GBP/USD: UK’s Markit manufacturing PMI advanced in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.18% against the USD and closed at 1.2223, amid speculation that the Bank of England (BoE) might cut interest rates below zero to support the economy. On the … Continue reading

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GBP/USD: UK’s consumer price inflation slowed in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.06% against the USD and closed at 1.2239. On the data front, UK’s consumer price inflation slowed to 0.8% on a yearly basis in April, reaching its lowest … Continue reading

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GBP/USD: UK’s ILO unemployment rate unexpectedly declined in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.97% against the USD and closed at 1.2250. On the data front, UK’s ILO unemployment rate unexpectedly dropped to 3.9% in three months ended March, compared to 4.0% … 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 6.38% against the USD and closed at 1.2197. In the Asian session, at GMT0300, the pair is trading at 1.2190, with the GBP trading 0.06% lower against the … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.98% against the USD and closed at 1.2119 on Friday, after the British government reiterated its disagreement to extend the Brexit transition period this December and refused to … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.13% against the USD and closed at 1.2229, amid growing concerns over coronavirus-led economic fallout and uncertainties related to the Brexit deal. In the Asian session, at GMT0300, … Continue reading

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GBP/USD: UK’s economy shrank at a record pace in the first quarter

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.10% against the USD and closed at 1.2233, after UK’s economy contracted at its fastest pace since the 2008 financial crisis in the first quarter of 2020. On … Continue reading

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GBP/USD: UK’s BRC like-for-like retail sales unexpectedly rose in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.86% against the USD and closed at 1.2264. On the data front, UK’s BRC like-for-like retail sales unexpectedly rose 5.7% on a yearly basis in April, defying market … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.31% against the USD and closed at 1.2336, amid lack of clarity over British Prime Minister, Boris Johnson’s plan to ease the nationwide lockdown. In the Asian session, … Continue reading

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GBP/USD: UK’s Halifax house prices dropped in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 4.78% against the USD and closed at 1.2405 on Friday. On the data front, UK’s Halifax house prices dropped 0.6% on a monthly basis in April, as activities … Continue reading

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GBP/USD: UK’s Markit construction PMI shrinks most since 1997 in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.36% against the USD and closed at 1.2330. On the data front, UK’s Markit construction PMI plunged to 8.2 in April, marking its lowest level since the data … Continue reading

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