GBP/USD: British Pound reverses its gains in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.59% against the USD and closed at 1.2500, afters the Supreme Court heard a case over whether British Prime Minister, Boris Johnson’s decision to suspend Parliament, ahead of … Continue reading

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GBP/USD: Pound extends its losses in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.43% against the USD and closed at 1.2427, after Luxembourg Prime Minister, Xavier Bettel, stated that he would only delay the Brexit deadline if it serves a purpose. … Continue reading

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GBP/USD: UK’s Rightmove house price index declined in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.30% against the USD and closed at 1.2492 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.2475, with the GBP trading 0.14% lower … Continue reading

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GBP/USD: Sterling trading a tad higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.2332. In the Asian session, at GMT0300, the pair is trading at 1.2334, with the GBP trading marginally higher against the … Continue reading

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GBP/USD: UK’s RICS house price balance rose in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.21% against the USD and closed at 1.2328. In the Asian session, at GMT0300, the pair is trading at 1.2329, with the GBP trading marginally higher against the … Continue reading

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GBP/USD: UK’s ILO unemployment rate unexpectedly fell to its lowest level since 1974 in three months ended July 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.06% against the USD and closed at 1.2354. On the data front, UK’s ILO unemployment rate unexpectedly eased to 3.8% in the May-July 2019 period, declining to its … Continue reading

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GBP/USD: UK’s gross domestic product expanded in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.51% against the USD and closed at 1.2347, as fears of recession eased following positive GDP data. In economic news, UK’s gross domestic product (GDP) advanced 0.3% on … Continue reading

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GBP/USD: Sterling extends its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.28% against the USD and closed at 1.2294 on Friday. Data showed that the Halifax house price index rose 0.3% on a monthly basis in August, more than … Continue reading

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GBP/USD: British Pound trading slightly higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.64% against the USD and closed at 1.2328, after UK lawmakers voted to block a no-deal Brexit. In the Asian session, at GMT0300, the pair is trading at … Continue reading

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GBP/USD: UK’s services sector activity eased in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.34% against the USD and closed at 1.2250. On the macro front, UK’s services PMI fell to a level of 50.6 in August, compared to a reading of … Continue reading

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GBP/USD: UK’s construction PMI unexpectedly fell to a decade low level in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.19% against the USD and closed at 1.2088. Data showed that UK’s construction PMI unexpectedly eased to a level of 45.0 in August, marking its sharpest decline since … Continue reading

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