GBP/USD: British Pound (GBP1=1.4137 USD) increases vs the US Dollar (USD) 25 February 2021

DAILY CURRENCY REPORT

The British Pound has increased 0.30 US cents (or 0.2%) from its last trading session of February 23, 2021 to close at $1.41.

Currency Dashboard : GBP/USD

Trading CountriesGBP: United Kingdom USD: United States Of America1-day change (%)0.2
25 Feb, Close1.4137YTD change ( % )3.4
Relative Strength (6 mo)90.6USDUS Dollars

+ The GBP is up 1.4% against the USD in the past week.

+ The exchange rate ranged between a low of 1.4052 on Monday, Feb 22 and a high of 1.4137 on Thursday, Feb 25.

DayBritish PoundClose (USD)Change %Comment
MondayIncreases 0.7% vs the US Dollar (USD)1.40520.7Top Rise
TuesdayRises for a second consecutive day, a two-day rise of 1.1% vs the US Dollar (USD)1.41070.4Rises for a second consecutive day
ThursdayIncreases vs the US Dollar (USD)1.41370.2Week-high of 1.4137

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SECTION 1 Business News Round up

1.1 Recent Business News Round up: CNBC

September 10 2020: Sterling notches 6-week lows as Brexit tensions rise

The British government is set to announce new details on its existence outside the European Union later on Wednesday, with a particular focus on the already agreed terms regarding Northern Irelands customs relationship with the bloc.

It will undoubtedly sour the eighth round of trade talks that commenced this week, and has raised the possibility of the U.K. leaving the EU without a free trade agreement in place when the Brexit transition period expires at the end of the year.

Sterling touched six-week lows against both the U.S. dollar and the euro on Wednesday morning after the U.K. revealed plans to renege on its Brexit withdrawal agreement with the EU.

September 07 2020: Dollar rises to four-week high as sterling, U.S. stocks fall

The safe-haven dollar climbed to a four-week peak on Tuesday, led by gains versus sterling on renewed worries about Brexit and as risk appetite waned with a sell-off on Wall Street.

Analysts said the U.S. currency gains are likely to be unsustainable. Sterling fell to a four-week low against the dollar and was last down more 1.2% at $1.2987.

1.2 Other Publishers

News DateHeadlinePublisher
Feb 25, 2021GBP/USD keeps the longest weekly rally in three years above 1.4100FXSTREET.COM
Feb 24, 2021GBP/USD recovers back to mid-1.4100s after choppy dayFXSTREET.COM
Feb 23, 2021Pound to US Dollar Exchange Rate Heads Higher as Summer Will be Incomparably Better According to PMIFUTURECURRENCYFORECAST
Feb 23, 2021GBP/USD to rise as Powell is set to pressure the dollarFXSTREET.COM
Feb 22, 2021GBP/USD now looks to 1.4100FXSTREET.COM
Feb 19, 2021Pound US Dollar Exchange Rates Hits Best Level Since April 2018 on UK Services PMI ImprovementFUTURECURRENCYFORECAST

SECTION 2 Today's Bullish Signals

2.1 Uptrend of GBP vs USD

Price/Moving Average Price of 1.08:

- The exchange rate to 200-day MAP ratio is 1.08, a bullish indicator. The GBP/USD is trading above both its MAPs and the 50-day MAP of $1.36 is higher than the 200-day MAP of $1.30, another bullish indicator.

Past Month:

- Rises to Falls: In the past month the number of rises outnumbered falls 17:5 or 3.4:1.

Relative Strength (6 months) 91 percentile:

- The GBP/USD has a 6-month relative strength of 91 in the market of 1,507 Currency Pairs means it is beating 91% of the market.

- A price rise combined with a high relative strength is a bullish signal.

SECTION 3 Ongoing Bullish Parameters

3.1 Rank in the top 20% in the Currency Pairs market

DescriptionValueRank
1-month Price Change %3.4In Top 9%
Price/MAP501.04In Top 14%
Price/MAP2001.08In Top 16%
1-week Price Change %1.4In Top 20%

3.2 Present Value of $1000 Invested in the Past [3 Mo, 3 Yrs]; The Best Periods with PV$1000 > 1,011

PV$1,0003 mo ago3 yrs ago
GBP/USD$1,059$1,012

3.3 The Best Periods [3 Mo, 1 Yr, 3 Yrs] with Change % > 1.1

Change %QuarterYear3 Years
GBP/USD5.98.91.2

SECTION 4 Today's Bearish Signals

4.1 Overbought/Bearish Signals:

- The Relative Strength Index (RSI) of 83.5 has penetrated the overbought line of 70, suggesting the exchange rate gain of 2.9% in the last 14 days is unusually high.

SECTION 5 Ongoing Bearish Parameters

5.1 Present Value of $1000 Invested in the Past Year; The Worst Period with PV$1000 < 919

PV$1,0001 yr ago
GBP/USDUSD918

SECTION 6 Currency Crossrates

Currency Crossrates Today's Snapshot for GBP

GBP1=1.9006NZDNew ZealandDecreases 1.2% vs the New Zealand Dollar (NZD)
GBP1=1.8664SGDSingaporeIncreases vs the Singapore dollar (SGD)
GBP1=150.2082JPYJapanIncreases 1.3% vs the Japanese Yen (JPY)
GBP1=1.4137USDUnited States Of AmericaIncreases vs the US Dollar (USD)
GBP1=1.7693CADCanadaDecreases vs the Canadian Dollar (CAD)
GBP1=1.2772CHFSwitzerlandIncreases 0.6% vs the Swiss Franc (CHF)
GBP1=10.9617HKDHong KongIncreases vs the Hong Kong dollar (HKD)
GBP1=1,572.8635KRWSouth KoreaIncreases vs the South-Korean Won (KRW)
GBP1=29.4239MXNMexicoIncreases 1.5% vs the Mexican Peso (MXN)
GBP1=1.7766AUDAustraliaDecreases vs the Australian Dollar (AUD)
GBP1=9.1268CNYChinaIncreases vs the Chinese Yuan Renminbi (CNY)
GBP1=11.6492SEKSwedenDecreases vs the Swedish Krona (SEK)
GBP1=1.1565EUREuropean UnionDecreases vs the Euro (EUR)
GBP1=11.8641NOKNorwayDecreases 0.8% vs the Norwegian Kroner (NOK)

SECTION 7 Period-Based % Change

% Change of GBP vs Currency Basket Period-Based

In the past year the Great Britain Pound rose 8.9% against the US Dollars; in the past three years the Great Britain Pound rose 1.2% against the US Dollars.

LastCountry1-day %1-week %1-Year %3-Yrs %
GBP1=1.414USDUnited States Of America0.21.48.91.2
GBP1=10.962HKDHong Kong0.21.48.40.3
GBP1=1.769CADCanada-0.4-0.32.7-
GBP1=1.866SGDSingapore0.20.72.81.2
GBP1=1.901NZDNew Zealand-1.2-1.9-7.5-0.7
GBP1=11.864NOKNorway-0.80.1-2.68.2
GBP1=1.277CHFSwitzerland0.62.00.6-2.3
GBP1=1.0GBPUnited Kingdom0.0---
GBP1=1,572.864KRWSouth Korea0.31.7-0.24.6
GBP1=11.649SEKSweden-0.40.2-8.02.1
GBP1=1.157EUREuropean Union-0.30.1-3.51.8
GBP1=1.777AUDAustralia-0.4-1.4-9.8-0.4
GBP1=150.208JPYJapan1.31.84.80.7
GBP1=29.424MXNMexico1.53.219.213.6
GBP1=9.127CNYChina-0.9-3.1

SECTION 8 Historical Perspective

Year-on-Year Comparison GBP/USD (Trailing year - ended 25 Feb)

In the past 5 years, the GBP/USD has jumped 0.7% from 1.4 to 1.41, an average compound annual appreciation of the GBP by 0.1%.

202120202019201820172016
Close1.411.31.311.41.251.4
% Change8.9-0.9-6.212.1-10.9-14.4
Range1.28 - 1.471.39 - 1.47

GBP1 buys USD 1.41 today: Appreciation of USD from 1.96 v/s GBP thirty years ago

Last5 Yrs ago10 Yrs ago15 Yrs ago20 Yrs ago25 Yrs ago30 Yrs ago
GBP/USD1.411.391.561.741.451.541.96

Present Value of $1000 Invested in GBP 30 years ago is $721

PV$1,0005 yrs ago10 yrs ago20 yrs ago30 yrs ago
GBP/USD$1,016$904$972$721

SECTION 9 Macroeconomic Indicators

INDICATORUNITED KINGDOM[GBP]UNITED STATES[USD]
GDP (Billion USD)2,82921,433
GDP growth yoy (%)-7.8-2.5
Interest rate (%)0.10.25
Inflation rate (%)0.61.4
Unemployment rate (%)5.06.3
Budget / (Deficit) to GDP ratio (%)(1.8)(4.6)
Current account / (Deficit) to GDP ratio (%)(3.8)(2.3)
Debt to GDP ratio (%)80.7107.6

SECTION 10 Credit Rating Summary

United States:

Rating AgencyLong TermForeign CurrencyDescription
MOODYAaa
S&PAA+Very strong capacity to meet financial commitments. The plus (+) sign shows relative standing within the major rating category.
FITCHAAA Highest credit quality: 'AAA' ratings denote the lowest expectation of default risk. This capacity is highly unlikely to be adversely affected by foreseeable events.
DAGONGA-High Credit Quality: "A" ratings denote expectations of relatively low default risk. The capacity for payment of financial commitments is considered sufficient. However, this capacity may be more vulnerable than those of the higher ratings to adverse business or economic conditions due to any foreseeable event. The minus (-) sign shows relative standing within the major rating category.

United Kingdom:

Rating AgencyLong TermForeign CurrencyDescription
Moody'sAA1
S&PAAVery strong capacity to meet financial commitments.
FITCHAA+Very high credit quality: 'AA' ratings denote expectations of very low default risk. The plus (+) sign shows relative standing within the major rating category.
DAGONGA+High Credit Quality: "A" ratings denote expectations of relatively low default risk. The capacity for payment of financial commitments is considered sufficient. However, this capacity may be more vulnerable than those of the higher ratings to adverse business or economic conditions due to any foreseeable event. The plus (+) sign shows relative standing within the major rating category.

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