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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.24% against the USD and closed at 1.2783 on Friday, amid ongoing political uncertainty. In the Asian session, at GMT0400, the pair is trading at 1.2790, with the … Continue reading

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GBP/USD: BoE leaves interest rate unchanged at 0.75%

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.33% against the USD and closed at 1.2814, after two Bank of England policymakers voted in favour of interest rate cuts. The BoE, in its latest monetary policy … Continue reading

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GBP/USD: Britain’s economy would grow by 1.2% in 2019: IMF

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.21% against the USD and closed at 1.2857, ahead of the Bank of England’s (BoE) interest rate decision on Thursday . Separately, the IMF forecasted that Britain’s economy … Continue reading

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GBP/USD: UK’s services PMI expanded in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.2884. Data showed that UK’s services PMI expanded to a level of 50.0 in October, more than market expectations for a … Continue reading

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GBP/USD: UK’s construction PMI contracted for the sixth straight month in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.43% against the USD and closed at 1.2885. Data showed that UK’s construction PMI contracted for the sixth consecutive month to a level of 44.2 in October, following … Continue reading

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GBP/USD: UK’s manufacturing PMI rose in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.05% against the USD and closed at 1.2941 on Friday. In economic news, UK’s manufacturing PMI unexpectedly advanced to a level of 49.6 in October, defying market expectations … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.23% against the USD and closed at 1.2934. In the Asian session, at GMT0400, the pair is trading at 1.2959, with the GBP trading 0.19% higher against the … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.31% against the USD and closed at 1.2904, as British lawmakers approved a legislation to hold a snap election in December. In the Asian session, at GMT0400, the … Continue reading

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GBP/USD: UK’s net consumer credit dropped to a 5-year low level in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.05% against the USD and closed at 1.2864. In economic news, UK’s net consumer credit growth slowed to a 5-year low level of £0.83 billion in September, more … Continue reading

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GBP/USD: European Union extends Brexit deadline

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.33% against the USD and closed at 1.2857, after the European Union (EU) leaders agreed to extend Brexit deadline until 31 January 2020. In the Asian session, at … Continue reading

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GBP/USD: British Pound extends its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.10% against the USD and closed at 1.2825 on Friday, amid uncertainty related to the Brexit deadline extension. In the Asian session, at GMT0400, the pair is trading … Continue reading

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