Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area


GBP/USD: gravitate downwards or keep up?

GBP/USD: gravitate downwards or keep up?

Information is not investment advice

Since July, the movement of GBP/USD has been contained between 1.27 and 1.34. At the beginning of September, the GBP reached a high of 1.34 against the USD while the stock market was seeing its new highest high, and things seemed pretty fine around. Later on, September saw the currency pair drop to the 200-MA at 1.27. In corrected upwards, getting back some of the gain as high as 1.30 but is not stable over there – and there is little surprise in it. Virus, Brexit, and all the related issues are pressing on the British pound.

Technically, higher lows suggest that the trend will be still aiming upwards in the mid-term. Alternatively, going below 1.29, crossing the 100-MA, 1.28, then the 200-MA at 1.27 would be sure signs that the uptrend is exhausted and bears are pressing to aim at 1.23. Is it possible? Yes, depending on the fundamentals.

Fundamentals come to how Brexit goes, of course, but much more than that – how the economic recovery goes in the UK against that of the US. And in the UK, things look pretty bad. The unemployment surged as high as ever, the restrictions are being reinforced, and the economy is slowing down the recovery. Brexit uncertainty is only on the top of that pile making things worse, but not being the “main evil” for the pound. In the meantime, the US recovery seems to be going faster although the recent spike in unemployment alarmed the market as well. In any case, the USD is enjoying relatively high demand while the GBP is hanging in the balance.

Therefore, go for the mid-term strategy: follow how Brexit evolves – that should be clear within a week or so – and watch the technical levels from the downside. If no deal or further dragging of the UK-EU talks loom on the horizon, GBP/USD will likely gravitate downwards. The technical levels lying below will let you know when and whether you should prepare for a below-1.27 bearish strike.


                                                                                                       LOG IN



British pound breakout soon?

Great Britain released retail sales data on May 20, 9:00 GMT+3. The reading outperformed expectations greatly (+1.4% actual vs. -0.3% forecast).

Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

Choose your payment system

Be on top of your game


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later