GBP/USD: Pound trading higher, ahead of NIESR’s GDP estimate data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.51% against the USD and closed at 1.4055, as the uncertainty around the “Brexit” continues to keep the Pound under pressure. On the economic front, UK’s Halifax house … Continue reading

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GBP/USD: Pound trading on a weaker footing in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.20% against the USD and closed at 1.4127. In the Asian session, at GMT0300, the pair is trading at 1.4116, with the GBP trading 0.08% lower from yesterday’s … Continue reading

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GBP/USD: Britain’s services PMI edged up in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.75% against the USD and closed at 1.4156. In economic news, UK’s Markit services PMI rose more-than-expected to a level of 53.7 in March, from a nearly three-year … Continue reading

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GBP/USD: Pound trading marginally lower, ahead of UK’s services PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.30% against the USD and closed at 1.4263. In economic news, UK’s construction PMI remained steady at a 10-month low level of 54.2 in March, as concerns over … Continue reading

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GBP/USD: Pound trading tad higher, ahead of Britain’s construction PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.95% against the USD and closed at 1.4229, after UK’s manufacturing PMI rose less-than-anticipated to a level of 51.0 in March, from a reading of 50.8 in the … Continue reading

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GBP/USD: Britain’s final Q4 GDP revised upwards

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.08% against the USD and closed at 1.4366, despite UK’s positive GDP figure. Data showed that UK’s final GDP advanced more-than-anticipated by 0.6% QoQ in 4Q 2015, compared … Continue reading

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GBP/USD: Pound trading lower, ahead of UK’s Q4 GDP data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally fell against the USD and closed at 1.4377. In economic news, UK’s Gfk consumer confidence index remained flat in March, its lowest reading in more than a year, … Continue reading

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GBP/USD: EU referendum poses risk to UK’s economic stability, warned the BoE

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.90% against the USD and closed at 1.4385. Yesterday, the BoE’s financial policy committee, echoed recent remarks by the central bank Governor, Mark Carney, that the referendum on … Continue reading

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GBP/USD: Pound trading lower this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.89% against the USD and closed at 1.4255, despite looming uncertainty over Britain’s referendum on EU membership. In the Asian session, at GMT0300, the pair is trading at … Continue reading

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GBP/USD: Pound extends its losses, ahead of Britain’s retail sales data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.71% against the USD and closed at 1.4116, as the probability of successful Brexit referendum increased after the Brussels attacks. In the Asian session, at GMT0400, the pair … Continue reading

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GBP/USD: UK’s consumer prices advanced less-than-expected in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 1.08% against the USD and closed at 1.4217, after Britain’s inflation data missed market expectations. Data showed that Britain’s consumer price index rose less-than-expected by 0.2% MoM in … Continue reading

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