GBP/USD: British Pound reverses its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 4.16% against the USD and closed at 1.2486, after the UK government extended its lockdown for a further three weeks. In the Asian session, at GMT0300, the pair … Continue reading

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GBP/USD: UK’s retail sales fell at its fastest pace in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 3.91% against the USD and closed at 1.2518. In the Asian session, at GMT0300, the pair is trading at 1.2482, with the GBP trading 0.29% lower against the … Continue reading

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GBP/USD: British Pound extends its losses in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 3.10% against the USD and closed at 1.2624. In the Asian session, at GMT0300, the pair is trading at 1.2609, with the GBP trading 0.12% lower against the … Continue reading

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GBP/USD: British Pound reverses its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 3.95% against the USD and closed at 1.2513. On the data front, UK’s manufacturing production rose 0.5% on a monthly basis in February, more than market expectations for … Continue reading

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GBP/USD: British Pound trading higher in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 4.94% against the USD and closed at 1.2385. On the data front, UK’s RICS housing price balance eased to 11.0% in March, compared to a level of 29.0% … Continue reading

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GBP/USD: UK’s house prices remained flat in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.25% against the USD and closed at 1.2344. On the data front, UK’s Halifax house prices remained flat on a monthly basis in March, less than market forecast … Continue reading

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GBP/USD: UK’s construction activity contracted at its fastest pace since 2009 in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 6.28% against the USD and closed at 1.2210, amid news reports that British Prime Minister was moved to the intensive care unit due to persistent COVID-19 symptoms. On … Continue reading

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GBP/USD: UK’s Markit services PMI contracted in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 5.85% against the USD and closed at 1.2266 on Friday. On the data front, UK’s Markit services PMI fell to a level of 34.5 in March, recording its … Continue reading

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GBP/USD: UK house prices rose at its fastest pace in more than two years in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 4.88% against the USD and closed at 1.2392. On the data front, UK’s seasonally adjusted Nationwide house prices rose 3.0% on a yearly basis in March, registering its … Continue reading

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GBP/USD: UK manufacturing activity significantly dropped in March

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 4.93% against the USD and closed at 1.2386. On the data front, UK’s manufacturing PMI dropped to a 3-month low level of 47.8 in March, compared to a … Continue reading

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GBP/USD: Britain’s GDP remained flat as initially estimated in 4Q2019

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP declined 4.76% against the USD and closed at 1.2408. On the data front, UK’s gross domestic product (GDP) remained flat on a quarterly basis in the fourth quarter of … Continue reading

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