GBP/USD: UK shop prices continue their downward trajectory

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.47% against the USD and closed at 1.3025 yesterday. In the Asian session, at GMT0400, the pair is trading at 1.3018, with the GBP trading 0.05% lower against … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.22% against the USD and closed at 1.3058 yesterday. Meanwhile, British mortgage approvals advanced to a level of 46.82K in December, from a revised reading of 44.06K in … Continue reading

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GBP/USD: UK’s services sector returned to growth in January

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally declined against the USD and closed at 1.3078 on Friday. Meanwhile, in January, the preliminary manufacturing PMI advanced to a nine-month high of 49.80, compared to market expectations … Continue reading

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GBP/USD: British Pound trading higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.28% against the USD and closed at 1.3123, as hopes for UK-EU trade deal rise. In the Asian session, at GMT0400, the pair is trading at 1.3125, with … Continue reading

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GBP/USD: UK’s public sector net borrowing fell in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.40% against the USD and closed at 1.3139. In the UK, public sector net borrowing unexpectedly declined to £4.04 billion in December, compared to a revised reading of … Continue reading

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GBP/USD: UK’s jobless rate remained unchanged in the three months to November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.31% against the USD and closed at 1.3047, despite strong UK jobs data. Data showed that in the UK, number of unemployment benefits claimants increased by 14.9K in … Continue reading

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GBP/USD: British Pound trading marginally higher in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.61% against the USD and closed at 1.3007, after the IMF slashed its global economic outlook for 2020 and 2021. However, the IMF left UK’s economic growth forecast … Continue reading

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GBP/USD: UK retail sales sharply fall in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.54% against the USD and closed at 1.3016 on Friday, on the back of dismal UK retail sales data. On the macro front, UK’s retail sales unexpectedly fell … Continue reading

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GBP/USD: British Pound trading a tad lower in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.06% against the USD and closed at 1.3079. In the Asian session, at GMT0400, the pair is trading at 1.3074, with the GBP trading slightly lower against the … Continue reading

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GBP/USD: UK’s inflation fell to its lowest level in 3 years in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.32% against the USD and closed at 1.3045, as UK’s consumer price inflation slowed to a 3-year low level in December. On the macro front, UK’s consumer price … Continue reading

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GBP/USD: British Pound trading a tad higher in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.50% against the USD and closed at 1.3021, amid growing prospects for an interest rate cut this month. In the Asian session, at GMT0400, the pair is trading … Continue reading

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