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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.19% against the USD and closed at 1.2931. In the Asian session, at GMT0400, the pair is trading at 1.2929, with the GBP trading marginally lower against the … Continue reading

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GBP/USD: UK’s services PMI sharply declined to a 2.5-year low level in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.63% against the USD and closed at 1.2956. Data indicated that UK’s services PMI sharply dropped to a 2.5-year low level of 50.1 in January, amid increased worries … Continue reading

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GBP/USD: UK’s construction sector growth slowed to a 10-month low level in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.30% against the USD and closed at 1.3038. Data revealed that UK’s construction PMI declined to a 10-month level of 50.6 in January, led by escalating uncertainties over … Continue reading

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GBP/USD: Britain’s manufacturing growth slowed more-than-expected in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.21% against the USD and closed at 1.3079 on Friday, after data showed that Britain’s Markit manufacturing PMI fell to a level of 52.8 in January, hitting its … Continue reading

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GBP/USD: UK’s Nationwide house prices index advanced in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.08% against the USD and closed at 1.3107. In economic news, UK’s seasonally adjusted Nationwide house prices index rebounded 0.3% on a monthly basis in January, compared to … Continue reading

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GBP/USD: UK’s net consumer credit advanced less-than-estimated in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.3117. On the data front, UK’s net consumer credit rose £0.7 billion in December, less than market expectations for a rise … Continue reading

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GBP/USD: UK’s BRC shop price index advanced to a five-year high level in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.53% against the USD and closed at 1.3080, after UK lawmakers dismissed calls to extend the Brexit negotiations, indicating that the UK has exactly two months before leaving … Continue reading

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GBP/USD: British pound trading marginally higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.33% against the USD and closed at 1.3150, ahead of series of significant Brexit votes in the parliament. In the Asian session, at GMT0400, the pair is trading … Continue reading

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GBP/USD: UK’s BBA mortgage approvals fell as estimated in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.01% against the USD and closed at 1.3197 on Friday, amid hopes that the UK will leave the European Union with a deal. In economic news, UK’s BBA … Continue reading

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GBP/USD: Sterling trading higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.10% against the USD and closed at 1.3065. In the Asian session, at GMT0400, the pair is trading at 1.3118, with the GBP trading 0.41% higher against the … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.90% against the USD and closed at 1.3078. On the macro front, balance of firms reporting total order book above normal declined to -1.0 in January, more than … Continue reading

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