GBP/USD: BoE kept its benchmark interest rate unchanged, as widely expected.

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.35% against the USD and closed at 1.2665. Data indicated that UK’s retail sales advanced 3.6% on an annual basis in November, buoyed by Black Friday promotions & … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Britain’s inflation slid to a 20-month low level in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.20% against the USD and closed at 1.2621. In economic news, UK’s consumer price index (CPI) eased 2.3% on an annual basis in November, marking its lowest level … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: British pound extends its gains in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.24% against the USD and closed at 1.2646. In the Asian session, at GMT0400, the pair is trading at 1.2673, with the GBP trading 0.21% higher against the … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Sterling trading higher in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.25% against the USD and closed at 1.2616. In the Asian session, at GMT0400, the pair is trading at 1.2634, with the GBP trading 0.14% higher against the … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s Rightmove house price index rebounded in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.62% against the USD and closed at 1.2583 on Friday, after British Prime Minister, Theresa May’s chances of a failure to secure key Brexit related concessions from the … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.18% against the USD and closed at 1.2662. In the Asian session, at GMT0400, the pair is trading at 1.2631, with the GBP trading 0.24% lower against the … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.19% against the USD and closed at 1.2639, after British Prime Minister, Theresa May survived the Brexit related no-confidence vote over her leadership. In the Asian session, at … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Britain’s average weekly earnings advanced to a 10-year high level in August-October 2018

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.58% against the USD and closed at 1.2490, amid ongoing Brexit uncertainty. On the data front, UK’s ILO unemployment rate remained steady at a rate of 4.1% in … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Britain’s economic growth slowed in the three months to October, amid growing Brexit uncertainty

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 1.47% against the USD and closed at 1.2563, after UK’s Prime Minister, Theresa May, decided to indefinitely postpone a critical vote on Brexit agreement. Data indicated that UK’s … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD UK’s Halifax house price index dropped to a 6-year low level in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.27% against the USD and closed at 1.2749 on Friday. On the data front, UK’s Halifax house price index unexpectedly slid to a six-year low level of 1.4% … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.36% against the USD and closed at 1.2783. In the Asian session, at GMT0400, the pair is trading at 1.2769, with the GBP trading 0.11% lower against the … Continue reading

Posted in GBP/USD | Comments Off