GBP/USD: Sterling trading higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.10% against the USD and closed at 1.3065. In the Asian session, at GMT0400, the pair is trading at 1.3118, with the GBP trading 0.41% higher against the … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.90% against the USD and closed at 1.3078. On the macro front, balance of firms reporting total order book above normal declined to -1.0 in January, more than … Continue reading

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GBP/USD: Britain’s unemployment rate dropped to a 44-year low level in the three months to November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.54% against the USD and closed at 1.2961, on the back of upbeat jobs data. On macro front, data showed that UK’s ILO unemployment rate unexpectedly dropped to … 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 0.18% against the USD and closed at 1.2895, after UK’s Prime Minister Theresa May disclosed Brexit’s plan B to the parliament. In the Asian session, at GMT0400, the … Continue reading

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GBP/USD: UK’s retail sales increased below expectations in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.79% against the USD and closed at 1.2869 on Friday. In economic news, UK’s retail sales jumped 3.0% on an annual basis in December, compared to a revised … 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 0.86% against the USD and closed at 1.2986. In the Asian session, at GMT0400, the pair is trading at 1.2976, with the GBP trading 0.08% lower against the … Continue reading

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GBP/USD: UK’s consumer price inflation slowed to a 22-month low level in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.30% against the USD and closed at 1.2880, after British Prime Minister, Theresa May won a no-confidence vote in the parliament. Macroeconomic data showed that UK’s consumer price … 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 0.29% against the USD and closed at 1.2863. In major news, UK Prime Minister Theresa May’s Brexit divorce deal was rejected by the parliament, raising worries over a … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.05% against the USD and closed at 1.2869, ahead of the crucial UK parliamentary vote on Brexit deal. In the Asian session, at GMT0400, the pair is trading … Continue reading

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GBP/USD: Britain’s GDP growth falls to a six-month low level in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.70% against the USD and closed at 1.2845 on Friday, amid reports of a possible delay in Brexit vote. Macroeconomic data indicated that UK’s gross domestic product slowed … Continue reading

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GBP/USD: Sterling trading higher, ahead of crucial economic data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.30% against the USD and closed at 1.2748. In the Asian session, at GMT0400, the pair is trading at 1.2760, with the GBP trading 0.09% higher against the … Continue reading

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