GBP/USD: UK’s BRC retail sales dropped to its lowest level since August 2015 in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.33% against the USD and closed at 1.242. In the Asian session, at GMT0300, the pair is trading at 1.2419, with the GBP trading slightly lower against the … Continue reading

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GBP/USD: UK’s manufacturing, industrial and construction output, all surprisingly fell in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.76% against the USD and closed at 1.2370 on Friday, after an unexpected downturn in UK’s manufacturing, industrial and construction sector dented the nation’s growth prospects in the … Continue reading

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GBP/USD: Pound trading flat in the Asian session, ahead of a slew of economic releases in Britain

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.17% against the USD and closed at 1.2465. In the Asian session, at GMT0300, the pair is trading at 1.2465, with the GBP trading flat against the USD … Continue reading

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GBP/USD: UK’s services PMI touches 3-month high level in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.4% against the USD and closed at 1.2486, after latest data indicated that UK’s service sector activity grew more-than-expected in March. Britain’s Markit services PMI advanced to a … Continue reading

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GBP/USD: UK’s construction sector growth cools in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.38% against the USD and closed at 1.2436, after data showed that British construction sector lost momentum last month. UK’s Markit construction PMI unexpectedly fell to a level … Continue reading

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GBP/USD: Britain’s manufacturing sector growth unexpectedly slowed in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.37% against the USD and closed at 1.2484, after data revealed that UK’s manufacturing sector activity unexpectedly cooled for a third consecutive month in March. UK’s Markit manufacturing … Continue reading

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GBP/USD: UK’s economic growth confirmed at 0.7% in the final three months of 2016

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.42% against the USD and closed at 1.2527 on Friday, after the final gross domestic product (GDP) in the UK advanced 0.7% on a quarterly basis in 4Q … Continue reading

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GBP/USD: UK’s GfK consumer confidence index remains stable in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.2474. In the Asian session, at GMT0300, the pair is trading at 1.249, with the GBP trading 0.13% higher against the … Continue reading

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GBP/USD: Theresa May triggers Article 50, kick-starts historic Brexit process

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.14% against the USD and closed at 1.2439, after the British Prime Minister, Theresa May triggered Article 50 and formally began Britain’s divorce from the European Union. She … Continue reading

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GBP/USD: British Prime Minister, Theresa May, prepares to trigger Article 50 today

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.84% against the USD and closed at 1.2456, amid heightened anxiety as the UK Government is set to launch Britain’s formal exit from the European Union (EU). In … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.4% against the USD and closed at 1.2561. In the Asian session, at GMT0300, the pair is trading at 1.2563, with the GBP trading slightly higher against the … Continue reading

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