GBP/USD UK’s Halifax house price index dropped to a 6-year low level in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.27% against the USD and closed at 1.2749 on Friday. On the data front, UK’s Halifax house price index unexpectedly slid to a six-year low level of 1.4% … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.36% against the USD and closed at 1.2783. In the Asian session, at GMT0400, the pair is trading at 1.2769, with the GBP trading 0.11% lower against the … Continue reading

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GBP/USD: UK’s services PMI surprisingly dipped to its lowest level in 28-months in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.17% against the USD and closed at 1.2737, amid rising hopes for averting Brexit. Macroeconomic data indicated that UK’s services PMI unexpectedly fell to its lowest level in … Continue reading

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GBP/USD: UK’s construction PMI surprisingly rose to its highest level in 4-months in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.08% against the USD and closed at 1.2716. On macro front, UK’s construction PMI unexpectedly climbed to a 4-month high level of 53.4 in November, cofounding market consensus … Continue reading

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GBP/USD: UK’s manufacturing sector expands beyond expectations in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.2726, amid continuing Brexit concerns. Data indicated that UK’s manufacturing PMI advanced to a level of 53.1 in November, notching its … Continue reading

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GBP/USD: UK’s Nationwide house price index rose more-than-estimated in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.31% against the USD and closed at 1.2744 on Friday. In economic news, UK’s seasonally adjusted house price index advanced 0.3% on a monthly basis in November, beating … Continue reading

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GBP/USD: UK’s mortgage approvals surprisingly rose to a 9-month high level in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.2784. On the macro front, UK’s net consumer credit climbed to £0.9 billion in October, rising at its slowest pace since … Continue reading

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GBP/USD: Sterling trading higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.67% against the USD and closed at 1.2827. In the Asian session, at GMT0400, the pair is trading at 1.2834, with the GBP trading 0.05% higher against the … Continue reading

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GBP/USD: UK Prime Minister Theresa May warns on risks of a No-deal Brexit

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.54% against the USD and closed at 1.2741. In economic news, UK’s CBI distributive trade survey’s retail sales balance climbed to 19.00 in November, higher than market consensus … Continue reading

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GBP/USD: Britain’s BBA mortgage approvals advanced in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.05% against the USD and closed at 1.2810. Macroeconomic data showed that UK’s BBA mortgage approvals climbed to a level of 39.7K in October, hitting its highest level … Continue reading

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GBP/USD: British Pound trading slightly higher this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.49% against the USD and closed at 1.2813 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.2815, with the GBP trading a tad … Continue reading

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