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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.39% against the USD and closed at 1.3158, after the British Parliament rejected Prime Minister Theresa May’s proposal to step down if the Brexit divorce deal was approved. … Continue reading

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GBP/USD: UK’s BBA mortgage approvals surprisingly fell in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.3209, after two Eurosceptic lawmakers hinted that they would back UK’s Prime Minister Theresa May’s Brexit deal. Data showed that UK’s … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.10% against the USD and closed at 1.3208, amid reports of a third vote on UK’s Prime Minister Theresa May Brexit deal. In the Asian session, at GMT0400, … Continue reading

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GBP/USD: Sterling trading slightly lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.60% against the USD and closed at 1.3197 on Friday, after European Union leaders granted a two weeks extension to Prime Minister Theresa May for ruling out the … Continue reading

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GBP/USD: BoE kept its key interest rate steady at 0.75%, in line with expectations

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.61% against the USD and closed at 1.3118, amid growing fears that a no-deal Brexit would become a reality. On the macro front, UK’s public sector net borrowing … Continue reading

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GBP/USD: British Pound trading higher ahead of the BoE’s monetary policy decision

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.52% against the USD and closed at 1.3199, after British Prime Minister Theresa May confirmed that she was seeking a three-month delay the Brexit deadline. In economic news, … Continue reading

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GBP/USD: UK’s ILO unemployment rate unexpectedly slid to a 44-year low level in November-January 2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.16% against the USD and closed at 1.3268, amid upbeat jobs data. Data indicated that UK’s ILO unemployment rate unexpectedly slid to a 44-year low of 3.9% in … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.36% against the USD and closed at 1.3247, after Britain’s parliamentary speaker, John Berkow, ruled out a third vote on Prime Minister Theresa May’s Brexit deal. In the … Continue reading

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GBP/USD: UK’s Rightmove house prices declined in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.26% against the USD and closed at 1.3285 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.3297, with the GBP trading 0.09% higher … Continue reading

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GBP/USD: British Pound trading a tad lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.44% against the USD and closed at 1.3250. In the Asian session, at GMT0400, the pair is trading at 1.3245, with the GBP trading slightly lower against the … Continue reading

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GBP/USD: UK’s RICS house price balance declined to its weakest level since May 2011 in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.77% against the USD and closed at 1.3308. In the Asian session, at GMT0400, the pair is trading at 1.3252, with the GBP trading 0.42% lower against the … Continue reading

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