GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.85% against the USD and closed at 1.4845, after official data revealed that the UK inflation rate dropped to zero in February on an annual basis, thereby strengthening … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.07% against the USD and closed at 1.4972. Yesterday, data revealed that Britain’s CBI trends selling prices fell to a level of 4.00 in March, compared to a … Continue reading →

GBPUSD Movement On Friday, the GBP rose 1.22% against the USD and closed at 1.4943. In economic news, public sector net borrowing in the UK rose to £6.20 billion in February, as compared to market anticipations were for it to … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 1.24% against the USD and closed at 1.4763, following dovish statement made by the BoE Chief Economist, Andrew Haldane that chances of a rate cut or hike by … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.35% against the USD and closed at 1.4948, after the UK Chancellor, George Osborne upgraded the nation’s growth forecasts to 2.5% from 2.4% in 2015 and to 2.3% … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.52% against the USD and closed at 1.4748. In the Asian session, at GMT0400, the pair is trading at 1.4761, with the GBP trading 0.09% higher from yesterday’s … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.48% against the USD and closed at 1.4825. In the Asian session, at GMT0400, the pair is trading at 1.4821, with the GBP trading marginally lower from yesterday’s … Continue reading →

GBPUSD Movement On Friday, the GBP declined 0.96% against the USD and closed at 1.4749, on the back of downbeat UK construction output data. Britain’s seasonally adjusted construction output data unexpectedly slid 2.6% on a monthly basis, declining for the … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.29% against the USD and closed at 1.4892, after the BoE Governor, Mark Carney stated that the central bank was in no hurry to cut interest rates in … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.89% against the USD and closed at 1.4935, following dismal industrial as well as manufacturing production data in the UK. Industrial production in Britain unexpectedly slid 0.1% on … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.28% against the USD and closed at 1.5069. Yesterday, the BoE Chief, Mark Carney, opined that it would be “extremely foolish” to cut interest rate or expand quantitative … Continue reading →