GBP/USD: Britain’s Rightmove house prices advanced in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.11% against the USD and closed at 1.4246 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.4260, with the GBP trading 0.1% higher … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Availability of unsecured lending to consumers dropped to a record low during the first quarter of 2018: BoE survey

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.36% against the USD and closed at 1.4231. As per the Bank of England’s (BoE) Credit Conditions survey, the availability of unsecured credit to households dropped “significantly” in … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s manufacturing production posted first decline since March 2017 in February

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.08% against the USD and closed at 1.4180. On the economic front, data showed that manufacturing production in the UK registered an unexpected drop of 0.2% MoM in … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Pound trading on a positive footing this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.27% against the USD and closed at 1.4169, after the Bank of England’s (BoE) policymaker, Ian McCafferty stated that the central bank should not prolong next interest rate … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK house prices post largest monthly gain since last August in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.26% against the USD and closed at 1.4131, after British house prices data came in better-than-expected in March. Data indicated that UK’s Halifax house price index climbed 1.5% … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Pound trading a tad higher this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.62% against the USD and closed at 1.4090 on Friday. In the Asian session, at GMT0300, the pair is trading at 1.4095, with the GBP trading slightly higher … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s services sector activity plunged to its lowest in nearly 2 years in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.58% against the USD and closed at 1.4003, after reading on UK’s services sector came in worse-than-anticipated in March. Data showed that Britain’s Markit services PMI eased to … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s construction sector contracted for the first time since September 2017 in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.15% against the USD and closed at 1.4085. Macroeconomic data indicated that Britain’s Markit construction PMI declined more-than-estimated to a level of 47.0 in March, dragged by severe … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s manufacturing sector growth unexpectedly improved in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.1% against the USD and closed at 1.4064, aided by a surprise rise in British manufacturing sector activity. Data indicated that UK’s Markit manufacturing PMI recorded an unexpected … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Pound trading higher in the Asian session, ahead of UK’s manufacturing PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.11% against the USD and closed at 1.4050. On Thursday, data showed that Britain’s final gross domestic product (GDP) advanced 0.4% on a quarterly basis in the final … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s consumer confidence jumped to a 10-month high in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.61% against the USD and closed at 1.4079. In the Asian session, at GMT0300, the pair is trading at 1.4078, with the GBP trading slightly lower against the … Continue reading

Posted in GBP/USD | Comments Off