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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.12% against the USD and closed at 1.2678, after MPs rejected a motion to block no-deal Brexit. In the Asian session, at GMT0300, the pair is trading at … Continue reading

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GBP/USD: UK’s RICS house price balance climbed in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.24% against the USD and closed at 1.2693. In the Asian session, at GMT0300, the pair is trading at 1.2690, with the GBP trading slightly lower against the … Continue reading

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GBP/USD: UK’s ILO unemployment rate remained unchanged at a 45-year low rate in February-April 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.27% against the USD and closed at 1.2723. On the data front, UK’s ILO unemployment rate remained unchanged at a 45-year low rate of 3.8% in the February-April … Continue reading

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GBP/USD: Britain’s economic growth contracted in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.22% against the USD and closed at 1.2689, after dismal economic data. On the data front, the nation’s total trade deficit narrowed to £2.74 billion in April, following … Continue reading

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GBP/USD: UK’s Halifax house price index climbed at its quickest pace in 2-years in the three months ended May 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.30% against the USD and closed at 1.2735 on Friday. In economic news, UK’s Halifax house price index advanced 5.2% on a yearly basis in the March-May 2019 … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.05% against the USD and closed at 1.2697. Separately, the Bank of England Governor, Mark Carney, in his speech stated that gradual and limited rise in interest rates … Continue reading

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GBP/USD: Britain’s services PMI advanced to 3-month high level in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.07% against the USD and closed at 1.2691. On the data front, Britain’s services PMI advanced to a level of 51.0 in May, expanding a at a three-month … Continue reading

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GBP/USD: UK’s construction PMI unexpectedly fell to a 2-year low level in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.27% against the USD and closed at 1.2700. On the data front, UK’s construction PMI unexpectedly contracted to a level of 48.6 in May, declining to its lowest … Continue reading

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GBP/USD: UK’s manufacturing sector activity contracted to its lowest level since July 2016 in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.13% against the USD and closed at 1.2666. Data indicated that UK’s manufacturing PMI contracted to a level of 49.4 in May, declining to its lowest level since … Continue reading

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GBP/USD: UK’s net consumer credit advanced at its slowest pace since 2014 in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.25% against the USD and closed at 1.2641 on Friday. On the data front, UK’s seasonally adjusted Nationwide house prices index unexpectedly declined 0.2% on a monthly basis … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.15% against the USD and closed at 1.2610, amid ongoing Brexit uncertainties. In the Asian session, at GMT0300, the pair is trading at 1.2612, with the GBP trading … Continue reading

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