GBP/USD: British retail sales grew better-than-expected in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.16% against the USD and closed at 1.2874. Macroeconomic data revealed that Britain’s retail sales advanced above market expectations by 0.3% on a monthly basis in July, driven … Continue reading

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GBP/USD: Britain’s ILO unemployment rate surprisingly declined in the three months to June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.21% against the USD and closed at 1.2894, following upbeat jobs report from the UK. Data showed that Britain’s ILO unemployment rate unexpectedly dropped to 4.4% in the … Continue reading

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GBP/USD: Britain’s annual inflation came in softer-than-expected in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.73% against the USD and closed at 1.2867, following weaker-than-expected UK inflation data. Britain’s consumer price index (CPI) climbed 2.6% on an annual basis in July, compared to … Continue reading

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GBP/USD: Pound trading marginally higher, ahead of UK’s inflation data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.41% against the USD and closed at 1.2961. In the Asian session, at GMT0300, the pair is trading at 1.2965, with the GBP trading slightly higher against the … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.3014 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.3016, with the GBP trading marginally higher … Continue reading

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GBP/USD: Britain’s total trade deficit unexpectedly widened to a 9-month high in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.26% against the USD and closed at 1.2976, following disappointing economic data in the UK. Data indicated that Britain’s total trade deficit surprisingly widened to a nine-month high … Continue reading

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GBP/USD: UK’s RICS house prices rose at its slowest rate in over 4 years in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.12% against the USD and closed at 1.3010. In the Asian session, at GMT0300, the pair is trading at 1.3, with the GBP trading 0.08% lower against the … Continue reading

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GBP/USD: Pound trading marginally lower in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.31% against the USD and closed at 1.2994. In the Asian session, at GMT0300, the pair is trading at 1.2987, with the GBP trading a tad lower against … Continue reading

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GBP/USD: Britain’s Halifax house prices sharply rebounded in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.11% against the USD and closed at 1.3034. On the data front, UK’s seasonally adjusted Halifax house price index rebounded more-than-expected by 0.4% on a monthly basis in … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.72% against the USD and closed at 1.3047 on Friday. The US gained ground against the Pound following better than expected US jobs data for July. In the … Continue reading

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GBP/USD: BoE opted to leave benchmark interest rate steady, lowered UK’s growth forecast

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.6% against the USD and closed at 1.3142, after the Bank of England (BoE) downgraded UK’s economic growth forecast. The BoE monetary policy committee voted 6-2 to keep … Continue reading

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