GBP/USD: Sterling trading on a stronger footing in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.11% against the USD and closed at 1.2763. In the Asian session, at GMT0300, the pair is trading at 1.2771, with the GBP trading 0.06% higher against the … Continue reading

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GBP/USD: Britain’s 2Q GDP growth doubled in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.42% against the USD and closed at 1.2769 on Friday. On the data front, Britain’s preliminary gross domestic product (GDP) climbed 0.4% on a quarterly basis in 2Q … Continue reading

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GBP/USD: Sterling trading on stronger footing in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.47% against the USD and closed at 1.2823. In the Asian session, at GMT0300, the pair is trading at 1.2830, with the GBP trading 0.05% higher against the … Continue reading

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GBP/USD: Sterling trading slightly higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.46% against the USD and closed at 1.2883, amid lingering fears over no-deal Brexit. In the Asian session, at GMT0300, the pair is trading at 1.2885, with the … Continue reading

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GBP/USD: UK’s Halifax house prices advanced by the most since November 2017 in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined slightly against the USD and closed at 1.2943. Data revealed that UK’s Halifax house price index advanced 3.3% on a yearly basis in the three months ended May-July … Continue reading

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GBP/USD: Pound trading a tad lower in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.43% against the USD and closed at 1.2945. In the Asian session, at GMT0300, the pair is trading at 1.2943, with the GBP trading slightly lower against the … Continue reading

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GBP/USD: BoE Governor Mark Carney warns over the possibility of no-deal Brexit

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.10% against the USD and closed at 1.3005 on Friday, after BoE Governor Mark Carney signalled the likely prospects of the UK leaving the EU without a deal. … Continue reading

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GBP/USD: BoE raised its interest rates to 0.75%

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.84% against the USD and closed at 1.3018, despite the Bank of England’s (BoE) rate hike decision. Data indicated that, UK’s construction PMI unexpectedly rose to a level … Continue reading

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GBP/USD: UK’s manufacturing PMI falls to a three-month low in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.3128. Data showed that, UK’s Markit manufacturing PMI eased to a level of 54.0 in July, hitting its lowest level in … Continue reading

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GBP/USD: Sterling trading on a weaker footing in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.14% against the USD and closed at 1.3118. In the Asian session, at GMT0300, the pair is trading at 1.3112, with the GBP trading 0.05% lower against the … Continue reading

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GBP/USD: Britain’s consumer borrowing advanced in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.23% against the USD and closed at 1.3136. On the macro front, UK’s net consumer credit climbed £1.6 billion in June, compared to a revised similar rise in … Continue reading

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