GBP: Advance Against USD Set to Continue

Chart: GBP/USD Daily Timeframe (June 8 – September 8, 2017)

Chart by IG

Against other major currencies such as the Euro and the Japanese Yen, a period of relative stability for the Pound is likely. Both have benefited from the “risk off” tone in the markets caused by a combination of North Korea’s missile tests, Hurricane Irma and the Mexican earthquake, so the Pound could struggle to make further gains against them.

Chart: EUR/GBP Daily Timeframe (April 26 – September 8, 2017)

Chart by IG

— Written by Martin Essex, Analyst and Editor

To contact Martin, email him at

Follow Martin on Twitter @MartinSEssex

For help to trade profitably,check out the IG Client Sentiment data

And you can learn more by listening to our regular trading webinars;here’s a list of what’s coming up

Like to know about the Traits of Successful Traders? Just click here

Or New to Forex? That guide is here

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.