GBP/USD: Interest rate hike inching closer, stated the BoE Chief, Mark Carney

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.94% against the USD and closed at 1.5635, after the BoE Governor, Mark Carney, in his speech at Treasury select committee, indicated that the central bank was moving … Continue reading

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GBP/USD: Pound trading a tad lower ahead of Britain’s crucial CPI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.08% against the USD and closed at 1.5489. In the Asian session, at GMT0300, the pair is trading at 1.5487, with the GBP trading marginally lower from yesterday’s … Continue reading

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GBP/USD: Pound reverses its gains in the Asian session

GBPUSD Movement On Friday, the GBP marginally rose 0.89% against the USD and closed at 1.5513. In economic news, total trade deficit in the UK narrowed to £0.39 billion in May, following a revised deficit of £1.83 billion in the … Continue reading

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GBP/USD: The BoE kept interest rate on hold at 0.5%

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP traded a tad higher against the USD and closed at 1.5376. Yesterday, the BoE, in a widely expected move, agreed to maintain key interest rate at the record low … Continue reading

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GBP/USD: Pound trading marginally higher ahead of the BoE’s interest rate decision

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.58% against the USD and closed at 1.5371. In the Asian session, at GMT0300, the pair is trading at 1.5379, with the GBP trading a tad higher from … Continue reading

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GBP/USD: The NIESR projected robust GDP growth in second quarter

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.92% against the USD and closed at 1.5460, following mixed economic data in the UK. Data released showed that industrial production in the nation unexpectedly jumped 0.4% MoM … Continue reading

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GBP/USD: Pound trading lower ahead of UK’s industrial and manufacturing production figures

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.27% against the USD and closed at 1.5604, rebounding back from its earlier session losses. In the Asian session, at GMT0300, the pair is trading at 1.5588, with … Continue reading

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GBP/USD: Pound trading lower in the Asian session

GBPUSD Movement On Friday, the GBP declined 0.15% against the USD and closed at 1.5585. In economic news, services activity in Britain bounced back more than anticipated pace in June, suggesting an improvement in the nation’s economic recovery. Data showed … Continue reading

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GBP/USD: Pound trading a tad higher ahead of UK’s services PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP remained flat against the USD and closed at 1.5609. In economic news, the construction activity in Britain expanded at its fastest rate in four months in June, indicating that … Continue reading

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GBP/USD: Pound trading on a stronger footing ahead of UK construction PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.48% against the USD and closed at 1.5609, after UK’s manufacturing PMI data disappointed in June. UK’s manufacturing PMI unexpectedly fell to a level of 51.4 in June, … Continue reading

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GBP/USD: Britain’s Q1 GDP growth revised upwards

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.30% against the USD and closed at 1.5684. On the macro front, the final print of Britain’s GDP growth expanded 0.4% QoQ in the first quarter of 2015, … Continue reading

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