GBP/USD: UK threatens to walk away from Brexit trade talks

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.03% against the USD and closed at 1.2894, after the UK threatened to walk away from the trade negotiations with the EU, if there is no progress by … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.97% against the USD and closed at 1.2901. In the Asian session, at GMT0400, the pair is trading at 1.2921, with the GBP trading 0.16% higher against the … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.21% against the USD and closed at 1.3000. On the macro front, UK’s CBI distributive trade survey’s retail sales advanced 1.0% in February, less than market expectations and … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.24% against the USD and closed at 1.2925, as investors turned away from risker assets, amid a rise in number of coronavirus cases outside China. In the Asian … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.87% against the USD and closed at 1.2973 on Friday. Data showed that UK’s Markit manufacturing PMI unexpectedly advanced to a level of 51.9 in February, defying market … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Britain’s retail sales rose at a faster than expected pace in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.57% against the USD and closed at 1.2881. Data indicated that UK’s retail sales rose 0.9% on a monthly basis in January, amid robust demand for clothing, footwear … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s inflation accelerated to a six-month high level in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.27% against the USD and closed at 1.2921, amid uncertainty surrounding Britain’s trade talks with the European Union and government plans to boost spending. On the macro front, … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: British Pound trading lower ahead of key economic data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.66% against the USD and closed at 1.3000. Data showed that UK’s ILO unemployment rate remained unchanged at 3.8% in the October-December 2019 period, in line with market … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: British Pound trading flat this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.63% against the USD and closed at 1.3005. In the Asian session, at GMT0400, the pair is trading at 1.3005, with the GBP trading flat against the USD … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.41% against the USD and closed at 1.3033 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.3046, with the GBP trading 0.10% higher … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: British Pound trading flat in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.34% against the USD and closed at 1.3042, despite the appointment of Rishi Sunak as the British Chancellor following the resignation of Sajid Javid. In the Asian session, … Continue reading

Posted in GBP/USD | Comments Off