GBP/USD: Pound extends its losses in the Asian session, ahead of services PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.85% against the USD and closed at 1.6470. In economic news, the UK construction PMI grew at its fastest pace in 7 months to a level of 64.0 … Continue reading

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GBP/USD: Pound reverses its gains this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.13% against the USD and closed at 1.6612. In economic news, the UK market PMI edged down in August to 52.5, falling to its lowest level in 14-months, … Continue reading

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GBP/USD: Pound trading flat this morning, ahead of factory data

GBPUSD Movement On Friday, GBP traded marginally higher against the USD and closed at 1.6597. In economic news, the seasonally adjusted house prices in the UK recorded a rise of 0.8% in August, on a monthly basis, higher than market … Continue reading

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GBP/USD: UK consumer confidence in August turned positive for the second time since March 2005

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.6588, on upbeat UK data. The CBI reported that the index of UK retailers climbed to a reading of 37.0 in … Continue reading

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GBP/USD: Pound trading higher in the Asian session, ahead of British consumer confidence data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.18% against the USD and closed at 1.6575. In the Asian session, at GMT0300, the pair is trading at 1.6591, with the GBP trading 0.1% higher from yesterday’s … Continue reading

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GBP/USD: Pound trading higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.13% against the USD and closed at 1.6546. In economic news, the mortgage approvals in the UK declined to two-month low in July, diminishing optimism over the health … Continue reading

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GBP/USD: Pound trading on a higher footing this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.12% against the USD and closed at 1.6568. Over the weekend, in the Jackson Hole Summit, the BoE Deputy Governor, Ben Broadbent, stated that wage growth in Britain … Continue reading

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GBP/USD: Pound trading flat this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.10% against the USD and closed at 1.6579, after retail sales in the UK grew at the slowest annual rate since November last year. On a monthly basis, … Continue reading

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GBP/USD: Pound trading on a lower footing this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.14% against the USD and closed at 1.6596. The greenback strengthened as the minutes of the latest Fed meeting was hawkish. However, the Pound gained earlier after the … Continue reading

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GBP/USD: Pound trading lower, ahead of BoE’s minutes

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.62% against the USD and closed at 1.6620, after downbeat inflation data in the UK. On an annual basis, consumer price index in the UK dropped unexpectedly to … Continue reading

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GBP/USD: Pound trading lower, ahead of UK inflation data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP traded tad higher against the USD and closed at 1.6724. In economic news, the BRC reported that shopper numbers in the UK declined by 0.6% in July, compared to … Continue reading

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