GBP/USD: Pound trading a tad higher, ahead of UK’s final Q2 GDP data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.06% against the USD and closed at 1.5157. In economic news, number of mortgage approvals in the UK advanced more than expected to a level of 71.0K, hitting … Continue reading

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GBP/USD: Pound trading flat ahead of UK’s mortgage approvals data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.17% against the USD and closed at 1.5166. In the Asian session, at GMT0300, the pair is trading at 1.5165, with the GBP trading flat from yesterday’s close. … Continue reading

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GBP/USD: Pound trading higher in the Asian session

GBPUSD Movement On Friday, the GBP declined 0.22% against the USD and closed at 1.5195. In the Asian session, at GMT0300, the pair is trading at 1.5204, with the GBP trading 0.06% higher from Friday’s close. Over the weekend, leading … Continue reading

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GBP/USD: Sterling extends its losses this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.06% against the USD and closed at 1.5220. Yesterday, the BoE Deputy Governor, Ben Broadbent, announced that the central bank would undertake an interest rate hike only during … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.69% against the USD and closed at 1.5245. In the Asian session, at GMT0300, the pair is trading at 1.5255, with the GBP trading 0.07% higher from yesterday’s … Continue reading

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GBP/USD: Pound extends its losses this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 1.03% against the USD and closed at 1.5351. On the macro front, UK’s public sector net borrowings excluding banks increased to £12.1 billion, from previous month’s revised level … Continue reading

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GBP/USD: Pound trading higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.06% against the USD and closed at 1.5511. Yesterday, the BOE Deputy Governor, Sir John Cunliffe, expressed confidence over the UK economy and opined that the central bank … Continue reading

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

GBPUSD Movement On Friday, the GBP declined 0.31%against the USD and closed at 1.5528. The BoE’s Chief Economist, Andy Haldane opined that the central bank may need to cut interest rates further from their record-low level to support the nation’s … Continue reading

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GBP/USD: Pound trading higher this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.51% against the USD and closed at 1.5577. In economic front, UK’s retail sales rose 0.2% MoM, in line with consensus. Retail sales had registered a revised unchanged … Continue reading

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GBP/USD: Pound trading higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.99% against the USD and closed at 1.5498, after positive data from the UK labour market. Data showed that unemployment rate in the nation for three months period … Continue reading

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GBP/USD: Pound trading higher ahead of UK jobs data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.50% against the USD and closed at 1.5346, as consumer price inflation stagnated on an annual basis in August. UK data showed annual consumer price index fell back … Continue reading

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