GBP/USD: British Pound trading slightly higher this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.49% against the USD and closed at 1.2813 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.2815, with the GBP trading a tad … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.80% against the USD and closed at 1.2876, after the Britain and the European Union agreed on a draft political declaration for future ties. In the Asian session, … Continue reading

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GBP/USD: No-Brexit deal could adversely affect UK’s economic growth: OECD

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.08% against the USD and closed at 1.2774. Yesterday, the Paris-based think tank, OECD stated that Britain’s economy would expand by 1.3% and 1.4% in 2019 and 2020 … Continue reading

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GBP/USD: Sterling reverses its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.62% against the USD and closed at 1.2784. Macroeconomic data showed that UK’s CBI balance of firms reporting total order book above normal unexpectedly climbed to a level … Continue reading

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GBP/USD: British Pound trading slightly lower this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.22% against the USD and closed at 1.2864, as British Prime Minister, Theresa May, sought to win support for her draft Brexit deal. In the Asian session, at … Continue reading

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GBP/USD: UK’s Rightmove house price index declined in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.47% against the USD and closed at 1.2827. In the Asian session, at GMT0400, the pair is trading at 1.2833, with the GBP trading 0.05% higher against the … Continue reading

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GBP/USD: UK’s retail sales unexpectedly dropped in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.75% against the USD and closed at 1.2767, after Brexit Secretary, Dominic Raab and two other ministers resigned over Prime Minister, Theresa May’s draft Brexit deal. Data indicated … Continue reading

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GBP/USD: UK’s inflation advanced less-than-estimated in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.25% against the USD and closed at 1.2995, amid reports that British Prime Minister, Theresa May, could face no confidence vote. On the macro front, UK’s consumer price … Continue reading

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GBP/USD: UK’s ILO unemployment rate surprisingly advanced in the three months ended September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.37% against the USD and closed at 1.3028, amid optimism over a Brexit deal. Data indicated that the UK’s ILO unemployment rate unexpectedly climbed to 4.1% in the … Continue reading

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GBP/USD: Sterling reverses its losses in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP dropped 0.68% against the USD and closed at 1.2852, amid renewed Brexit worries, following reports that Prime Minister, Theresa May had cancelled a cabinet meeting to approve a Brexit … Continue reading

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GBP/USD: Britain’s economic growth expanded at its quickest pace in two-years in 3Q 2018

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.74% against the USD and closed at 1.2970 on Friday. On the data front, UK’s flash gross domestic product (GDP) climbed 0.6% on a quarterly basis in 3Q … Continue reading

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