GBP/USD: Pound trading lower this morning, awaits PMI manufacturing data in the UK

For the 24 hours to 23:00 GMT, GBP traded flat against the USD, on Friday, and closed at 1.5591. In the UK, this morning, on a monthly basis, home prices declined 0.1% in September. Additionally, GfK NOP reported that its … Continue reading

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GBP/USD: Pound trading steady, the UK consumer confidence index advances

For the 24 hours to 23:00 GMT, GBP rose 0.12% against the USD and closed at 1.5594. In the UK, the nationwide housing prices rose 0.1% (M-o-M) in September, following a 0.6% drop in August. The money supply dropped 0.2% … Continue reading

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GBP/USD: Pound fell on QE speculation, trading higher this morning

For the 24 hours to 23:00 GMT, GBP fell 0.42% against the USD and closed at 1.5575, amid signs that the Bank of England may adopt more stimulus measures. The pair opened the Asian session at 1.5575, and is trading … Continue reading

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GBP/USD: Pound trading marginally lower this morning

For the 24 hours to 23:00 GMT, GBP rose 0.55% against the USD and closed at 1.5640. In the UK, the CBI Distributive Trades Survey reported that the volume of sales in September declined to -15.0%, compared to -14.0% in … Continue reading

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GBP/USD: Pound continue to trade higher in the Asian session

For the 24 hours to 23:00 GMT, GBP rose 0.50% against the USD and closed at 1.5554. The Bank of England (BoE) policy maker, Ben Broadbent stated that he is likely to vote for another round of quantitative easing, increasing … Continue reading

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GBP/USD: Pair converging with its MA’s

For the 24 hours to 23:00 GMT, GBP rose 0.74% against the USD, on Friday, and closed at 1.5477. In the UK, the British Bankers’ Association reported that the number of loans approved for house purchases increased to 35,226 in … Continue reading

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GBP/USD: Pound fell amid high risk aversion yesterday, trading higher this morning

For the 24 hours to 23:00 GMT, GBP fell 0.94% against the USD and closed at 1.5364. In the UK, Confederation of British Industry (CBI) reported that the order book balance declined to -9.0% (M-o-M) in September, from 1.0% in … Continue reading

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GBP/USD: Pound slipped as BOE considered additional stimulus, trading lower amid broad dollar strength

For the 24 hours to 23:00 GMT, GBP fell 1.39% against the USD and closed at 1.5509, after the Bank of England (BOE) minutes of meeting indicated that officials considered more bonds purchases to keep borrowing costs capped. The BOE … Continue reading

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GBP/USD: Pound trading flat this morning, Investors awaits BoE minutes

For the 24 hours to 23:00 GMT, GBP rose 0.43% against the USD and closed at 1.5728. This morning in the UK, the nationwide consumer confidence declined to 48.0 in August, from 49.0 in the previous month. The pair opened … Continue reading

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GBP/USD: Pound trading flat, awaits UK consumer confidence data

For the 24 hours to 23:00 GMT, GBP fell 0.38% against the USD and closed at 1.5660. The Bank of England stated that its bond-purchase plan had “economically significant” effects on Britain’s financial system, though the impact of future purchases … Continue reading

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

For the 24 hours to 23:00 GMT, GBP traded flat against the USD, on Friday, and closed at 1.5797. In the UK, this morning, the house price index rose 0.7% (M-o-M) in September, following a 2.1% drop recorded in August. … Continue reading

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