GBP/USD: UK’s retail sales surprisingly advanced in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.82% against the USD and closed at 1.2535. On the data front, UK’s retail sales unexpectedly rose 1.0% on a monthly basis in June, defying market expectations for … Continue reading

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GBP/USD: UK’s consumer price inflation advanced as estimated in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.19% against the USD and closed at 1.2433. Data showed that UK’s consumer price index (CPI) advanced 2.0% on an annual basis in June, in line with market … Continue reading

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GBP/USD: UK’s ILO unemployment rate remained steady at a 44-year low rate in the three months ended May 2019 period

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.88% against the USD and closed at 1.2409, amid growing concerns of a no-deal Brexit. On the data front, UK’s ILO unemployment rate remained unchanged at a 44-year … Continue reading

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GBP/USD: Sterling trading slightly lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.36% against the USD and closed at 1.2519. In the Asian session, at GMT0300, the pair is trading at 1.2516, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: UK’s Rightmove house price index eased for the first time in 7-months in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.36% against the USD and closed at 1.2573 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.2568, with the GBP trading slightly lower … Continue reading

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GBP/USD: Sterling extends its gains in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.15% against the USD and closed at 1.2528. The Bank of England (BoE), in its semi-annual Financial Stability Report (FSR), warned that the increasing likelihood of a no-deal … Continue reading

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GBP/USD: UK GDP rises as expected in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.39% against the USD and closed at 1.2509, following an improvement in UK’s economic growth. In the UK, gross domestic product (GDP) rose 0.3% on a monthly basis … 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 0.46% against the USD and closed at 1.2461. In the Asian session, at GMT0300, the pair is trading at 1.2454, with the GBP trading 0.06% lower against the … Continue reading

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GBP/USD: UK’s BRC sales like-for-like decline more-than-expected in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.06% against the USD and closed at 1.2518. Data indicated that UK’s BRC sales like-for-like dropped 1.6% on an annual basis in June, more than market consensus for … Continue reading

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GBP/USD: UK’s Halifax house price index eased in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.46% against the USD and closed at 1.2524 on Friday. Data indicated that UK’s Halifax house price index fell 0.3% on a monthly basis in June. The index … Continue reading

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GBP/USD: Sterling trading a tad lower in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.2582. In the Asian session, at GMT0300, the pair is trading at 1.2581, with the GBP trading marginally lower against the … Continue reading

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