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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.23% against the USD and closed at 1.2347 on Friday. The Bank of England (BoE), in its latest meeting minutes, revealed that it has considered the option to … Continue reading

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GBP/USD: British Pound extends its losses in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 3.47% against the USD and closed at 1.2576. In the Asian session, at GMT0400, the pair is trading at 1.2556, with the GBP trading 0.16% lower against the … Continue reading

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GBP/USD: Britain’s economic growth stagnated in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.64% against the USD and closed at 1.2814. On the data front, UK’s industrial production unexpectedly declined 0.1% on a monthly basis in January, confounding market forecast for … Continue reading

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GBP/USD: British Pound trading on a stronger footing this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.97% against the USD and closed at 1.2901. In the Asian session, at GMT0400, the pair is trading at 1.2918, with the GBP trading 0.13% higher against the … Continue reading

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GBP/USD: British Pound reverses its gains in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.48% against the USD and closed at 1.3091. In the Asian session, at GMT0400, the pair is trading at 1.3064, with the GBP trading 0.21% lower against the … Continue reading

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GBP/USD: Britain’s house prices increased at a slower pace in the three months to February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.10% against the USD and closed at 1.3015 on Friday. On the macro front, UK’s Halifax house prices rose 2.8% on a yearly basis in the three months … Continue reading

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GBP/USD: British Pound reverses its losses in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.57% against the USD and closed at 1.2954. Bank of England Governor, Mark Carney, in his speech, stated that central bank’s monetary policy committee (MPC) is assessing the … Continue reading

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GBP/USD: Britain’s service sector activity expanded at a slower pace in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.22% against the USD and closed at 1.2869, on potential rate cut fears. On the macro front, UK’s market services PMI fell more-than-expected to 53.2 in February, due … Continue reading

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GBP/USD: Britain’s construction sector expanded for the first time since April 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.60% against the USD and closed at 1.2820. Data showed that UK’s Markit construction PMI jumped to 52.6 in February, expanding for the first time since April 2019 … Continue reading

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GBP/USD: UK’s manufacturing sector expands at its fastest pace in 10 months in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 2.06% against the USD and closed at 1.2759, amid caution surrounding the Brexit negotiations between Britain and the European Union. On the data front, UK’s Markit manufacturing PMI … Continue reading

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GBP/USD: UK’s Nationwide house price inflation rose to an 18-month high level in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.80% against the USD and closed at 1.2794 on Friday. On the macro front, UK’s Nationwide house prices climbed 2.3% on an annual basis in February, hitting its … Continue reading

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