable, represents the exchange rate between the British pound and the U.S. dollar. It is affected by interest rate decisions from the Bank of England (BoE) and the Federal Reserve (Fed), as well as inflation, economic growth, political developments like Brexit updates, and U.S.–UK trade relations. The pair is known for its volatility and offers many trading opportunities, especially during major economic releases.

GBP/USD Technical Signals

Stay ahead with our daily market insights on GBP/USD. Our technical outlook includes:

  • Moving Averages and Crossover Signals
  • Momentum indicators like RSI and MACD
  • Fibonacci retracement levels
  • Trendline breakouts and candlestick patterns

GBP/USD Support and Resistance Levels Today

Use the table below to view today's key trading levels for GBP/USD, which are vital for managing positions and setting effective trade triggers:

S1: S1(GBPUSD)R1: R1(GBPUSD)
S2: S2(GBPUSD)R2: R2(GBPUSD)
S3: S3(GBPUSD)R3: R3(GBPUSD)

Learn More About GBP/USD Trading

What are the main drivers of GBP/USD?

The pair is sensitive to BoE and Fed interest rate decisions, inflation data, employment figures, GDP growth, and political headlines from both the UK and the U.S.

Why is GBP/USD called 'Cable'?

The nickname comes from the transatlantic telegraph cable that once connected the UK and the U.S. to transmit exchange rates in the 19th century.

Is GBP/USD good for day trading?

Yes. GBP/USD offers frequent price swings, ideal for short-term traders using both fundamental and technical strategies.

When is GBP/USD most active?

The pair sees the most movement during the London and New York session overlap, between 13:00–17:00 GMT.

Does ZitaPlus offer leverage on GBP/USD?

Yes. You can trade GBP/USD with customizable leverage options. Be sure to apply proper risk management.