GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.48% against the USD and closed at 1.2943, after UK’s manufacturing sector showed a poor performance in June. Data showed that Britain’s Markit manufacturing PMI unexpectedly eased to … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.12% against the USD and closed at 1.3025 on Friday. On the macro front, final estimate of gross domestic product (GDP) showed that the British economic growth sharply … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.56% against the USD and closed at 1.3010, following upbeat economic data in the UK. Data showed that Britain’s net consumer credit advanced more-than-expected by £1.7 billion in … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.93% against the USD and closed at 1.2938, following hawkish comments from the Bank of England (BoE) Governor, Mark Carney, that indicated support for a rate hike if … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.79% against the USD and closed at 1.2819. Yesterday, the Bank of England, in its bi-annual Financial Stability Report, warned of possible threats of a “hard Brexit” on … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.24% against the USD and closed at 1.2719, after UK’s BBA mortgage approvals fell to a level of 40.35K in May, hitting its lowest level since September 2016 … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.23% against the USD and closed at 1.2727 on Friday, after the British Prime Minister, Theresa May, offered European Union (EU) citizens the right to stay in the … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.14% against the USD and closed at 1.2679. In economic news, data revealed that UK’s CBI industrial trends total orders surprisingly advanced to a nearly 30-year high level … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.36% against the USD and closed at 1.2675, after the Bank of England’s (BoE) Chief Economist, Andy Haldane, stated that he is likely to back an interest rate … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.82% against the USD and closed at 1.2629, after the Bank of England (BoE) Governor, Mark Carney, doused expectations of an interest rate hike any time soon, stating … Continue reading →

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.28% against the USD and closed at 1.2733, amid increased anxiety amongst investors as formal talks on Britain’s exit from the European Union (EU) got under way. The … Continue reading →