GBP/USD: Pound trading a tad higher in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.22% against the USD and closed at 1.2486. In the Asian session, at GMT0400, the pair is trading at 1.2488, with the GBP trading marginally higher against the … Continue reading

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GBP/USD: Pound trading lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.46% against the USD and closed at 1.2360 on Friday. In the Asian session, at GMT0400, the pair is trading at 1.2339, with the GBP trading 0.17% lower … Continue reading

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GBP/USD: UK’s annual retail sales accelerated at the fastest pace in more than 14 years in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.19% against the USD and closed at 1.2417. Data indicated that, UK’s annualised retail sales increased at the fastest pace in more than fourteen years, after it jumped … Continue reading

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GBP/USD: UK’s unemployment rate hit 11-year low level in the three months to September

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined marginally against the USD and closed at 1.2441. On the data front, UK’s ILO unemployment rate unexpectedly dropped to 4.8% in the three months through September, while markets … Continue reading

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GBP/USD: Mark Carney warns that inflation will go up in coming months

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.43% against the USD and closed at 1.2447, after a report showed UK’s inflation unexpectedly slowed in October. Data indicated that UK’s consumer price index increased by 0.1% … Continue reading

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GBP/USD: Pound trading on a weaker footing, ahead of UK’s inflation data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.52% against the USD and closed at 1.2501. In the Asian session, at GMT0400, the pair is trading at 1.2485, with the GBP trading 0.13% lower against the … Continue reading

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GBP/USD: Pound trading lower in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.45% against the USD and closed at 1.2599 on Friday. Macroeconomic data indicated that, UK’s construction output unexpectedly advanced by 0.3% on a monthly basis in September, confounding … Continue reading

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

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 1.05% against the USD and closed at 1.2543. In the Asian session, at GMT0400, the pair is trading at 1.2555, with the GBP trading 0.1% higher against the … Continue reading

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GBP/USD: EU sharply reduced UK’s growth forecast for 2017

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.36% against the USD and closed at 1.2413. In economic news, UK’s total trade deficit expanded more-than-anticipated to a level of £5.2 billion in September, following a revised … Continue reading

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GBP/USD: UK’s economic growth slowed in the third quarter: NIESR

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.22% against the USD and closed at 1.2368, after UK’s industrial production unexpectedly dropped by 0.4% MoM in September, compared to a similar fall in the prior month … Continue reading

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GBP/USD: UK’s BRC retail sales rose at the fastest pace since January in October

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 0.51% against the USD and closed at 1.2395. On the economic front, UK’s Halifax house price index rose by 1.4% MoM in October, compared to a revised advance … Continue reading

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