GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.42% against the USD and closed at 1.3417, after UK’s services sector disappointed with a weaker-than-expected performance in November. Data revealed that UK’s Markit services PMI eased more-than-expected … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.3474. Yesterday, the European Commission President, Jean-Claude Juncker and the British Prime Minister, Theresa May failed to reach an agreement on … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.38% against the USD and closed at 1.3470 on Friday, shrugging off robust manufacturing sector data in the UK. Data indicated that UK’s Markit manufacturing PMI unexpectedly advanced … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.81% against the USD and closed at 1.3522, following news that the European Union leaders are set to offer a two-year Brexit transition deal as early as January … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.45% against the USD and closed at 1.3414, on hopes that Britain and the European Union moved closer to a Brexit deal. In economic news, UK’s mortgage approvals … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.24% against the USD and closed at 1.3354, in the wake of a report which revealed that UK and the European Union (EU) have agreed a deal over … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.3322. In the Asian session, at GMT0400, the pair is trading at 1.3325, with the GBP trading a tad higher against … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.18% against the USD and closed at 1.3333 on Friday. On the macro front, data revealed that UK’s BBA mortgage approvals declined to a level of 40.49K in … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.13% against the USD and closed at 1.3309, after UK’s total business investments sharply slowed in the three months to September. Preliminary data indicated that total business investment … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.66% against the USD and closed at 1.3326. Yesterday, the British Finance Minister, Philip Hammond, in his Autumn Statement announced that the Office for Budget Responsibility (OBR) downgraded … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP slightly rose against the USD and closed at 1.3239. On the macro front, UK’s public sector net borrowing posted a deficit of £7.5 billion in October, higher than market … Continue reading →