GBP/USD: UK’s consumer confidence unexpectedly improved in December

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.12% against the USD and closed at 1.2351, on growing concerns over Britain’s exit from the European Union (EU), after the UK’s Prime Minister Theresa May denied a … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Pound trading between its MA’s, ahead of UK’s public sector net borrowing data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.17% against the USD and closed at 1.2366. In the Asian session, at GMT0400, the pair is trading at 1.2377, with the GBP trading 0.09% higher against the … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.75% against the USD and closed at 1.2387, amid renewed Brexit uncertainty. In the Asian session, at GMT0400, the pair is trading at 1.2403, with the GBP trading … Continue reading

Posted in GBP/USD | Comments Off

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.64% against the USD and closed at 1.2480 on Friday. In economic news, UK’s CBI industrial trends total orders improved to a level of 0.0 in December, recording … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: BoE maintains 0.25% interest rate, warns of 2017 slowdown

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.92% against the USD and closed at 1.2424, after minutes of the Bank of England’s (BoE) latest monetary policy meeting indicated that inflation may not rise as quickly … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s ILO unemployment rate at eleven year low in the three months to October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.95% against the USD and closed at 1.2539. In econo0mic news, data showed that UK’s ILO unemployment rate remained steady at an eleven-year low level of 4.8% in … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s annual inflation jumped to two year high in November

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.16% against the USD and closed at 1.2659. On the economic front, Britain’s consumer price index (CPI) advanced more-than-anticipated by 1.2% YoY in November, hitting its highest rate … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Pound trading a tad lower, ahead of UK’s November inflation data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.72% against the USD and closed at 1.2679. In economic news, UK’s CB leading economic index rose 0.1% in October, following a revised reading of unchanged in the … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK total trade deficit sharply narrowed in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.07% against the USD and closed at 1.2567 on Friday. In economic news, data revealed that UK’s total trade deficit narrowed more-than-anticipated to £2.0 billion in October, amid … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: Pound trading marginally higher this morning

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.37% against the USD and closed at 1.2576, after robust US jobless claims data enhanced the demand appeal for the greenback. In the Asian session, at GMT0400, the … Continue reading

Posted in GBP/USD | Comments Off

GBP/USD: UK’s manufacturing and industrial output surprisingly dropped in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.44% against the USD and closed at 1.2623, after an unexpected downturn in UK’s manufacturing and industrial sector dented the nation’s growth prospects in the fourth-quarter. Data revealed … Continue reading

Posted in GBP/USD | Comments Off