GBP/USD: Britain’s economy deteriorated in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.74% against the USD and closed at 1.2990, after Britain’s economy grew at its weakest annual pace in more than seven years in November, further raising the prospects … Continue reading

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GBP/USD: British Pound trading lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.23% against the USD and closed at 1.3057 on Friday, amid fears of an interest rate cut in its upcoming policy meeting. In the Asian session, at GMT0400, … Continue reading

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GBP/USD: Central bank likely to cut interest rates: BoE Governor Mark Carney

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.15% against the USD and closed at 1.3068 after the Bank of England Governor, Mark Carney stated that the central bank is likely to consider further monetary easing … Continue reading

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GBP/USD: UK’s Halifax house price index rose in the October-December 2019 period

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.11% against the USD and closed at 1.3101. Data indicated that UK’s Halifax house price index advanced 4.0% on an annual basis in the October-December 2019 period, more … Continue reading

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GBP/USD: British Pound extends its gains in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.24% against the USD and closed at 1.3118. In the Asian session, at GMT0400, the pair is trading at 1.3131, with the GBP trading 0.10% higher against the … Continue reading

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GBP/USD: UK’s services PMI unexpectedly rose for the fourth straight month in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.66% against the USD and closed at 1.3173. Data showed that UK’s final services PMI unexpectedly expanded to a level of 50.0 in December, rising for the fourth … Continue reading

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GBP/USD: UK’s construction PMI unexpectedly declined in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.49% against the USD and closed at 1.3078 on Friday, amid weak economic data. In economic news, UK’s construction PMI unexpectedly declined to a level of 44.4 in … Continue reading

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GBP/USD: UK’s manufacturing activity registered a biggest drop in 7 years in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.85% against the USD and closed at 1.3143. In economic news, UK’s final manufacturing PMI fell to a level of 47.5 in December, marking its steepest fall since … 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 0.05% against the USD and closed at 1.3256. In the Asian session, at GMT0400, the pair is trading at 1.3211, with the GBP trading 0.34% lower against the … Continue reading

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GBP/USD: BBA mortgage approvals rose to its highest level in 3 years in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.05% against the USD and closed at 1.3119, amid escalating fears of a disorderly Brexit in 2020. In economic news, UK’s BBA mortgage approvals advanced to a 3-year … Continue reading

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GBP/USD British Pound extends its gains in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.67% against the USD and closed at 1.3086 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.3114, with the GBP trading 0.21% higher … Continue reading

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