GBP/USD is sitting at 1.3211, and the level directly below — 1.3200 — has become the most important round number in the majors right now. Why 1.32 matters so much Three reasons. First, it’s been tested repeatedly: 1.3210–1.3211 marked the lows in both late September and early October, and each test has held — so […]
Remember when sterling was the market’s favorite currency? That was three weeks ago. GBP/USD has collapsed from 1.3552 at the start of September to 1.3229, erasing the entire August rally and then some. The speed of the reversal is a textbook lesson in why relative-value stories are only as good as the regime they live […]
The correction is over. The question now is whether something worse is starting. EUR/USD closed Tuesday at 1.1480, decisively below 1.15 for the first time since early August. GBP/USD fell to 1.3389, down from 1.3501 just days ago. USD/JPY rebounded to 157.05, completing its round trip from the Monday panic low of 152.90. The dollar […]
Somewhat lost in all the yen drama, the British pound has been quietly having an excellent summer. GBP/USD touched 1.3675 on Wednesday, its highest level of 2026, before settling back around 1.3550. From the late-June low of 1.3143, that’s a rally of more than 4% in under two months. For a major currency pair, that’s […]
Sterling is on one of its trademark summer tears. GBP/USD closed the week at 1.3654, up from 1.3551, and touched 1.3675 on Wednesday — the highest level of 2026 and within sight of levels last seen in early 2025. From the late-June low of 1.3143, the pound has rallied 4% against a broadly firm dollar, […]