British Pound / US Dollar
Sterling against the US dollar, known as cable.
Price · last 3 months
Live · ECBMarket trend
Bullish
British Pound / US Dollar is moderately bullish on this timeframe.
Confidence measures how much the indicators agree with each other. It is not a probability that a trade will be profitable.
Signals behind this
- Price vs long-term averagebullish
- EMA 20 vs EMA 50neutral
- MACD momentumbullish
- RSI (14)bullish
- Bollinger positionbullish
- Market structurebullish
Key levels
- 1.35230+0.57%
- 1.31600-2.13%
6.7%annualised · normal
Volatility is around its normal level for this market — no particular warning signal from the range itself.
How this developed
Major moves, trend changes, level breaks and news for this window, newest first.
Dollar slips as eurozone PMIs beat expectations
NewsComposite PMI for the bloc came in above consensus, with the services component driving the beat and manufacturing stabilising just under the expansion line. The euro rallied through the session high on the release.
6h ago
Bank of England splits three ways on the policy path
NewsThe rate decision passed with an unusually fragmented vote, including one dissent for a cut and one for a hold with hawkish guidance. Sterling round-tripped the move within the hour.
14h ago
Medium-term trend turned bullish
Trend changeThe 20-period average crossed above the 50-period average — the same signal behind this page's trend verdict.
21h ago
Jumped 0.37% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.3× its typical daily range (0.28%).
2d ago
Jumped 0.75% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 2.7× its typical daily range (0.28%).
6d ago
Dropped 0.44% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.5× its typical daily range (0.30%).
15d ago
Dropped 0.55% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.9× its typical daily range (0.29%).
19d ago
Jumped 0.80% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 2.9× its typical daily range (0.28%).
20d ago
Jumped 0.36% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.4× its typical daily range (0.26%).
27d ago
Jumped 0.31% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.2× its typical daily range (0.25%).
29d ago
Jumped 0.37% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.4× its typical daily range (0.27%).
Jul 3
Jumped 0.50% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.9× its typical daily range (0.26%).
Jul 2
Jumped 0.44% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.6× its typical daily range (0.28%).
Jun 26
Dropped 0.42% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.5× its typical daily range (0.28%).
Jun 24
Dropped 1.32% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 4.4× its typical daily range (0.30%).
Jun 18
Dropped 0.77% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 2.9× its typical daily range (0.27%).
Jun 8
Jumped 0.60% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 2.1× its typical daily range (0.29%).
May 25
Dropped 1.13% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 3.3× its typical daily range (0.34%).
May 15
Dropped 0.59% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.9× its typical daily range (0.31%).
May 12
Jumped 0.62% in one bar
Price moveA genuinely large move for this market, not just a large-looking percentage — it moved 1.7× its typical daily range (0.35%).
May 6
Showing the 20 most recent of 25 events in this window.
Summary
Technical indicators
Computed from 90 bars over the last 3 months.
1.33795 / 1.33791
The 20-period average sits above the 50-period average, which is the classic shape of an uptrend. Price above both means buyers have controlled the recent range.
57.5
At 57 momentum is in the normal band — neither stretched nor exhausted, so RSI is not arguing for a reversal in either direction.
0.00146
MACD is above its signal line, so short-term momentum is running ahead of the medium-term trend. Momentum is currently working for buyers.
Not published
The data source for British Pound / US Dollar publishes prices but not traded volume, so there is no participation figure to read. That is a gap in the data, not a quiet market — treat any conclusion that would depend on volume as unsupported here.
0.00366 (0.27%)
The market has been moving about 0.00366 per bar, or 0.27% of price. This is the number position sizing and stop placement should be built around — a stop tighter than this will be hit by ordinary noise.
Two ways this could go
Both paths are shown with equal weight. Neither is a prediction.
Potential bullish scenario
- Trigger
- A daily close above 1.35230 on above-average volume
- If it fires
- 1.37935 as the next area where sellers have previously stepped in
- Invalidation
- A move back below 1.31600 would void this idea
If buyers can absorb the supply sitting at 1.35230 and hold above it into a close, the path of least resistance opens toward 1.37935. The broader trend already supports this, so it would be continuation rather than a reversal. Given the market is moving roughly 0.00366 per bar, allow at least that much room before treating a wick through the level as a real breakout.
Potential bearish scenario
- Trigger
- Losing 1.31600 and failing to reclaim it
- If it fires
- 1.28968, the next level where buyers previously defended
- Invalidation
- Reclaiming 1.35230 would void this idea
If 1.31600 gives way and the market cannot recover it quickly, the next obvious area of interest is 1.28968. This runs against the prevailing trend, so it would most likely need a catalyst rather than developing on its own. With volatility contained, expect the move to develop over several bars rather than in one impulse.
Trading risks
- This analysis reads price history. It cannot anticipate news, and markets reprice on news faster than any indicator updates.
- Central bank speakers can reprice the whole curve in seconds, and FX gaps over weekends.
- Leverage is typically highest in FX, so ordinary moves produce outsized account impact.
Key events to watch
- Central bank rate decisions and the accompanying statement language
- Monthly inflation (CPI) and employment releases for both currencies in the pair
- Scheduled speeches from voting policy committee members
What actually drives British Pound / US Dollar: Bank of England policy, UK inflation prints, risk sentiment.
Latest market news
Dollar slips as eurozone PMIs beat expectations
30-second summary
Composite PMI for the bloc came in above consensus, with the services component driving the beat and manufacturing stabilising just under the expansion line. The euro rallied through the session high on the release.
Bank of England splits three ways on the policy path
30-second summary
The rate decision passed with an unusually fragmented vote, including one dissent for a cut and one for a hold with hawkish guidance. Sterling round-tripped the move within the hour.
This analysis is educational and should not be considered financial advice. It is generated from historical price data and can be wrong. Markets reprice on news faster than any indicator updates. Never risk money you cannot afford to lose.
Generated Aug 4, 09:15 PM · European Central Bank reference rates, published once per business day.