GBP news & headlines
Latest breaking stories, features and analysis
- The GBP/USD has formed a bearish shooting star pattern on the daily chart.
- The pair is reacting to the strong manufacturing PMI data from the UK and the upcoming BOE decision.
- In the immediate short term, the pair will react to the upcoming US PMI and the debate on stimulus.
Features & analysis
Latest GBP news
The uptrend of the GBP/USD pair continued today as traders reacted to upbeat numbers from the Bank of England (BoE). The pair is trading at 1.2973, which is the highest it has been since March 10 this year. UK consumer lending accelerates The GBP/USD pair reacted to strong lending numbers from the BoE. The data showed that households and businesses continued to increase their savings in June. Sterling money increased by £16 billion in June. In th...
The GBP/USD pair rose slightly as upbeat retail sales numbers outweighed the concerns about a no-deal Brexit. The pair is trading at 1.2740, which is slightly higher than the intraday low of 1.2725. Meanwhile, the British pound index, which measures the performance of the sterling against peer currencies, is trading at 127.37. UK retail sales rise Retail sales in the UK rose sharply in June as consumers spent time shopping after the end of the lo...
The GBP/USD pair turned lower as traders reflected on the rising chances of a no-deal agreement. The pair is trading at 1.2675, which is the lowest it has been since yesterday. The sterling also declined by 0.30% against the euro and by 0.55% against the Swiss franc. Brexit talks hit deadlock The GBP/USD pair, which has been rising, turned lower after the end of the fifth round of Brexit talks that happened this week in London. As was expected, t...
The GBP/USD pair is soaring as upbeat vaccine news outweigh the ongoing skirmish between the United Kingdom and China. The pair is trading at 1.2620, which is the highest it has been since Thursday last week. The 0.50% jump makes the British pound the best performing currency in the developed world today. China UK tensions rise Tensions between the UK and China are rising, a week after the former banned Huawei from its 5G networks. The country ar...
The GBP/USD pair rose slightly as traders reacted to the better-than-expected consumer inflation data from the UK. The pair is up by 0.21% and is trading at 1.2580, which is significantly higher than yesterday’s low of 1.2480. UK inflation rose in June Consumer prices rose slightly in June, according to the Office of National Statistics (ONS). The numbers showed that the headline Consumer Price Index (CPI) rose to 0.6% in June from the previous 0...
The GBP/USD pair turned lower today as traders reacted to mixed economic data from the UK. The pair is trading at 1.2550, which is lower than yesterday’s high of 1.2670. UK economy improved in May The UK economy made some improvements in May as the government relaxed some of its travel and business restrictions. According to the Office of National Statistics (ONS), the economy expanded by 1.8% in May after contracting by a whopping 20.4% in April...
The GBP/USD pair is little changed today as traders digest the latest auto sales data and construction PMI from the UK. The pair is trading at 1.2490, which is slightly higher than Friday’s low of 1.2443. It is slightly below the 100-day exponential moving average. UK construction PMI jumps Construction activity in the UK jumped in June as the government relaxed some stay-at-home orders, according to Markit. The construction PMI in the country ro...
The GBP/USD pair is little changed as traders reflect on the upbeat services PMI numbers from the UK. The pair is trading at 1.2466, which is above this week’s low of 1.2256. UK services PMIs rise Companies in the services sector did more business in June as the government eased movement restrictions. According to Markit, the services PMI rose to 47.1 from the previous 29.0. That was in line with what analysts polled by Reuters were expecting. It...
The GBP/USD pair reversed earlier gains as traders started worrying about funding for Boris Johnson’s ambitious infrastructure plan. The pair is trading at 1.2262 while the EUR/GBP pair is trading at 0.9062. The pound index, which measures sterling’s performance against a basket of currencies, is down by 0.70%. Questions about British infrastructure spending The UK has been affected significantly by the coronavirus pandemic. According to Worldome...
The GBP/USD pair dropped by more than 0.60% as traders refocused on the upcoming round of talks between the EU and the UK. They also reacted to the US warning to UK on Huawei relationship. The pair is trading at 1.2330, which is the lowest level since June 1. The British pound index is down by 0.56%. Fifth round of Brexit talks to start The UK voted to leave the European Union four years ago. While the country left the European Union in March, bu...
The British pound is higher today as traders react to the superb manufacturing and services PMI numbers. The pound index, which measures its strength against peers, is up by 1%. The EUR/GBP is up by 0.26% while the GBP/USD is unchanged. GBP/USD reacts to UK PMI data The UK has been hit significantly by the coronavirus pandemic. The number of infections have jumped to more than 305,000 while the deaths have risen to more than 54,000. As a result,...
GBP/USD has broken below the critical short-term support around $1.25 this week as the sellers take control of the price action. It was revealed this week that the UK Government borrowed a record £55 billion in May due to the coronavirus crisis, which makes the public debt bigger than the national economy for the first time since 1963. Fundamental analysis: Highest public debt ever The UK Government borrowed a record £55 billion in May, which mak...
The GBP/USD pair rose slightly in morning hours after data from the UK showed that the country is recovering. The pair is trading at 1.2440, which is 40 pips above yesterday’s low of 1.2400. The British pound index is trading at 124.20, which is slightly higher than yesterday’s low of 124.00. Talk of negative rates dampen mood The GBP/USD pair dropped sharply yesterday after the BOE interest rate decision. In the statement, the bank left interest...
The GBP/USD pair declined by almost 1% after the Bank of England (BoE) delivered its interest rate decision. The pair is trading at 1.2562, which is substantially lower than this week’s high of 1.2688. The pound index, which measures the sterling’s performance against peers, declined by 75 basis points also. UK economy struggling The UK has been among the worst-affected countries in Europe. According to Worldometer, the country has more than 299,...
The GBP/USD pair declined slightly as the Bank of England’s (BOE) monetary policy committee started its two-day meeting. The pair is trading at 1.2540, which is a few pips above this week’s low of 1.2451. Bank of England (BOE) preview The GBP/USD stayed relatively calm today as investors focused on the upcoming interest rate decision by the BOE. Analysts polled by Reuters estimate that the 9-member committee will leave interest rates unchanged at...
The GBP/USD pair rose by almost 2 percent in overnight trading partly because of the overall dollar weakness. The pair also reacted to mixedemployment numbers from the UK. As of this writing, the pair is trading at 1.2670, which is higher than yesterday’s low of 1.2450. Fed announces plan to buy individual corporate bonds The GBP/USD pair rose in overnight trading after the Fed announced a plan to start purchasing individual corporate bonds. This...
The GBP/USD pair declined slightly in the morning session as investors reacted to the weak economic data from the UK. Traders are also focusing on the rising chances of a no deal Brexit and the overall strong US dollar. UK economy collapsed in April The GBP/USD pair declined after the Office of National Statistics (ONS) released catastrophic economic data. The numbers showed that the UK economy contracted by 20.4% in April as the country enforced...