GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell marginally against the USD and closed at 1.6321. Yesterday, the Bank of England (BoE) kept its interest rate unchanged at 0.5% and maintained the size of its asset-purchase programme … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP marginally fell against the USD and closed at 1.6324, after Markit Economics reported that the UK service sector activity declined to a seven-month low reading of 58.3 in January, defying … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.12% against the USD and closed at 1.6329, after data showed that UK’s construction PMI rose to a reading of 64.6 in January, defying analysts’ expectation for a fall … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.77% against the USD and closed at 1.6310, as traders refrained from taking major bets in the UK Pound after data showed that the Markit manufacturing PMI for the … Continue reading →

GBPUSD Movement On Friday, GBP fell 0.35% against the USD and closed at 1.6440. In the Asian session, at GMT0400, the pair is trading at 1.6427, with the GBP trading 0.08% lower from Friday’s close. Early morning, a report showed … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.37% against the USD and closed at 1.6497. Economic data released yesterday showed that mortgage approvals in the UK rose to 71,638 in December from an upwardly revised 70,820 … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.06% against the USD and closed at 1.6558, after the Bank of England (BoE) Governor, Mark Carney, reiterated that the UK economic recovery has still a long way to … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP marginally fell against the USD and closed at 1.6568. Economic data released yesterday indicated that the UK economy expanded less-than-expected in the fourth quarter. The UK Office for National Statistics … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.50% against the USD and closed at 1.6574. Yesterday, Senior Liberal Democrat and Business Secretary, Vince Cable cautioned that rising house prices could end up becoming a threat for … Continue reading →

GBPUSD Movement On Friday, GBP fell 0.80% against the USD and closed at 1.6499, after the Bank of England (BoE) Governor, Mark Carney indicated that despite the UK unemployment rate nearing the BoE’s 7% target, the central bank is in … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.41% against the USD and closed at 1.6632. However, the gains in the UK Pound were capped after the Bank of England (BoE) policy-maker, Paul Fisher, hinted that the … Continue reading →