GBP/USD: UK’s Rightmove house price index advanced in May

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.58% against the USD and closed at 1.2722 on Friday, after Brexit negotiations between the Conservatives and Labour collapsed. Data revealed that UK’s Rightmove house price index rebounded … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.39% against the USD and closed at 1.2796. In the Asian session, at GMT0300, the pair is trading at 1.2791, with the GBP trading slightly lower against the … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.50% against the USD and closed at 1.2846, amid fears that Prime Minister Theresa May’s proposed Brexit deal will be rejected again in June. In the Asian session, … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s ILO unemployment rate eased to a 45-year low rate in the January-March 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.32% against the USD and closed at 1.2910. Data showed that UK’s ILO unemployment rate unexpectedly slid to a 45-year low rate of 3.8% in the January-March 2019 … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: British Pound trading higher in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.45% against the USD and closed at 1.2952. In the Asian session, at GMT0300, the pair is trading at 1.2962, with the GBP trading 0.08% higher against the … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Britain’s economy grew in three months in 1Q 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.05% against the USD and closed at 1.3003 on Friday. In economic news, UK’s preliminary gross domestic product (GDP) advanced 0.5% on a quarterly basis in 1Q 2019, … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly declined against the USD and closed at 1.3010, amid diminishing hopes for a Brexit breakthrough between the Conservative and opposition Labour parties. In the Asian session, at GMT0300, … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s house price balance remained steady in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.45% against the USD and closed at 1.3011, amid possibilities that negotiations between the UK government and the Conservative and Labour Parties might collapse. In the Asian session, … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s Halifax house price index climbed as expected in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.18% against the USD and closed at 1.3070. On the data front, UK’s Halifax house price index rose 0.1% on a monthly basis in April, at par with … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.39% against the USD and closed at 1.3094. On Friday, UK’s services PMI expanded to a level of 50.4 in April, compared to a reading of 48.9 in … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s construction PMI advanced beyond estimates in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.17% against the USD and closed at 1.3033, after the Bank of England held its interest rate unchanged. The Bank of England in its latest monetary policy meeting, … Continue reading

Posted in GBP/USD | Comments Off