GBP/USD: UK’s ILO unemployment rate remained steady at a 44-year low rate in the three-month ended December 2018

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.06% against the USD and closed at 1.3062, amid hopes that a meeting between UK Prime Minister Theresa May and European Commission President Jean-Claude Juncker would resolve the … 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 0.08% against the USD and closed at 1.2925, ahead of the outcome of Brexit talks. In the Asian session, at GMT0400, the pair is trading at 1.2901, with … Continue reading

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GBP/USD: UK’s retail sales advanced higher-than-anticipated in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.70% against the USD and closed at 1.2887 on Friday. On the data front, UK’s retail sales climbed 4.2% on an annual basis in January, buoyed by robust … Continue reading

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GBP/USD: UK’s consumer price inflation slowed to a two-year low level in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.2850, after UK’s consumer price inflation (CPI) slowed to a two-year low level of 1.8% on a yearly basis in January, … Continue reading

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GBP/USD: UK’s consumer price inflation slowed to a two-year low level in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.2850, after UK’s consumer price inflation (CPI) slowed to a two-year low level of 1.8% on a yearly basis in January, … Continue reading

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GBP/USD: British Pound trading higher in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.2894. The Bank of England Governor, Mark Carney warned that a no-deal Brexit would create an “economic shock”. Hence, he urged … Continue reading

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GBP/USD: UK’s economic growth slowed to a six-year low level in 4Q 2018

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.57% against the USD and closed at 1.2858 amid a slew of disappointing economic data. On the macro front, UK’s preliminary gross domestic product (GDP) growth slowed to … Continue reading

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GBP/USD: British Pound trading lower, ahead of crucial economic data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.12% against the USD and closed at 1.2935 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.2929, with the GBP trading 0.05% lower … Continue reading

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GBP/USD: The BoE left its interest rate unchanged at 0.75%

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.15% against the USD and closed at 1.2950. On the macro front, UK’s Halifax house price index advanced 0.8% on a yearly basis in the three months ended … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.19% against the USD and closed at 1.2931. In the Asian session, at GMT0400, the pair is trading at 1.2929, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: UK’s services PMI sharply declined to a 2.5-year low level in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.63% against the USD and closed at 1.2956. Data indicated that UK’s services PMI sharply dropped to a 2.5-year low level of 50.1 in January, amid increased worries … Continue reading

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