GBP/USD: UK’s retail sales sharply rebounded in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.18% against the USD and closed at 1.3193, on the back of better-than-expected UK retail sales data. Data showed that Britain’s retail sales rebounded more-than-expected by 0.3% on … Continue reading

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GBP/USD: UK’s ILO unemployment rate remained steady at a 4-decade low in the three months to September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.3169, after UK’s ILO unemployment rate remained steady at a 42-year low of 4.3% in the three months to September, meeting … Continue reading

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GBP/USD: UK’s annual inflation missed market expectations in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.37% against the USD and closed at 1.3162. Data indicated that British consumer price index (CPI) climbed less-than-expected by 3.0% on an annual basis in October, signalling that … Continue reading

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GBP/USD: Pound trading marginally lower, ahead of Britain’s crucial inflation data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.3114, weighed by profound concerns over whether the British Prime Minister, Theresa May still has the political clout to govern the … Continue reading

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GBP/USD: Britain’s manufacturing and industrial production climbed above expectations in September, construction output dipped in the same month

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.41% against the USD and closed at 1.3197 on Friday, after a string of upbeat economic reports from the UK pointed to healthy economic conditions in the nation. … Continue reading

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GBP/USD: UK and the European Union resumed Brexit negotiations in Brussels

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.22% against the USD and closed at 1.3143. Yesterday, the sixth round of Brexit negotiations begun in Brussels with little hopes of significant progress. In the Asian session, … Continue reading

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GBP/USD: Pound trading on a stronger footing this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.45% against the USD and closed at 1.3114, amid speculations that Britain’s International Development Secretary, Priti Patel, would be dismissed, sparked concerns over the future of the Prime … Continue reading

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GBP/USD: UK Halifax house prices advanced at their fastest rate since February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.3173. Data showed that the UK Halifax house price index rose 4.5% on a yearly basis in the August to October … Continue reading

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GBP/USD: Pound trading marginally higher this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.73% against the USD and closed at 1.3172. Overnight data revealed that UK BRC like-for-like sales declined 1.0% in October, led by weak sales of non-food items, from … Continue reading

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GBP/USD: UK’s services sector expanded at its fastest rate in six months in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.16% against the USD and closed at 1.3074 on Friday, following robust UK Markit services PMI data. Data showed that Britain’s services sector unexpectedly rose to 55.6 in … Continue reading

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GBP/USD: BoE raised its benchmark interest rate due to Brexit pressure, but signalled further rate hikes would be gradual

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.48% against the USD and closed at 1.3053, following a dovish statement by the Bank of England (BoE). The BoE’s Monetary Policy Committee (MPC) increased its key interest … Continue reading

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