GBP/USD: UK’s manufacturing PMI falls to a three-month low in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.3128. Data showed that, UK’s Markit manufacturing PMI eased to a level of 54.0 in July, hitting its lowest level in … Continue reading

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GBP/USD: Sterling trading on a weaker footing in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.14% against the USD and closed at 1.3118. In the Asian session, at GMT0300, the pair is trading at 1.3112, with the GBP trading 0.05% lower against the … Continue reading

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GBP/USD: Britain’s consumer borrowing advanced in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.23% against the USD and closed at 1.3136. On the macro front, UK’s net consumer credit climbed £1.6 billion in June, compared to a revised similar rise in … Continue reading

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GBP/USD: Pound trading lower in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.3110 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.3100, with the GBP trading 0.08% lower … Continue reading

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GBP/USD: Sterling trading a tad higher in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.67% against the USD and closed at 1.3106. In the Asian session, at GMT0300, the pair is trading at 1.3108, with the GBP trading slightly higher against the … Continue reading

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GBP/USD: UK’s BBA mortgage approvals unexpectedly climbed in June, reaching its level since September 2017

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.36% against the USD and closed at 1.3194. On the data front, Britain’s BBA mortgage approvals surprisingly advanced to a 9-month high level of 40.5K in June, defying … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.34% against the USD and closed at 1.3147. Data indicated that, Britain’s CBI industrial trends total orders eased to a level of 11.0 in July, compared to a … Continue reading

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GBP/USD: Sterling trading flat in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.36% against the USD and closed at 1.3102. In the Asian session, at GMT0300, the pair is trading at 1.3102, with the GBP trading flat against the USD … 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 0.91% against the USD and closed at 1.3135 on Friday. In the economic news, UK’s public sector net borrowing fell to £4.5 billion in June, following a revised … Continue reading

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GBP/USD: Britain’s retail sales unexpectedly declined in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.45% against the USD and closed at 1.3016, amid disappointing retail sales data. Data revealed that UK’s retail sales unexpectedly fell 0.5% on a monthly basis in June, … Continue reading

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GBP/USD: Weak inflation data, dull prospects for August rate hike

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.24% against the USD and closed at 1.3075 amid weak inflation figures. In the economic news, UK’s consumer price index climbed 2.4% on an annual basis in June, … Continue reading

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