For the 24 hours to 23:00 GMT, GBP rose 0.18% against the USD and closed at 1.6204, over mixed US economic data. In the US, the net long-term TIC flows increased in March to $116.0 billion compared to $95.6 billion … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.55% against the USD, on Friday, and closed at 1.6195. In the US, Reuters and the University of Michigan reported that the consumer sentiment index rose to a reading of 72.4 … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, GBP fell 0.49% against the USD and closed at 1.6285, after UK’s manufacturing and industrial data came in weaker-than-expected. The National Institute of Economic and Social Research (NIESR) indicated that the … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.04% against the USD and closed at 1.6365. In the UK, the Bank of England Governor, Mervyn King stated that inflation remains “uncomfortably high,” and officials indicated that they need to … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.25% against the USD and closed at 1.6371, on speculation that the Bank of England would lower its economic growth forecasts. The pair opened the Asian session at 1.6371, and is … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.37% against the USD and closed at 1.6412. In the UK, the Halifax house prices declined 1.4% in April, following a flat reading recorded in the previous month. The BRC retail … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.12% against the USD, on Friday, and closed at 1.6364, as economic data showed inflationary pressure in the UK. In the UK, the output price index, on a monthly basis, rose … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.69% against the USD and closed at 1.6383, as dollar paced gains, amid fall in commodities, oil prices and US stock market. Additionally, the Purchasing Managers’ Index (PMI) for services in … Continue reading →

For the 24 hours to 23:00 GMT, GBP rose 0.07% against the USD and closed at 1.6496. In the UK, the M4 money supply declined by 1.1% (Y-o-Y) in March, compared to a revised 1.4% decline posted in February. The … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 1.01% against the USD and closed at 1.6485, as manufacturing activity in the UK expanded at a slower pace in April. In the UK, the manufacturing purchasing manager index declined to … Continue reading →

For the 24 hours to 23:00 GMT, GBP fell 0.13% against the USD and closed at 1.6653. The greenback advanced, as investors weighed news of Al Qaeda leader, Osama bin Laden’s death as backdrop of expectations that the Federal Reserve … Continue reading →