GBP/USD

The GBP/USD price is down slightly today as traders react to mixed consumer confidence, retail sales, and PMI data from the UK. It is trading at 1.3073, which is slightly below this week’s high of 1.3168. UK consumer confidence fell Consumer confidence is one of the closely-watched economic numbers because of its impact on the market. Highly confidence consumers tend to buy more, which boosts retail sales, inflation, and the overall economy. Earl...

The GBP/USD is up by 0.2% as the market reacts to the UK inflation numbers, rising public debt, and the ongoing developments on Brexit. It is trading at 1.2976, which is higher than this week’s low of 1.2910. UK consumer inflation remains low Consumer prices in the UK remained low in September as the country started to battle the second wave of the virus. The headline consumer price index (CPI) rose 0.5 year on year in September, according to the...

The GBP/USD price tumbled today as the market continued to worry about the new strict lockdowns in London. The pair also reacted to new developments on Brexit and the jobless claims data from the United States. London starts lockdowns The number of coronavirus cases in the United Kingdom has been rising in the past few weeks. Yesterday, the health ministry confirmed more than 16,000 new cases, bringing the total number of cases to more than 655k....

The GBP/USD price rose by 0.50% as the market reacted to a speech by Boris Johnson and US producer price index (PPI) data. It is trading at 1.3000, which is higher than the intraday low of 1.2870. EU and UK to extend Brexit talks The United Kingdom will continue deliberating with the European Union about Brexit past the tomorrow’s deadline. According to Reuters, EU leaders will request Boris Johnson to accelerate talks ahead of the January 1 dead...

The GBP/USD price is in its third consecutive day in the green as investors react to the mixedeconomic data from the UK. The weaker US dollar has also contributed to the gains. It is trading at 1.2953, which is slightly higher than this week’s low of 1.2850. Mixedeconomic data from the UK The Office of National Statistics (ONS) released a series of economic numbers from the UK. The country’s economy expanded by 1.1% in August on a monthly basis a...

The GBP/USD pair is up slightly as investors reflected on the strong UK house price index data and the likelihood of a Brexit deal. The pair is trading at 1.2930, which is slightly higher than yesterday’s low of 1.2846. US house price index rises The housing sector in the UK has been relatively strong in recent months. Numbers have shown that mortgage applications have been rising while the construction PMIhas continued to rise. Yesterday, number...