GBP/USD: UK consumer prices growth cooled in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.30% against the USD and closed at 1.4453. In economic news, UK’s consumer price index (CPI) advanced less-than-expected by 0.1% MoM in April, highlighting the struggle faced by … Continue reading

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GBP/USD: Pound trading higher, ahead of UK’s consumer price index data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.43% against the USD and closed at 1.4410. However, the Pound is under immense pressure amid fears surrounding the UK referendum on EU membership In the Asian session, … Continue reading

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GBP/USD: Pound trading on a weaker footing in the morning session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.55% against the USD and closed at 1.4367, after UK’s seasonally adjusted construction output declined more-than-expected by 3.6% MoM in March, its third consecutive drop, as heightened uncertainty … Continue reading

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GBP/USD: The BoE kept key interest rate steady at 0.5%

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.07% against the USD and closed at 1.4446, after the Bank of England (BoE) in a widely expected move left benchmark interest rate unchanged at a seven-year low … Continue reading

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GBP/USD: Pound trading flat, ahead of the BoE’s interest rate decision

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.07% against the USD and closed at 1.4436, after UK’s industrial and manufacturing production advanced at a less-than-expected pace in March. Data showed that Britain’s industrial production registered … Continue reading

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GBP/USD: Pound trading flat, ahead of UK’s NIESR GDP estimate data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP rose 0.23% against the USD and closed at 1.4446, after UK’s total trade deficit narrowed to a level of £3.8 billion in March, from a revised total trade deficit … Continue reading

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GBP/USD: Pound trading lower, ahead of Britain’s total trade balance data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.13% against the USD and closed at 1.4413. In economic news, UK’s Halifax house price index declined more-than-expected by 0.8% MoM in April, compared to a revised rise … Continue reading

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GBP/USD: Pound extends its losses in the Asian session

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.40% against the USD and closed at 1.4432. In the Asian session, at GMT0300, the pair is trading at 1.4424, with the GBP trading marginally lower from Friday’s … Continue reading

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GBP/USD: British service sector slumped in April

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.09% against the USD and closed at 1.4491, after UK’s Markit service PMI declined more-than-expected to a level of 52.3 in April, its lowest reading in more than … Continue reading

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GBP/USD: Pound trading higher, ahead of the UK’s Markit services PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.29% against the USD and closed at 1.4504, after UK’s construction PMI declined more-than-expected to a three-year low level of 52.0 in April, amid concerns about the upcoming … Continue reading

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GBP/USD: Pound trading lower, ahead of UK’s construction PMI data

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.82% against the USD and closed at 1.4546, after UK’s seasonally adjusted Markit manufacturing PMI unexpectedly declined to a level of 49.2 in April, slipping into contraction territory … Continue reading

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