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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.11% against the USD and closed at 1.2166. In the Asian session, at GMT0300, the pair is trading at 1.2169, with the GBP trading marginally higher against the … Continue reading

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GBP/USD: UK’s construction PMI rose less than market forecast in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.24% against the USD and closed at 1.2152 on Friday. Data showed that UK’s construction PMI rose to a level of 45.3 in July, less than market consensus … Continue reading

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GBP/USD: BoE kept its interest rate steady at 0.75%

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.29% against the USD and closed at 1.2123. The Bank of England, in its latest monetary policy meeting, decided to leave its key interest rate steady at 0.75%, … Continue reading

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GBP/USD: UK’s Nationwide house price index rose more-than-anticipated in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.2158. Data indicated that UK’s seasonally adjusted Nationwide house price index advanced 0.3% on a monthly basis in July, surpassing market … Continue reading

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GBP/USD: UK’s Gfk consumer confidence index unexpectedly climbed in July

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.52% against the USD and closed at 1.2160, amid mounting worries over no-deal Brexit. On the macro front, UK’s Gfk consumer confidence index unexpectedly rose to a level … Continue reading

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GBP/USD: UK’s mortgage approvals advanced more-than-expected in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.23% against the USD and closed at 1.2224, after Boris Johnson’s government reiterated that Britain is prepared to leave the European Union without a deal on 31 October, … 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 declined 0.52% against the USD and closed at 1.2387 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.2371, with the GBP trading 0.13% lower … Continue reading

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GBP/USD: Sterling trading a tad lower in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.23% against the USD and closed at 1.2452. In the Asian session, at GMT0300, the pair is trading at 1.2449, with the GBP trading slightly lower against the … Continue reading

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GBP/USD: UK’s BBA mortgage approvals rose less-than-estimated in June

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.35% against the USD and closed at 1.2481. In economic news, UK’s BBA mortgage approvals advanced to a level of 42.65K in June, undershooting market expectations for a … Continue reading

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GBP/USD: IMF raises UK’s growth forecast to 1.3% in 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.32% against the USD and closed at 1.2438. Data showed that UK’s CBI total trends order unexpectedly dropped to a level of -34.0 in July, compared to market … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.22% against the USD and closed at 1.2478. In the Asian session, at GMT0300, the pair is trading at 1.2463, with the GBP trading 0.12% lower against the … Continue reading

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