GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.97% against the USD and closed at 1.5335, extending its previous session gains. Yesterday, the BoE made no changes in its monetary policy and maintained its key interest … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.21% against the USD and closed at 1.5189, following stronger than expected services PMI data in the UK. The services PMI in the UK climbed to 57.2 in … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.83% against the USD and closed at 1.5157. Britain’s Markit construction PMI unexpectedly climbed to a level of 59.1 in January, from December’s 17-month low reading of 57.6. … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.35% against the USD and closed at 1.5032. Losses were capped, following upbeat Markit manufacturing PMI data in the UK. The UK Markit manufacturing PMI climbed more than … Continue reading →

GBPUSD Movement On Friday, GBP marginally declined 0.09% against the USD and closed at 1.5058, following disappointing consumer credit data in the UK. Consumer credit in the UK advanced less than expected to £0.58 billion in December, compared to a … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.48% against the USD and closed at 1.5071. In economic news, the UK’s CBI distributive trade survey’s retail sales balance fell to a level of 39.0% in January, … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.28% against the USD and closed at 1.5145. Yesterday, the BoE Governor, Mark Carney, in a press conference stated that the UK economy was expanding “solidly” and was … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.68% against the USD and closed at 1.5187, as investors shrugged off Britain’s disappointing 4Q GDP data. The UK GDP advanced 0.5% in Q4 2014 on a quarterly … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.49% against the USD and closed at 1.5084, after the BoE’s MPC member, Kristin Forbes, indicated that interest rates in the UK would rise sooner on the back … Continue reading →

GBPUSD Movement On Friday, GBP traded marginally lower against the USD and closed at 1.5013, as investors shrugged off Britain’s unexpected gain in its monthly retail sales in December. Retail sales in the UK advanced 0.2% on a MoM basis … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.84% against the USD and closed at 1.5014, after the public sector net borrowing unexpectedly registered a surplus of £12.50 billion in December, following a revised surplus of … Continue reading →