GBP/USD: Pound trading tad higher, ahead of Britain’s consumer price inflation data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.63% against the USD and closed at 1.4373, over concerns about Prime Minister David Cameron’s ability to keep the Conservative party together ahead of June’s referendum on UK’s … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.4474. The Bank of England (BoE), in its quarterly bulletin, indicated that a slowdown in China could have spill-over effects on … Continue reading

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GBP/USD: BoE leaves benchmark interest rate steady at 0.5%

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.57% against the USD and closed at 1.4472. Yesterday, the Bank of England’s (BoE) monetary policy committee unanimously voted to keep the key interest rate at a historic … Continue reading

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GBP/USD: Pound trading higher, ahead of the BoE interest rate decision

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.64% against the USD and closed at 1.4248. In economic news, UK’s ILO unemployment rate remained steady at a level of 5.1% in the November-January 2016 period, in … Continue reading

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GBP/USD: Pound trading lower, ahead of the UK Budget report

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 1.01% against the USD and closed at 1.4157. In the Asian session, at GMT0400, the pair is trading at 1.4135, with the GBP trading 0.16% lower from yesterday’s … Continue reading

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GBP/USD: Pound extends its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.53% against the USD and closed at 1.4302. In the Asian session, at GMT0400, the pair is trading at 1.4276, with the GBP trading 0.18% lower from yesterday’s … Continue reading

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GBP/USD: Britain’s total trade deficit narrowed in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.69% against the USD and closed at 1.4387. In economic news, UK’s consumer inflation expectations index over the next 12 months dropped to a 16-year low level of … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.51% against the USD and closed at 1.4289. In the Asian session, at GMT0400, the pair is trading at 1.428, with the GBP trading 0.06% lower from yesterday’s … Continue reading

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GBP/USD: Britain’s economy grew at a quarterly rate of 0.3% in the three months to February, as per NIESR

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.4216, after data released in the UK painted a mixed picture of the nation’s economy. Yesterday, data showed that Britain’s manufacturing … Continue reading

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GBP/USD: Brexit poses the biggest risk to UK’s financial stability, says the BoE Governor

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.37% against the USD and closed at 1.4209. Yesterday, the BoE Governor, Mark Carney, warned that the possibility of Britain leaving the European Union would trigger a prolonged … 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 0.25% against the USD and closed at 1.4262. In the Asian session, at GMT0400, the pair is trading at 1.4252, with the GBP trading 0.07% lower from yesterday’s … Continue reading

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