Gbpusd confirm buy 💯✅👍

The GBP/USD (British Pound/U.S. Dollar) is the abbreviation for the British pound and U.S. dollar currency pair. Also called “the cable”, this cross belongs to the group of Majors. The GBP/USD tends to have a negative correlation with the USD/CHF and a positive correlation to the EUR/USD currency pairs. The Sterling is one of the four most liquid currencies in Forex and one of the reasons is the highly developed capital market. While 60% of the volume of foreign exchange are made via London, the GBP is not the most traded currency but is quite popular due to the good reputation of the UK monetary policy and a high interest rate.

The GBP/USD reached an all time high of 2.4546 in November 1980 and a record low of 1.0339 in September 2022.

Setting out to analyze the GBP/USD price outlook for 2024, there are plenty of unknowns and looming uncertainties that make it difficult to convincingly predict the course of the Pound Sterling against the US Dollar (USD) in the year ahead.

On both sides of the Atlantic, increased odds of a recession, a dovish pivot in the monetary policies and general elections are foreseen as the key factors driving the GBP/USD price action next year, barring any unprecedented geopolitical risks.

Read the GBP/USD Forecast 2024 by Dhwani Mehta.
GBP/USD is among the most liquid currency pairs to trade in FX, which can suit traders on shorter time horizons. High liquidity means that spreads are tight, while transaction costs are minimal. Many trading strategists believe it is important to stick to highly liquid currencies—such as pound to dollar--to grasp an understanding of forex trading. It can be easier to learn forex trading with highly liquid currencies before moving to illiquid currency pairs—often targeted by very experienced traders.