GBP/USD: Britain’s house prices rose for the first time since July 2018 in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.00% against the USD and closed at 1.2956. In the Asian session, at GMT0400, the pair is trading at 1.2954, with the GBP trading marginally lower against the … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Britain’s economic growth stagnated in 4Q19

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.01% against the USD and closed at 1.2955, after Britain’s economy stagnated in the last quarter of 2019. Data showed that UK’s gross domestic product (GDP) remained flat … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: British Pound trading a tad higher ahead of key domestic economic data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.33% against the USD and closed at 1.2913, amid fears that the Brexit transition period could finish without a trade deal being agreed between the UK and the … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK house prices rose at its fastest annual pace since February 2018

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.51% against the USD and closed at 1.2889 on Friday. Data indicated that UK’s Halifax house prices climbed 4.1% on a yearly basis in the November-January 2020 period, … 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 1.21% against the USD and closed at 1.2928, amid reports that the European Union might revoke concessions made to the UK related to MiFID II, potentially weakening the … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Britain’s services sector activity rebounded in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.66% against the USD and closed at 1.3000. On the macro front, UK’s final Markit services PMI advanced to a level of 53.9 in January, marking its highest … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK construction sector contracted at its slowest pace in 8 months in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.43% against the USD and closed at 1.3031, amid continuing concerns surrounding the Brexit deal. On the macro front, Britain’s Markit construction PMI advanced to a level of … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: British Pound declines as no-deal worries resurface

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.70% against the USD and closed at 1.2995, as no-deal fears re-emerged, after British Prime Minister, Boris Johnson, set out tough terms for Brexit talks with the European … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK mortgage approvals rose to a two-and-a-half year high in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.86% against the USD and closed at 1.3200 on Friday, as Britain prepares to leave the European Union. Data indicated that UK’s number of mortgage approvals for house … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Brexit Day is finally here!

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.3090 yesterday, after the Bank of England (BoE) kept its benchmark interest rate unchanged at 0.75%, with the central bank slashing … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.53% against the USD and closed at 1.3017 yesterday. In January, on a MoM basis, the seasonally adjusted house prices in the UK climbed to a 14-month high … Continue reading

Posted in GBP/USD | Comments Off