GBP/USD: Sterling extends its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.28% against the USD and closed at 1.2294 on Friday. Data showed that the Halifax house price index rose 0.3% on a monthly basis in August, more than … Continue reading

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GBP/USD: British Pound trading slightly higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.64% against the USD and closed at 1.2328, after UK lawmakers voted to block a no-deal Brexit. In the Asian session, at GMT0300, the pair is trading at … Continue reading

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GBP/USD: UK’s services sector activity eased in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.34% against the USD and closed at 1.2250. On the macro front, UK’s services PMI fell to a level of 50.6 in August, compared to a reading of … Continue reading

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GBP/USD: UK’s construction PMI unexpectedly fell to a decade low level in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.19% against the USD and closed at 1.2088. Data showed that UK’s construction PMI unexpectedly eased to a level of 45.0 in August, marking its sharpest decline since … Continue reading

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GBP/USD: UK’s manufacturing sector activity unexpectedly fell to a seven-year low level in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.75% against the USD and closed at 1.2065, amid escalating political uncertainties related to no-deal Brexit. On the data front, UK’s manufacturing PMI unexpectedly declined to a seven-year … Continue reading

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GBP/USD: UK’s mortgage approvals unexpectedly rose to a 2-year high in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.14% against the USD and closed at 1.2167 on Friday, as UK’s lawmakers prepare to retaliation Prime Minister Boris Johnson’s decision of suspending Parliament for a month. On … Continue reading

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GBP/USD: UK’s Gfk consumer confidence index declined to a six-year low level in August

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.29% against the USD and closed at 1.2184, after Queen Elizabeth approved British Prime Minister, Boris Johnson’s request to suspend Parliament before Brexit. In the Asian session, at … Continue reading

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GBP/USD: British Pound extends its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.54% against the USD and closed at 1.2219, after British Prime Minister Boris Johnson announced plans to suspend Parliament in September, stoking fears of a no-deal Brexit. In … Continue reading

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GBP/USD: UK’s BBA mortgage approvals rose to a 2.5-year high level in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.52% against the USD and closed at 1.2285, amid continuous efforts by opposition political parties to avoid a ‘no-deal’ Brexit on 31 October. Data indicated that UK’s BBA … Continue reading

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GBP/USD: British Pound extends its losses in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.35% against the USD and closed at 1.2222. In the Asian session, at GMT0300, the pair is trading at 1.2215, with the GBP trading 0.06% lower against the … Continue reading

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GBP/USD: British Pound reverses its gains in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.01% against the USD and closed at 1.2253, after German Chancellor, Angela Merkel, highlighted the possibility of a negotiated departure of Britain from the European Union. In the … Continue reading

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