GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.6980, amid mounting speculation for an earlier-than-expected interest rate hike in the UK economy. In the Asian session, at GMT0300, the … Continue reading →

GBPUSD Movement On Friday, GBP rose 0.24% against the USD and closed at 1.6973, amid lingering optimism on a sooner-than-expected interest rate hike in the UK economy. On the economic front, the CB leading economic index in the UK economy … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.85% against the USD and closed at 1.6932, as the BoE Governor, Mark Carney, publically hinted at the possibility for the central bank to raise 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 1.6790, as the ILO unemployment rate in the UK economy fell more than economists’ expectation to 6.6%, the lowest level in … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.28% against the USD and closed at 1.6755. However, earlier during the day, the British Pound rose for a brief period of time after manufacturing production in the … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell marginally against the USD and closed at 1.6802. In the UK, a BoE policymaker, Ian McCafferty, hinted that the central bank was inching closer to raising its interest … Continue reading →

GBPUSD Movement On Friday, GBP fell 0.06% against the USD and closed at 1.6801. On the economic front, total trade deficit of the UK widened to £2.5 billion in April from a revised deficit of £1.1 billion recorded in the … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.44% against the USD and closed at 1.6811, as the BoE held its interest rate at a record-low 0.5% and kept its £375 billion bond-buying programme intact at … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally fell against the USD and closed at 1.6737, paring its initial gains accrued on the back of a better-than-expected UK service PMI data for May. Markit Economics reported … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP marginally rose against the USD and closed at 1.6745, as traders shrugged off a drop in the UK’s construction PMI data for May. Data showed that the construction PMI … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell marginally against the USD and closed at 1.6746, as data showed that mortgage approvals in the UK fell for the third-straight month to a nine-month low level of … Continue reading →