GBP/USD: Theresa May’s election gamble backfires, as voters delivered a hung parliament

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.2732 on Friday, after results of UK’s general election showed that British voters have dealt a devastating blow to the UK … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Pound trading on a weaker footing, ahead of UK election verdict

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.39% against the USD and closed at 1.2776, after an exit poll indicated that the British Prime Minister, Theresa May is losing her parliamentary majority in Britain’s election, … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Pound trading flat, ahead of British general election results

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.37% against the USD and closed at 1.2956, as investors bet that Theresa May’s Conservatives will win the UK’s general election. In economic news, Britain’s Halifax house price … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose slightly against the USD and closed at 1.2908. In the Asian session, at GMT0300, the pair is trading at 1.2901, with the GBP trading marginally lower against the … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s services sector growth slowed in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.29% against the USD and closed at 1.2906. Macroeconomic data showed that growth in UK’s dominant service sector slowed more than expected in May as political uncertainty ahead … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s construction sector activity unexpectedly rose to a 17-month high level in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.2881 on Friday. On Friday, data showed that the UK construction PMI unexpectedly climbed to a level of 56.0 in in … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s manufacturing sector growth slightly eased in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.09% against the USD and closed at 1.2885, after the latest data indicated that UK’s manufacturing sector is sustaining most of the growth momentum. Britain’s Markit manufacturing PMI … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s mortgage approvals dipped to a 7-month low level in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.52% against the USD and closed at 1.2873. On the data front, number of mortgage approvals for house purchases in the UK unexpectedly eased to a level of … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s GfK consumer confidence edged up to a 4-month high level in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.1% against the USD and closed at 1.2807. In the Asian session, at GMT0300, the pair is trading at 1.2829, with the GBP trading 0.17% higher against the … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Pound 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 1.2820. In the Asian session, at GMT0300, the pair is trading at 1.2817, with the GBP trading marginally lower against the … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s economy expanded more slowly than expected in the first quarter

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.31% against the USD and closed at 1.2931, after macroeconomic data showed that UK’s economic growth in the first quarter was slower than previously estimated, raising concerns about … Continue reading

Posted in GBP/USD | Comments Off