GBP/USD: Pound snaps its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.09% against the USD and closed at 1.6400. The US Dollar gained ground against the UK Pound after the President of San Francisco Fed, John Williams, opined that the … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Growth in UK service sector slowed in December, indicates Markit PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose marginally against the USD and closed at 1.6413. Gains in the UK Pound were capped after a report showed that UK’s Markit service PMI declined to a reading of … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s December construction PMI inched lower from a six-year high

GBPUSD Movement On Friday, GBP fell 0.13% against the USD and closed at 1.6427. The greenback advanced against its UK counterpart after two eminent Fed policy-makers supported further tapering in the pace of central bank’s stimulus measure in the near … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s Markit manufacturing PMI fell more than market expectations for December

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.77% against the USD and closed at 1.6449, as risk-appetite among investors reduced after Markit Economics reported that UK’s manufacturing PMI declined to a level of 57.3 in December, … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Pound edges higher ahead of UK manufacturing PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.6578, amid optimism that the UK economy would continue improve further in 2014. In economic news on Tuesday, the UK’s Lloyds business … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Pound trading lower this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.08% against the USD and closed at 1.6493. The US Dollar fell after the economic data showed that the pending US home sales came in below expectations, a result … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: House prices continue to rise, indicates Hometrack

GBPUSD Movement On Friday, GBP rose 0.44% against the USD and closed at 1.6485. In the Asian session, at GMT0400, the pair is trading at 1.6479, with the GBP trading tad lower from Friday’s close. This morning, data released by … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK could be Europe’s ‘largest’ economy by 2030, think tank

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.38% against the USD and closed at 1.6414. Yesterday, a study released by British research group the Centre for Economics and Business Research (CEBR) indicated that Britain would surpass … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: British Pound extends its gains this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP rose 0.12% against the USD and closed at 1.6349. The British Pound found support yesterday, after the Bank of England (BoE) Deputy Governor, Andrew Bailey stated that the central bank … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: S&P affirms UK’s ‘AAA’ rating, but warns of risks

GBPUSD Movement On Friday, GBP fell 0.10% against the USD and closed at 1.6349. However, the British Pound was supported for a brief period after an official data revealed that the annual gross domestic product (GDP) in UK surged 1.9% … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Rapid jobless fall does not invalidate guidance, BoE McCafferty

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.10% against the USD and closed at 1.6367. Early yesterday, the British Pound came under pressure after the Bank of England (BoE) policy maker, Ian McCafferty implied that interest … Continue reading

Posted in GBP/USD | Comments Off