On Friday, GBP fell marginally against the USD and closed at 1.5703, On the economic front, UK’s construction output dropped 1.1% (YoY) in April, against the expected 4.1% drop and following a 7.2% drop reported in March. The Conference … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.15% against the USD and closed at 1.5706. The Pound remained buoyant a day after upbeat UK employment data lifted investor sentiment over the outlook for second quarter economic growth. … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.26% against the USD and closed at 1.5683, after the number of unemployed people in the UK fell by 8.6K in May, following an upwardly revised drop of 11.8K recorded … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.50% against the USD and closed at 1.5644, as the UK industrial production data impressed investors. On the economic front, UK’ industrial production exceeded market expectations by recording a monthly … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.27% against the USD and closed at 1.5567. In the Asian session, at GMT0300, the pair is trading at 1.5584, with the GBP trading 0.11% higher from yesterday’s close. Data … Continue reading →

  On Friday, GBP fell 0.27% against the USD and closed at 1.5558, following positive US employment data. However, losses were limited as UK’s total trade deficit narrowed to £2.6 billion in April from to a downwardly revised deficit of … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 1.31% against the USD and closed at 1.5600, as investor sentiment was lifted after the Bank of England announced no changes to its monetary policy. Yesterday, the Bank of England’s … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.63% against the USD and closed at 1.5398, as upbeat UK services PMI data buoyed the Pound. In the UK, the services purchasing managers’ index (PMI) advanced to a reading … Continue reading →

  GBP failed take advantage of an upbeat UK construction PMI, declining 0.13% against the USD, to close at 1.5302, for the 24 hours to 23:00 GMT. The construction purchasing managers’ index (PMI) in the UK advanced to a reading … Continue reading →

  For the 24 hours to 23:00 GMT, GBP rose 0.76% against the USD and closed at 1.5322, as manufacturing activity in the UK grew at the fastest pace in 14 months in May. UK’s manufacturing PMI jumped to a … Continue reading →

  On Friday, GBP fell 0.29% against the USD and closed at 1.5183. The greenback advanced as upbeat US economic data raised investor speculation that the Federal Reserve could to taper its stimulus program in the near future. Meanwhile, on … Continue reading →