GBP/USD: Sterling trading lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.50% against the USD and closed at 1.2225. Separately, the Bank of England, Governor, Mark Carney, in his speech, warned over the adverse impact of climate changes on … Continue reading

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GBP/USD: Annual growth in UK house prices hit a six-year low

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.32% against the USD and closed at 1.2287. Data showed that UK’s Halifax house price index rose 1.1% on a yearly basis in September, less than market expectation … Continue reading

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GBP/USD: Sterling trading lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP traded flat against the USD and closed at 1.2338 on Friday, amid reports that the UK government has filed papers claiming that Prime Minister, Boris Johnson, would request the … Continue reading

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GBP/USD: UK’s services PMI contracted at its fastest pace since 2009 in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.32% against the USD and closed at 1.2338, amid hopes for a Brexit deal. Data showed that the UK’s services PMI contracted to a level of 49.5 in … Continue reading

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GBP/USD: Sterling extends its gains in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.10% against the USD and closed at 1.2299, after a final Brexit draft was offered to the European Union by UK Prime Minister Boris Johnson. Data showed that … Continue reading

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GBP/USD: UK’s manufacturing PMI unexpected rose in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.2287. Data indicated that UK’s seasonally adjusted Nationwide house price index unexpectedly eased 0.2% on a monthly basis in September, defying … Continue reading

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GBP/USD: UK’s gross domestic product fell in 2Q 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.2288. In economic news, UK’s final gross domestic product (GDP) dropped 0.2% on a quarterly basis in 2Q 2019, confirming the … Continue reading

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GBP/USD: Sterling trading lower, ahead of GDP data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.26% against the USD and closed at 1.2294 on Friday, following dovish comments from the Bank of England policymaker Michael Saunders. In the Asian session, at GMT0300, the … Continue reading

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GBP/USD: UK’s GfK consumer confidence surprisingly climbed in September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.26% against the USD and closed at 1.2326. In the Asian session, at GMT0300, the pair is trading at 1.2327, with the GBP trading a tad higher against … Continue reading

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GBP/USD: UK’s BBA mortgage approvals dropped in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.06% against the USD and closed at 1.2358, after the British Parliament resumed following Supreme Court ruling against Prime Minister Boris Johnson’s decision to suspend parliament. In economic … Continue reading

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GBP/USD: UK’s public sector net borrowing recorded a deficit in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.45% against the USD and closed at 1.2491, after the Supreme Court ruled that Prime Minister, Boris Johnson’s decision to suspend Parliament was unlawful. In economic news, UK’s … Continue reading

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